Albuquerque, N.M.-based Aspen Avionics has closed on $12.8 million in equity financing for product and technology development. Aspen’s previous investors—EPIC Ventures, Fort Washington Capital Partners, Granite Ventures, New Mexico Community Capital, Sun Mountain Capital and Signal Peak Ventures—were involved with the transaction. The company has also added Dr. John Mowell and Capt. Joseph Burns to its board of directors.
Related: Avionics & Instruments News