SaaS IoT Startup emnify Closes Series A Round and is Now Funded With 20 Million Euro


  • 8 million euro Series A financing round from existing investors
  • Investment to boost international growth and expansion
  • Webscale cellular connectivity integration roll out with Amazon, Microsoft and Google

emnify, one of the world's fastest growing SaaS companies in the IoT sector, has announced the finalization of a Series A financing of 8 million euro today. Most of the investment was committed by emnify's existing shareholders, many of them with a technology background. As a result, the tech startup based in Berlin and Würzburg has now been financed with a total of 20 million euro since 2015.

emnify operates with a rapid growth business model and has a high level of customer loyalty with a Net Dollar Retention (NDR) rate well above 140 percent. The technology is available in more than 180 countries. Customers worldwide trust emnify's SaaS solution to securely operate their IoT data networks. emnify's technology is used across a wide range of industries in many different ways. It is for example an important building block for the shared mobility sector. emnify has a worldwide customer base exceeding 1,000 and is enabling some of the world's fastest growing IoT Communication Service Providers such as 1nce, BICS and Telecom Liechtenstein.

The current funding will support emnify's international sales and marketing expansion activities as part of the global roll out of its cloud native cellular connectivity integration with Amazon AWS, Microsoft Azure and Google Compute Engine, among others. More details will be announced at the IoT Solutions World Congress in Barcelona October 29-31.

Frank Stöcker, CEO and Co-Founder of emnify, stated: "emnify is experiencing very strong growth and with the fresh capital we want to accelerate this trend by taking the necessary investments to further expand our sales and marketing activities to execute our go-to-market strategy." 

emnify Chairman of the Board, Lars Singbartl, stated: "This new financing round demonstrates the confidence investors have in the emnify team and business model. Most of the investors themselves are in the technology sector. They recognized emnify's great potential early on and are now enabling further scaling with their investment."


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About emnify

emnify is the leading cloud building block for cellular communications in the IoT stack, connecting millions of IoT devices globally – from electric vehicles to energy meters, alarm systems to GPS trackers, thermometers to health wearables. The emnify API and SIM technology connect and secure any kind of IoT deployment to its application back-end. emnify’s cloud-native integrations and no-code workflows ensure seamless lifecycle scalability for deployments of all sizes – from local start-up to global enterprise. The award-winning emnify IoT SuperNetwork is the largest globally distributed mobile cloud core network of its kind, supporting local network access (2G – 5G, LTE-M, NB-IoT and soon satellite) in over 180 countries from more than 25 cloud regions – and counting. emnify’s solution is built on partnerships with the leading hyperscale cloud service providers, system integrators, and hundreds of radio network operators worldwide.

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Image for post Deloitte ranks German IoT connectivity pioneer EMnify among 2022 Fast 50 companies

Deloitte ranks German IoT connectivity pioneer EMnify among 2022 Fast 50 companies

● EMnify again ranked among Germany's fastest-growing technology companies ● EMnify's IoT super-network is the largest globally distributed mobile cloud core network of its kind Berlin, November 11, 2022 - EMnify was once again honored with the "Deloitte Technology Fast 50 Award.” Deloitte has been honoring the 50 growth champions of the German tech industry with this prestigious award for 20 years, based on their percentage revenue growth in the last four fiscal years. This is a great achievement and a confirmation of the continuous and successful growth story that can be traced back to EMnify's mobile-based, cloud-native IoT connectivity technology.EMnify transforms complex, global cellular connectivity for IoT devices into an easy-to-use cloud offering with a single API. Customers' applications can thus communicate with their globally distributed devices as a cloud-native resource. EMnify's mobile core network is highly scalable and connects to the best available mobile network worldwide, ensuring uninterrupted communication between machines and industrial equipment, even over long distances. This is a decisive factor, especially when it comes to predictive maintenance or the general reliability of production. Frank Stoecker, CEO and co-founder of EMnify, is delighted that his company's achievements have once again been recognized in the prestigious "Deloitte Technology Fast 50 Awards."He comments, "At EMnify, we never stand still, always striving for the next step in innovation. We aim to provide our customers with customized solutions, no matter the industry or the size. This is how we have successfully grown into a global company. We are very proud that Deloitte has once again honored us. My special thanks go to the EMnify employees who make this growth possible in the first place."