Smart Wave Technologies Corp., a Toronto, Canada-based designer and manufacturer of innovative electronic and electromechanical systems for a broad range of end markets, including the away-from-home restroom market, recieved an investment from Northlane Capital Partners.
NCP invested alongside SmartWave founder Peter Zosimadis, who remains with the company as its Chief Technology Officer. Industry veteran Jack Vresics joined SmartWave as CEO at close.
This investment will provide SmartWave with significant resources to serve existing customers and to expand into new end markets.
Founded in 1994, SmartWave designs and manufactures components for products that require sensing, verifying, or dispensing on behalf of companies in the healthcare, hygiene, sanitary, plumbing supply and other end markets. The company adds value to customers’ products by incorporating technology that improves the product functionality and enhances the end user experience.