- 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
BERLIN, October 9, 2019 -- 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."
-- ENDS --
EMnify is a leading cloud-native IoT connectivity provider that empowers businesses worldwide to get the best out of their devices and overcome industry barriers. Led by forward-thinking telecommunications experts Frank Stöcker, Martin Giess, and Alexander Schebler, EMnify is revolutionizing the industry through its cloud-native service, enabling secure IoT connectivity – addressing one of the main issues regarding the IoT sector. Its disruptive solution and customer-centric approach are made possible by 100 experts that support thousands of companies in more than 70 countries. EMnify’s connectivity is available in 180 countries with 540 operators across all continents.
Founded in 2014, EMnify believes in the power of the Internet of Things and supports positive societal impact through enterprise innovation.
Logos and Executive Photography
High-res EMnify logos and photography of EMnify Co-Founders and customer case studies can be found here.
EMnify GmbH | Charlottenstr. 4 | 10969 Berlin
PR and Communications Manager