German IoT startup EMnify raises USD 57 million in Series B

Germany-based EMnify, an IoT cellular cloud communication provider that connects millions of IoT devices across the globe, raised USD 57 million on 20th January 2022.

Investors: The investment round was led by London-based growth investor One Peak. In total, the startup has raised USD 80 million, including previous investment rounds.

Purpose of funding: The startup aims to hire the best global talent and expand its leadership team using the funding. Moreover, the startup is primarily focused on technology and business development in the DACH region and North America.

About EMnify

Founded in 2014 by Alexander Schebler, Frank Stoecker, and Martin Giess, EMnify is located in Berlin, Germany. EMnify is an IoT cellular cloud communication provider that connects millions of IoT devices across the globe. Any IoT deployment can be combined and secured using EMnify API and SIM technologies. The EMnify network far exceeds industry standards in terms of IoT Supernetwork capacity. It ensures seamless lifecycle scalability from small startups to world-class enterprises through its cloud-native integration and no-code workflow. Furthermore, providing services to over 600 radio operators. The startup also claims to operate in almost 200 countries through 397 indirect partnerships.

What the founder has to say

“In One Peak, we are not only gaining an investor, but a well-matched strategic partner with expertise in European founded SaaS scale-ups set for global growth. EMnify has come a long way in a short period and is perfectly positioned to use this capital and accelerate our market expansion and product development globally, with particular focus on the US market, where we already have 20 percent of our global customer base, representing over 30 percent of our revenues” said Frank Stoecker, CEO, and co-founder of EMnify.

“We are excited to help many more companies of all sizes connect, secure, and scale their IoT solutions worldwide.”

What the investor has to say

“The global cellular IoT market is approaching an inflexion point as the need for location-independent real-time data is greater than ever, while diminishing module sizes and deployment costs enable an abundance of use cases. EMnify is paving the way to meet the demand for global borderless connectivity to be available as a cloud-native resource analogue to other existing components of a modern technology stack”, said David Klein, Managing Partner at One Peak.

“We have been hugely impressed with EMnify’s strong and capital efficient growth trajectory, its disruptive best-in-class technology stack, and its world-class founding team. We believe the company has all the ingredients in place to become the global standard in cellular IoT connectivity and look forward to supporting EMnify during its next phase of explosive growth.”

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