Investment Summary

Anzu Partners Invests In iTel Networks

On June 1, 2020, growth capital firm Anzu Partners invested in communications company iTel Networks

Investment Highlights
  • This is Anzu Partners’ 1st transaction in the Communications sector.
  • This is Anzu Partners’ 2nd transaction in Canada.
  • This is Anzu Partners’ 1st transaction in British Columbia.

Investment Summary
Date 2020-06-01
Target iTel Networks
Sector Communications
Investor(s) Anzu Partners
Deal Type Venture

Target

iTel Networks

Kamloops, British Columbia, Canada
iTel Networks is a national provider of business services, including voice, connectivity, networking, and cloud. As a converged network company, iTel harness the power of every Canadian carrier and every technology to create an affordable network solution for any sized business – in even the most remote locations across Canada and the US. iTel Networks is based in Kamloops, British Columbia.

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Investor(S) 1

Investor

Anzu Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anzu Partners is a venture capital and private equity firm that looks to develop and commercialize technological advancements in manufacturing, materials, monitoring/measurement, and modeling. This includes 3D printing, robotics, nanotechnology, composites, sensors, AI, and analytics. Anzu Partners was formed in 2014 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 17 of 34
Sector (Communications) 1 of 1
Type (Venture) 17 of 32
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2020) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 NTx

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NTx develops a cell-free process to produce biologics of high purity, stability, and low cost. The firm has the world’s first fully recombinant cell-free system based on thermophile strains and using continuous flow bioreactors. NTx is based in Rio Rancho, New Mexico.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 BioFlyte

Albuquerque, New Mexico, United States

BioFlyte is a biodefense and microbial identification company that is commercializing a revolutionary new class of fieldable biological threat collection, detection, and identification solutions. BioFlyte is based in Albuquerque, New Mexico.

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Mergr

Product

Company

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