TELUS Ventures has backed the Guildford connectivity specialist with a £15m growth private equity investment.
"This strategic partnership and investment in Eseye marks an inflection point for the company. Our many years at the leading edge of cellular IoT connectivity have seen us deliver value to more than 2,000 customers across the globe. Today, this partnership validates our technology platform and goal to provide ubiquitous, cellular connectivity to devices anywhere in the world. We’re excited to be working with TELUS to deliver this new global IoT capability to its customers."
Kennet Partners led the Series A round to support product development and international expansion.
"Our mission is to empower organisers to bring professionals together to advance industries. This funding round is going to enable us to take the experience to a new level, leveraging our extensive industry-leading platform, offering unique value for Virtual, Hybrid and In-Person events."
The financing round was co-led by IQ Capital, Parkwalk Advisors and BGF to scale the company's product range and double headcount.
"This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has grown significantly and we are thrilled to be in a position to deliver several products to market, following decades of industry-leading research in reliability of power devices. This investment will allow us to supplement our experienced team with additional experts and expand our markets globally, creating more sustainable electronics worldwide."
The seed round was led by Cavalry Ventures with participation from Seedcamp, Mustard Seed Maze, and Amaranthine.
"Most fast-scaling companies turn to the Big Four accounting firms to outsource the handling of accelerating international tax complexity, denying themselves the opportunity to empower their internal functions and capture strategic tax data value. Loc.tax provides a collaborative platform that makes tax teams in hyper-growth mode stay on top of the ever-changing international tax, risk and compliance workloads, while enabling transparency with internal and externalstakeholders, including auditors and tax authorities. We are delighted to have the support of well-respected investors on our mission."
