Solaia Capital Advisors LLC, through its affiliates (collectively, “Solaia”) announce today the completion of an investment in Modjoul, Inc. (“Modjoul”), a leading provider of hardware, software, and AI solutions that enhance workplace safety and productivity for industrial companies. Modjoul’s effectiveness in reducing workplace injuries and costs has led to increased customer demand. Solaia’s investment provides Modjoul with the necessary capital to expand and diversify its customer base and to finalize the development and rollout of its latest AI Manager productivity offering.
“We’re excited about our next stage of growth. Partnering with Solaia will fuel corporate growth and provide us with the necessary capital and operational resources to expand and strengthen our capabilities to meet the rising need for industrial workplace safety,” said Modjoul CEO, Eric Martinez. “By combining Solaia’s strategic expertise with Modjoul’s innovative solutions, Modjoul is uniquely positioned to expand its installed base and offer significant cost-saving and productivity add-ons for our customers.”
“Modjoul’s success in reducing workplace injuries, coupled with cost-savings and operational benefits make Modjoul a compelling investment opportunity for Solaia,” stated Michael Carrazza, Solaia Capital’s CEO. “We are thrilled to be partnering with Modjoul’s management team to accelerate their success.” Robinson & Cole LLP provided legal counsel to Solaia Capital. Davis Wright Tremaine LLP provided legal counsel to Modjoul.
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