Press Release

Boston, MA, March 31, 2023 – Burns & Levinson is pleased to have represented Baleon Capital, which invests in B2B growth technology companies in healthcare and tech-enable business services, in its Series A financing of Slick Technologies, Inc. (Slick). The transaction closed in January 2023.

Slick has built a high growth fleet automation and services platform for commercial fleets and fixed asset operators across the U.S., solving significant operational challenges – fleet downtime and asset lifespan – within the $22 billion fleet management industry. Slick’s SaaS platform combines proprietary fleet automation software with private rapid-repair shops, and a specialized mobile service to deliver complete asset management at the point of need. The company is currently live in 13 markets.

The Burns & Levinson team was led by corporate partner Andrew Merken, with lead assistance from associate Naveed Cheraghchi.

“We have been working with Baleon Capital since its inception – and with Jon Kaiden for almost 20 years – in a wide range of early and growth stage investments. We are excited to be able to continue to assist Baleon’s impressive and accomplished management team as they continue to provide growth capital for companies poised to take leadership positions in their respective industries,” said Merken.

About Baleon Capital 

Baleon Capital is an investment platform led by Jon Kaiden (Founder) and Shane Kim who have collectively invested in over 40 companies since the early 2000s. Baleon focuses on early-stage growth companies that have proven product market fit, with outstanding management teams and the ability to grow efficiently. Baleon is typically the first institutional investor and sole capital partner for the lifecycle of the company through exit. Baleon works to match its founders’ business devotion and provide guidance supporting their growth.