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Bethesda property tech firm Brivo lands $92 million in equity funding, eyes M&A

May 23, 2023

Bethesda-based property technology firm Brivo Inc. has landed a $92 million equity investment from the multi-billion-dollar Tokyo security company Secom Co. Ltd. The funding deal, announced Wednesday, comes less than a year after Brivo’s plans to go public through a merger with a special purpose acquisition company fell apart amid a downturn in the financial markets that caused many such deals to collapse. That deal, which was terminated in August, was expected to net Brivo about $304 million.

Article Source: Washington Business Journal

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