Although we have been relatively quiet this quarter, we’ve been working harder than ever behind the scenes. PIUS had a record year in 2021, and we have hit several new benchmarks in the second quarter of 2022 – and our well on our way to surpassing 2021’s record.
Earlier this quarter, Alexis Coyle re-joined the PIUS team as Chief Operating Officer, overseeing all technology, finance, and underwriting aspects of PIUS’ business. Alexis worked with PIUS from 2018 to 2021 as a senior director, and in that role, she was instrumental in providing growth-stage technology companies with a comprehensive end-to-end financing solution. Her more than 25 years’ experience in global technology financing is an asset to PIUS and our current and future clients.
New Deals, New Sectors, New Records
Though the ink is still drying, PIUS obtained financing for a number of exciting technology companies in Q2, and we are eager to share more information as soon as we are able. Though company details remain confidential, PIUS expanded into two new sectors – AgTech and medical devices.
PIUS also hit a few important new records as a company. First, the team placed its largest IP insurance policy to date. The deal secured 390 million euros – approximately $415 million at the time of closing.
Finally, PIUS hit a major company milestone in Q2. Despite having a record year in 2021, we have already surpassed our 2021 revenue by the second half of the year. What’s more, we remain on track to uphold that pace through the end of the year, potentially doubling revenue year-over-year and hitting further landmarks before 2022’s conclusion.
We’re keeping our heads down and eyes forward moving into Q3, with more innovative technology financing deals on the horizon. Having greatly expanded PIUS’ team over the last several quarters, we’re in a better position than ever to meet and exceed the goals we’ve set out.