Con­trolant com­pletes $35 mil­lion fi­nanc­ing

Controlant has completed a $35 million financing round, equivalent to 4.8 billion Icelandic krona. The funding is intended to support the company's future plans and is divided into $25 million in new equity and $10 million in debt financing.

Arion Bank's Corporate Advisory served as Controlant's advisor in the financing process.

About Controlant

Controlant is a leader in the development of real-time monitoring solutions for pharmaceutical supply chains. Using software and hardware, the company already monitors an enormous volume of pharmaceuticals in transit worldwide and provides services to the world's largest pharmaceutical companies. Controlant was founded in 2007 and has headquarters in Iceland with additional operations in the United States, Denmark, the Netherlands, and Poland.