Total funding includes new $85M credit facility led by KeyBanc Capital Markets in addition to recent $50M Series B.
Orem, UT, September 15, 2022 – LiveView Technologies (LVT), a leader in intelligent safety and security ecosystems, today announced that it has secured a total of $135M in funding to enable continued deployment of its subscription-based hardware and software security systems to customers across the country, helping them reduce crime and make communities safer.
The $135M in funding is a result of an $85M debt financing syndicate led by KeyBanc Capital Markets and MUFG Bank, Ltd. as joint lead arrangers. Participating lenders also include City National Bank and Zions First National Bank. This credit facility follows a recent $50M Series B equity raised by growth investment firm Sorenson Capital, which joined The Larry H. Miller Group and previous investment partners, Lead Edge Capital and Pelion Venture Partners.
Given the rise in criminal activity throughout both public and private sectors, the demand for LVT’s elite combination of high-tech security equipment and world-class surveillance software has rapidly increased—leading to 153% revenue growth YoY, and 100% CAGR for the past five years. The latest round of funding will be used to expand LVT’s fleet of rapidly-deployable surveillance units which offer customers a subscription-based model to improve public safety and reduce theft—at a fraction of the cost of guards.
“We have been steadily breaking into new markets, while also expanding our presence with existing customers who recognize the benefits of integrating our security solutions,” said Ryan Porter, co-founder and CEO of LVT. “While we have an impressive fleet of several thousand units in the field, this financing will enable us to further expand and meet high-volume requests for onsite security and surveillance systems.”
LVT’s combination of hardware and software provides customers with best-in-class security that combats property threats and secures assets while also ensuring safer environments. By uniting physical security equipment and surveillance software, customers have access to real-time data and are quickly able to eliminate potential threats at a moment's notice—reducing both violent crime and theft by more than 60% for customers in the public and private sector. The debt financing round will ensure the available fleet is capable of meeting demands while also reducing costs.
“Securing our Series B with our investor partners and our debt facility with our banking partners provides LVT the funds needed to support our hyper-growth,” said Andrew Gale, CFO of LVT. “With 100% of our full-time employees holding stock options, leveraging our equity with this debt package reduces the dilution to existing shareholders and ensures the employees who helped get us here still have a meaningful stake in LVT.”
“We are excited to continue our relationship with LVT and facilitate their growth as they work to prevent violent crime and promote safety,” said KeyBanc Capital Markets. “The proven successes of LVT’s rapidly-deployed security equipment combined with the intuitive capabilities of their integrated software, made fostering their continued growth through debt financing an easy choice.”
For more information on how LVT quickly and easily secures any physical environment with intelligent automation and actionable insights—for industries like retail, transportation, critical infrastructure and emergency services, construction, real estate, entertainment, education, and more—visit www.LVT.com.
LiveView Technologies (LVT) is an enterprise SaaS and Platform-as-a-Service (PaaS) solution for remote live video, safety surveillance, IoT, and analytics gathering, processing, and delivery. LVT is trusted by some of the largest and most well-known organizations in the world, including companies in retail, emergency services, critical infrastructure, and more to keep their properties safe. For more information, visit www.LVT.com.
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