Eseye secures £15m from TELUS Ventures to accelerate product development and commercial growth.
TELUS Ventures has backed the Guildford connectivity specialist with a £15m growth private equity investment.
Eseye develops leading edge IoT connectivity solutions and cellular IoT platforms for global enterprise customers. The company provides advanced hardware and connectivity management services to connect devices across hundreds of international mobile networks.
Eseye has secured £15m in growth private equity backing from TELUS Ventures to accelerate its international expansion and product development. The capital injection coincides with a strategic partnership to power the newly launched TELUS Global Connect platform using Eseye technology. The funding will enable the firm to scale customer success operations and satisfy surging enterprise demand for robust global IoT connectivity.
From the founder
"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."
Nick Earle
CEO at Eseye
Investor perspective
"TELUS is a leader in IoT connectivity and technologies in Canada, and this investment in Eseye will help to expand our IoT leadership across the globe, delivering our customers best-in-class IoT solutions,"
Rich Osborn
President and Managing Partner, TELUS Ventures
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
