On June 15, 2022, Xendee Corporation closed the transaction. The company raised $4,000,000 in its second and final tranche closing bringing the total funds raised to $12,000,000. The transaction was led by Anzu Partners, LLC, and included participation from TravelCenters of America Inc., Evergy Ventures, Surlamer Investments.

Whitney Haring-Smith of Anzu Partners, LLC will join company's board of directors as a part of the transaction.