Momenta Partners unveils second venture fund

Momenta Partners has launched its second venture fund focused on low power wide area networks. No financial terms were disclosed. Momenta Ventures, Momenta Partners’ investment arm, is managing the fund.


Momenta Partners, a global advisory, talent and ventures firm focused on Connected Industry announced today the launch of their second ventures fund, focused on Low Power Wide Area Networks (LPWAN).

The LPWAN Ecosystem Fund is a venture capital fund focused on accelerating innovative industry solutions powered by Low Power, Wide Area Networks. The fund is managed by Momenta Ventures, the investment arm of Momenta Partners, with investments coming from strategic stakeholders in the LPWAN ecosystem.
LPWAN Growth

Low Power Wide Area Networks are poised for significant growth, backed by growing coverage of networks based on open standards like LoRaWAN™. Such networks provide long-range connectivity for sensors and other connected devices at very low power consumption which allows for battery lives of several years. LPWAN make possible a wealth of applications across industries such as agriculture, energy manufacturing, smart cities and transportation.

IoT Analytics’ 2018 LPWAN report forecasts a 109% compound annual growth rate (CAGR) for LPWAN connections from 2017-2023, with annual connectivity spending surpassing US$4.7 Billion by 2023. Juniper Research predicts there will be over three billion LPWAN connected devices by 2021.

LoRaWAN™ Focus
The LPWAN Ecosystem Fund will be focusing primarily on investments around the LoRaWAN™ standard. LoRaWAN™ is the defacto standard for low power connectivity, complementing rapid innovations in 5G technology. The LoRa Alliance™ counts over 500 members focused on advancing collboratve innovation around the LoRaWAN™ standard, with availability in over 100 countries supported by over 100 network providers.

Momenta Ventures Connected Industry
Momenta Ventures is a recognized leader in early-stage investments in Connected Industry. Led by partners with deep domain expertise in energy, manufacturing, smart spaces and transportation / logistics, Momenta Ventures benefits from Momenta’s advisory and talent practices.

Momenta Partners’ Managing Director and Founder, Ken Forster states: “We are pleased to raise this new fund focused exclusively on LPWAN innovation and the LoRaWAN™ ecosystem. We believe the digital transformation of Connected Industry is in it’s infancy, and that LPWAN will be a key accelerator and enabler.”

According to Donna Moore, CEO and Chair of the LoRa Alliance™ : “The LoRaWAN™ ecosystem, deployments and network operator growth continues to explode year over year. This new fund from Momenta demonstrates that the market is highly confident in the scale and ROI LPWAN, and specifically, LoRaWAN™ , delivers.”

Donna Moore provides insights and introduction to LoRaWAN™ standard and the LoRa Alliance™ in a recent Momenta Edge podcast interview.

About Momenta Partners:
Momenta Partners are Connected Industry Growth Partners, with industry-leading Strategic Advisory, Executive Search, and Investment practices, accelerating the growth of Connected Industry companies globaly since 2012. For more information, visit, join the @MomentaPartners conversation or contact info(at)momenta(dot)partners.