Expeto raises $12M
- Company
- Expeto
- Round
- Series B
- Amount
- $12M
- Investors
- Sorenson Capital (lead), Evok Innovations, Lavrock Ventures, Mistral Venture Partners, 5G Open Innovation Lab, Samsung Next
- Announced
- December 6, 2022
What happened
Expeto raised a $12 million Series B led by Sorenson Capital, with Evok Innovations, Lavrock Ventures, Mistral Venture Partners, 5G Open Innovation Lab, and Samsung Next participating, for its NeXtworking platform that unifies private and public mobile networks for mission-critical enterprise use.
Why it matters
Enterprises don't want to choose between private 5G and carrier networks — Expeto's raise validated the 'one enterprise network across both' layer that industrial deployments increasingly demand.
Source: GlobeNewswire
A permanent, searchable record of telecom and MVNO acquisitions: acquirer, target, deal value, status, and why each deal matters.
A permanent record of new MVNO launches worldwide: brand, host network, market, segment, and what each launch signals about the industry.