Confidential (2017)

TRANSACTION TYPE: SEED/ SERIES A

Sector/ Business Model: IoT/ B2B SaaS

The Central Europe based company provides connectivity  as well as a SW/ SaaS solution, allowing to manage IoT devices with applications ranging from logistics/ connected cars over smart grids on to network operators/ IoT network providers. The peer group includes Jasper (Cisco) and Sigfox.

In anticipation of a partnership with a wireless infrastructure provider managing several hundred million IoT devices, the company reached out to financial investors with a focus on B2B SaaS and IoT/ telecom specific investors raising funds to bring on new hires and broaden its customer base.

In the year post transaction, exclusively advised by in rebus corporate finance, revenues increased by 300%.