LoneTree Capital Invests in Balena

January 23, 2026

Balena, an IoT fleet management and edge computing platform, has secured a strategic growth investment from LoneTree Capital to accelerate its product roadmap, expand Edge AI capabilities, and bolster security and compliance features. Financial terms were not disclosed; Lincoln International served as Balena's financial advisor.

Buyers
LoneTree Capital
Targets
Balena
Industry
Cloud & SaaS
Location
United States
Transaction Type
Growth capital

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