Rowheels Raises $1.5M

by Brian Lee

Rowheels

Rowheels announced last week that it raised $1.5 million to advance the commercialization of its technology.

WISC Partners led the round; other participants were not disclosed.

“With this investment and working relationship with WISC Partners, we are prepared to effectively go to market with our new product family,” Rowheels CEO Rimas Buinevicius said in a statement. “WISC Partners has already helped us identify and expand our vision for additional market opportunities, so we have gained far more value than funding alone.”

Rowheels also announced that WISC Partners General Partner David Guinther will join its board of directors.