Enterprise mobile networking platform Expeto nets C$12m Series B

Sorenson Capital led the round.

  • Other investors included Evok Innovations, Lavrock Ventures, Mistral Venture Partners, 5G Open Innovation Lab and Samsung Next
  • To date, Expeto has secured more than C$20 million in total financing
  • The proceeds of the newest round will be used by the company to accelerate innovation and expand go-to-market programs

Expeto, a Vancouver-based mission-critical enterprise mobile networking platform, has secured C$12 million in Series B financing.

Sorenson Capital led the round. Other backers included existing investors Evok Innovations, Lavrock Ventures and Mistral Venture Partners. Additional new investors included 5G Open Innovation Lab and Samsung Next.

To date, Expeto has secured more than C$20 million in total financing. The proceeds of the newest round will be used by the company to accelerate innovation and expand go-to-market programs.

Founded in 2015, Expeto helps enterprises to extend private networks via any type of cellular connectivity and continue to operate just one mobile network that devices and people can move seamlessly. The company goes to market via MNOs and network vendor partners as well as direct, powering next-gen networking use cases for large, multi-site businesses in industries that include utilities, mining, connected vehicles, agriculture, healthcare, logistics, manufacturing.

“Expeto was first to market with public and private networking on a single SIM and we see them with a considerable lead in this market,” said Burke Davis, a partner at Sorenson Capital in a statement. “Further, the company is helping to put more control and choice in the hands of the enterprise which is a good thing for MNOs eager to advance and simplify how the mobile connectivity they offer can be integrated into private wireless networks. We look forward to working with Expeto as it pursues transformative outcomes for a range of large, complex industry use cases.”

Expeto’s US headquarters is in Portland, Oregon, while its research and development offices are in San Francisco and Luxembourg.