Landshut, Germany-based MQTT solutions provider HiveMQ has raised €9.3 million in a seed round led by Earlybird and Senovo Capital Management. The round also saw participation from angel investors Ali Kutay, Mirko Novakovic, Daniel Schellhoss, and Charles Songhurst. The company expects to use the funding to ramp up sales and marketing efforts as well as […]
Paris-based Sequans Communications has secured $50 million in financing in a move to strengthen its balance sheet. The financing is provided by Lynrock Lake Master Fund and consists of $10 million of American Depository Shares and $40 million principal amount of convertible debt. “A stronger balance sheet improves Sequans’ standing as we accelerate our Massive […]
Vivacity Labs, the London-based tech company using artificial intelligence to improve traffic insights and safety, has closed a £5 million Series A round led by Mobeus, with additional backing from Downing Ventures and London Co-Investment Fund. Vivacity Labs works with government, regional bodies and local councils to re-think and optimise the way traffic and transport […]
Vitesy, an Italian-founded startup producing IoT devices that purify the air, has raised €1.2 million to speed up commercial distribution and the development of a new at-home consumer product called Eteria. Founded in 2015, the company’s team of scientists, engineers and designers have created smart devices that monitor and eliminate indoor air pollution. “We are […]
Munich-based GreenCom, an IoT startup focussed on home energy management, has closed a €12 million funding round to expand internationally. Lead investor Shell Ventures and Japanese VC firm Energy & Environment Investment (EEI) have joined previous backers such as Centrica, E.ON’s Future Energy Ventures, Munich Venture Partners and SET Ventures. The SaaS platform is able […]
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KINEXON, a Munich-based IoT company that develops hardware and software, has signed a €15 million venture debt loan from the European Investment Bank (EIB). The loan, which is supported by the European Fund for Strategic Investments, will be meted out in three chunks upon completion of some pre-defined milestones. The financing will help the German […]