Zimeno Inc. announced that it has received $20.000003 million in funding from CNH Industrial N.V., Musashi Seimitsu Industry Co., Ltd., V.S.T. Tillers Tractors Limited, At One Ventures, Lemonblue Servicos de Paginas Para Internet LTDA
March 01, 2021
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On March 2, 2021, Zimeno Inc. closed the transaction. The company has issued 3,761,591 series A preferred stock for gross proceeds of $20,000,003.1879 in the transaction. The round of funding led by new investors, CNH Industrial N.V., Musashi Seimitsu Industry Co., Ltd., V.S.T. Tillers Tractors Limited. The transaction also included participation from new investors, At One Ventures and Lemonblue Serviço de Páginas para Internet LTDA. The company has entered into an share purchase agreement to issue Series A preferred stock for $1,500,000 funding from new investor V.S.T. Tillers Tractors Limited for 2% stake on a fully diluted basis in the company.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Zimeno Inc. announced that it has received $20.000003 million in funding from CNH Industrial N.V., Musashi Seimitsu Industry Co., Ltd., V.S.T. Tillers Tractors Limited, At One Ventures, Lemonblue Servicos de Paginas Para Internet LTDA