How much did Expeto raise?

Expeto raised $13 Million in a Funding Round round on December 6, 2022.

Who invested in Expeto?

Mistral Venture Partners and Sorenson Capital are named as investors in this round.

Expeto, A Startup Selling Tools To Manage Private Cellular Networks, Raises $13M

PRIVATEDec 06, 2022

Amount Raised

$13 Million

Round Type

Funding Round

VancouverHardwareWireless

Investors

Mistral Venture PartnersSorenson Capital

Description

There’s a growing market for private cellular networks, or dedicated cell networks configured to support a company’s specific requirements within a confined area (think a warehouse or wind farm). For example, some mining and energy companies have adopted private cellular networks to help facilitate operations that span over significant distances, where the increased range of cellular offers advantages compared to the Wi-Fi alternatives.

Quick answer

Expeto raised $13 Million in a Funding Round round, dated December 6, 2022. Investors: Mistral Venture Partners and Sorenson Capital. Expeto is based in Vancouver, Washington, United States.

How much did Expeto raise?: Expeto raised $13 Million in a Funding Round round on December 6, 2022.
Who invested in Expeto?: Mistral Venture Partners and Sorenson Capital are named as investors in this round.
What does Expeto do?: For example, some mining and energy companies have adopted private cellular networks to help facilitate operations that span over significant distances, where the increased range of cellular offers advantages compared..
Where is Expeto based and how big is it?: Expeto is based in Vancouver, Washington, United States.

Source: Fundz verified event record.

Who else raised in Hardware and Wireless around the same time

Companies in the same sectors as Expeto that raised within 45 days of this round, from Fundz verified event records.

BLUES WIRELESS INC. raised $32M (Funding Round) on January 5, 2023.
Guerrilla RF raised $5M (Post-IPO Equity) on January 3, 2023.
Guerrilla RF raised $5M on December 30, 2022.
Wytec International raised $100K on December 19, 2022.
Starry Group Holdings raised an undisclosed amount (Funding Round) on December 19, 2022.
Wytec International raised $50K on November 21, 2022.

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Company Information

Company

Expeto

Location

Vancouver, Washington, United States

About

For example, some mining and energy companies have adopted private cellular networks to help facilitate operations that span over significant distances, where the increased range of cellular offers advantages compared to the Wi-Fi alternatives. A number of major vendors provide private cellular network services, including AT&T and T-Mobile, as do some startups, including Celona, Anterix and Airspan Networks. “[They can deliver] mobility for any type of device using just a single SIM [card], maintain network device privileges across different connectivity types and physical sites [and] make real-time, self-service changes to the mobile networks they manage.”Expeto currently has “more than” 20 customers supporting over 50 private wireless sites, according to Anderson, who wouldn’t reveal revenue figures when asked. We determined that the best approach to continue our high-growth momentum is a financial structure comprising equity and debt with focus and accountability to deliver differentiated growth, innovation and references from recognized leaders in multiple vertical markets.”Samsung Next’s Andy Duong argues that Expeto is “uniquely positioned” to scale by leveraging its customer base as a distribution channel.

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Expeto raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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