Adds Two New Board Members To Increase Aerospace Expertise
Aspen Avionics announced the closing of a $12.8 million round of equity financing to support continued product and emerging technologies development on Wednesday. All of Aspen’s previous investors, including Granite Ventures, Sun Mountain Capital, Signal Peak Ventures, EPIC Ventures, Fort Washington Capital Partners and New Mexico Community Capital participated in the round. In addition, an investment group led by Dr. John B. “Jack” Mowell, also injected additional growth capital into the company.