EMnify, a Berlin, Germany-based global cellular M2M and IoT connectivity company, received an investment from Lars Singbartl, former partner and head of Warburg Pincus Germany.
Mr. Singbartl, who is as an independent investor focused specifically on the blockchain and M2M/IoT space and has built a selective portfolio of technology companies that he is proactively supporting, is making a significant investment in the company, joining various mobile technology business angels.
The amount of the deal was not disclosed.
The company will use the proceeds of the investment and the experience of Singbartl to accelerate its growth internationally. His network in the venture capital and private equity industry will also be used to structure an upcoming financing-round during the second half of 2016.
Led by CEO and co-founder Frank Stoecker, EMnify provides an elastic Cloud Service that enables enterprises and OEMs to connect M2M and IoT devices globally throughout the lifecycle of a device. It uses provider-agnostic M2M SIM cards in combination with a globally distributed Evolved Packet Core (EPC). Its RESTful-API and management platform can be integrated into existing systems to aid monetization of IoT ventures.
The company’s services are provided as SaaS and IaaS, supporting cellular and LPWAN connectivity, throughout Asia, Europe and North America.
FinSMEs
10/03/2016
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