Lars Singbartl, a former partner and head of Warburg Pincus Germany, has invested in Emnify. Financial terms weren’t announced. Berlin-based Emnify is a cellular M2M and IoT connectivity company.
Berlin | March 8, 2016: EMnify, the privately funded Berlin-based global cellular M2M and IoT connectivity company, has signed on Lars Singbartl, former partner and head of Warburg Pincus Germany, as its latest investor.
Mr. Singbartl is making a significant investment in EMnify, making him one of the largest investors in the company to date. He joins various mobile technology business angels financially supporting EMnify’s three founders; all of whom having previously held management positions at companies within the Warburg Pincus TMT portfolio.
Mr. Singbartl managed multi-million-dollar technology investments while leading Warburg Pincus Germany. As an independent investor, he is now focused specifically on investments in the Block Chain and M2M/IoT space. As such, he has built a selective portfolio of technology companies that he is proactively supporting.
EMnify CEO and co-founder Frank Stoecker says the company is proud to be working with Mr. Singbartl and is confident his experience will help support and accelerate EMnify in its growth stage.
“Lars has more than 15 years’ experience working with technology companies so he truly understands and values our work. We are very happy to have him on board and we look forward to continuing on our rapid growth trajectory with his guidance,” Stoecker says.
Mr. Singbartl is confident in the EMnify team and product, after already having worked alongside the core team for more than 10 years: “I have seen firsthand this teams’ ability to create innovative, next-generation technologies and the EMnify platform has enormous potential,” Singbartl says.
“In particular I have been impressed by the capabilities of the platform’s connectivity/service management bundle as well as the eUICC management tools; both of which will provide a definite competitive advantage over the next couple of years for global go-to-market strategies of EMnify’s customers.”
Mr. Stoecker is also confident in the platform’s competitive advantage: “Our system is the first Virtualized Mobile Core Network delivered in a cloud model and with it already being generally available in three major regions – Asia, North America, Europe – it’s demonstrating massive growth potential.”
EMnify has started the year with significant momentum, securing key direct and partner sales contracts. The company is also continuing to accelerate its market reach internationally and Mr. Singbartl is expected to support this expansion through his international experience. (See also EMnify’s EMcore general availability announcement throughout Asia, Europe and North America).
Mr. Singbartl’s network in the Venture Capital and Private Equity industry will be used to structure an upcoming financing-round during the second half of 2016. Additionally, he will continue to support EMnify’s management team on strategic matters.
About EMnify: EMnify is a next-generation 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 custom-built, scalable and globally distributed Evolved Packet Core (EPC). EMnify serves as a Trusted Service Manager (TSM) and fully supports eUICC deployments. It’s RESTful-API and management platform can be fully integrated into existing systems to aid monetization of IoT ventures. EMnify services are provided as SaaS and IaaS, supporting cellular and LPWAN connectivity.www.emnify.com.