Mavenir Raises $155 Million Of Capital To Accelerate Investments In Strategic Growth Products

Oct 04, 2022•almost 3 years ago

Amount Raised

$155 Million

Richardson

Description

Mavenir, a U.S.-headquartered provider of end-to-end, cloud-native mobile network software, today announced the closing of a $155 million capital raise. The transaction brings total strategic capital raised since July 2022 to $250 million. The financing, which supports Mavenir’s innovation-focused strategy, meaningfully strengthens the Company’s balance sheet to enable continued investment in strategic growth products.

Company Information

Company

Mavenir

Location

Richardson, Nebraska, United States

About

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry’s only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com _____________________ 1 451 Research, “Communications Platforms as a Service Market Guide 2021”

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