DC Advisory advises Haber on its $44 m Series C fundraise led by Creaegis, Beenext and Accel
Background
- Founded in 2017, Haber is an industrial automation AI platform, which leverages its proprietary hardware, software, and AI/ML engines to analyze key input parameters in manufacturing plants on a real-time basis
- Haber controls chemical dosing schedules to improve output yields and production quality across chemical-heavy industries such as: pulp and paper; metals and mining; and food and beverage
- Haber currently serves over 100 customers across India, South Asia and MENA regions
- Haber aims to drive economic impact for its customers improving production yields and reducing rejection rates
Process
- DC Advisory acted as the exclusive financial advisor to Haber and its shareholders
- DC Advisory reached out to 100+ global Tech & Industrial Automation focused investors and received multiple indications of interest
- DC Advisory worked closely with the leadership team at Haber to showcase its business model to monetize AI solutions through the sale of chemicals
- DC Advisory provided full advisory support including assisting with marketing materials, managing investor interactions, due diligence, and definitive documentation with the investors and their advisors
Outcome
- Haber received a growth equity investment for Series C funding from Creaegis along with participation from existing investors Beenext and Accel in October 2024
- With this fundraise, Haber aims to expand its presence into the US and MENA markets. Additionally, the investment will be used to enhance sales efforts and launching new products to create cross-selling opportunities
- This transaction adds to DC Advisory’s extensive experience in B2B-Enterprise Tech private placements
“It has been a great pleasure working with the DC Advisory team, comprising Meherzad, Nishant, Kushal, and Ashish, who provided phenomenal support throughout the deal process. The DC Advisory team supported us tirelessly through all stages of the transaction and helped us achieve the most desired outcome. Their focus, commitment, and sheer will to project our growth potential and narrative enabled investors to build trust on how Haber deep dives into the symphony of AI within the domains of Industrial Automation.”
“Haber has developed an exceptional industrial automation AI stack that offers automated chemical dosing solutions to clients in the manufacturing sector. By leveraging its proprietary hardware and software, along with an innovative business model, Haber is displacing incumbents in the pulp and paper industry. The vision of Vipin, Priya, and Arjun for Haber is commendable, and we are highly confident that Haber will continue to thrive and deliver substantial value to its customers and shareholders.”
- Technology & Software
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