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OpenAir Equity Partners is a venture capital and private equity firm specializing in investments across the Internet of Things (IoT) and related data science sectors. The firm targets wireless, communications, and mobile internet technologies, including connected car and home solutions. It provides strategic capital to foster innovation in these rapidly evolving technology landscapes, supporting companies from early to late-stage.
The firm was co-founded by Ron LeMay, a Managing Director. LeMay held significant leadership roles with prominent telecommunication companies such as Southwestern Bell, AT&T, and Sprint PCS, serving as CEO of Sprint PCS. His operational experience in wireless and communications provided the insight for establishing a firm dedicated to these technological frontiers.
OpenAir Equity Partners primarily invests in growth-oriented companies developing connected devices and data-driven solutions within its defined technology verticals. The firm's vision is to identify and empower disruptive technologies that leverage ubiquitous connectivity, shaping future interactions between individuals and devices across diverse environments, thereby driving innovation within the digital ecosystem.
OpenAir Equity Partners has 8 tracked investments across 4 companies. The latest tracked deal is $8.5M Series B in Pepper in April 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 2, 2017 | Pepper | $8.5M Series B | — | Comporium, Darcy Howe, Karl Gemperli, Royal Street Ventures |
| May 25, 2016 | Zubie | $6.0M Other Equity | — | Castrol InnoVentures, Comporium, Magna, Omar Jaffrey, NGP Capital |
| May 1, 2016 | Zubie | $6.0M Series U | — | Beringea, DCM, Nokia Growth Partners, Slow Ventures, Derek Jeter, Rashaun Williams, Castrol InnoVentures, Comporium, Magna, Melody Capital Partners, NGP Capital |
| Oct 26, 2015 | Commerce Signals | $4.0M Series A | Openair Equity Partners | — |
| Aug 20, 2014 | FarmLink | $40.0M Series B | Openair Equity Partners | DON Walsworth, John Rose, Early Investments, Thorndale Farm |
| Aug 1, 2014 | Zubie | $8.0M Series B | — | Beringea, DCM, Nokia Growth Partners, Slow Ventures, Derek Jeter, Rashaun Williams, Castrol InnoVentures, Comporium, Swamy Kotagiri |
| Dec 13, 2013 | Zubie | $10.0M Series A | — | Jonathan Tudor, Comporium |
| Sep 24, 2013 | Zubie | $8.0M Other Equity | Openair Equity Partners | — |
