CHICAGO – October 15, 2025 – First Analysis Securities Corp. advised Intelligent Locations on its recent growth investment from Marlin Equity Partners. Intelligent Locations is a leading provider of AI-powered real-time location software for healthcare enterprises. Intelligent Locations’ suite of solutions enables hospitals to track assets, people and processes in real-time. Venture capital fund First Analysis Fund XIV also participated in the investment. The investment will support further advancement of Intelligent Locations’ AI-powered INTRAXTM platform to optimize critical business and clinical operations for hospitals.
“With its extensive experience and research depth in Internet of Things software and healthcare IT, the First Analysis team was able to guide us to an ideal partnership with Marlin Equity Partners,” said Bogdan Nedelcu, founder and chief executive officer of Intelligent Locations. “And with the investment from First Analysis, we look forward to continuing to benefit from First Analysis’s deep capabilities in this next phase of growth.”
First Analysis Managing Director Matthew Nicklin commented, “The Intelligent Locations team has built a powerful healthcare solution that leverages data and analytics to support evidence-based decisions and modernize healthcare operations. We’re excited to continue working with this talented team on this compelling platform.”
About Intelligent Locations
Intelligent Locations pioneered the development of INTRAX™, delivering an advanced AI-powered localization platform for healthcare enterprises. Its software provides healthcare professionals with intuitive tools to track, measure and analyze assets, staff safety, patient satisfaction, operational workflows, environmental conditions and more. Headquartered in Raleigh’s Research Triangle, with a Center of Excellence in Paris, the company continuously advances its predictive analytics and machine learning capabilities. For more information, please visit www.intelligentlocations.io.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with nearly $10 billion in capital commitments specializing in the software, technology and services sectors. Marlin’s mission is to partner with exceptional management teams to drive scale and enhance long-term value in businesses through its deep domain expertise, extensive network and operational transformations focused on product innovation, go-to-market enhancements, and strategic M&A. Founded in 2005, Marlin has completed over 260 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.
About First Analysis
First Analysis has been advising and investing in growth-focused business-to-business technology companies for over 40 years. Our approach is founded on comprehensive research and deep sector insights. We harness this knowledge to empower entrepreneurs, enterprises and their investors, transforming industry expertise and robust relationships into tangible results. We build lasting partnerships that drive real value at every stage. For more information, visit www.firstanalysis.com.
For more information, please contact:
Matthew Nicklin
Managing Director
312-258-7181
mnicklin@firstanalysis.com
Media contact:
David Leshuk
Managing Director
312-258-7131
dleshuk@firstanalysis.com