REGENT Craft raises record $240M in Series B funding

REGENT CRAFT Inc. founder and Chief Technology Officer Mike Klinker, left, and founder and CEO Billy Thalheimer pose with the company’s Seaglider at its North Kingstown facility. REGENT announced Thursday it has raised $240 million in Series B funding, which it says is the most venture capital raised in Rhode Island history. PBN FILE PHOTO/ELIZABETH GRAHAM

NORTH KINGSTOWN – REGENT Craft Inc. has raised $240 million in Series B funding, which the seaglider manufacturer on Thursday said is the highest venture capital raise in Rhode Island history. The funding, led by Mare Liberum and AE Ventures, with debt capital provided by Erebor Bank, will accelerate manufacturing for REGENT defense contracts and commercial demand

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