HEST Investments Invests in Valerion to Advance Battery Technology

Battery Ventures Invests €33.5M in Proemion

October 24, 2022

Cloud & SaaS

Battery Ventures has made a €33.5 million growth investment in Proemion, the Germany-based provider of hardware-enabled telematics and cloud software for mobile machines. The capital will be used to accelerate international expansion, broaden Proemion’s telematics platform and pursue acquisitions; Battery partners have joined Proemion’s board as part of the transaction.

Battery Ventures Invests in Ascendant

January 19, 2023

Payments & Fintech

Battery Ventures has agreed to make a significant strategic investment in Ascendant (AscendantFX Capital Inc.), becoming the company's primary investor to accelerate product innovation, network expansion and growth. Ascendant, a Toronto-based cross-border payments fintech serving over 2,000 financial institutions and corporate customers, said the transaction is expected to close in H1 2023 subject to regulatory approval; Raymond James acted as Ascendant's exclusive financial advisor.

Lyten Acquires Northvolt's BESS Product Portfolio

July 28, 2025

Renewable Energy

Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.

Battery Ventures Makes Significant Growth Investment in ORTEC

January 16, 2024

Data & Analytics

Battery Ventures has made a significant growth investment in ORTEC, a Netherlands-based provider of decision-support software and data-science services, to accelerate ORTEC’s product and geographic expansion. The partnership will support ORTEC’s reorganization into three divisions (logistics & routing, workforce management, and data science & consulting) and strengthen its presence in the US and Europe; ORTEC founders remain on the board.

HEST Investments Invests $1 Million in American Binary

September 3, 2024

Cybersecurity

HEST Investments, a Dallas-based private equity firm, made a strategic $1 million investment in American Binary, a U.S.-based post-quantum encryption company. The minority growth investment (finalized in Q4 of last year) will help American Binary accelerate R&D and commercialize its quantum-resistant encryption and enterprise VPN solutions for business and government customers.

Retriev Technologies Acquires Battery Solutions

March 9, 2022

Environmental Services

Retriev Technologies has acquired Battery Solutions to create the largest comprehensive end-of-life battery management solution in North America. The deal combines Retriev's lithium‑ion processing capabilities with Battery Solutions' cross‑chemistry collection, sorting, logistics and fulfillment network to expand capacity and service offerings across EV, telecom, consumer electronics and waste management end markets.