floLIVE secures £37.6m in a Series C round led by Greenfield Partners and 83North to expand its global connectivity network.
The Series C financing was co-led by Greenfield Partners and 83North to scale international growth and product capabilities.
floLIVE operates a global cellular network and connectivity management platform tailored for internet of things applications. The firm provides localized connectivity solutions designed to help enterprises and mobile operators manage devices seamlessly across international markets.
floLIVE has secured £37.6m in a Series C funding round co-led by Greenfield Partners and existing backer 83North. Additional participants in the financing include Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners.
The company will direct the capital towards expanding its international footprint through mobile network operator partnerships and scaling its multi-IMSI over eSIM technology. The funds will also support the introduction of an integrated satellite connectivity offering alongside advanced location and cybersecurity applications.
The raise follows shifting demands in the global connectivity sector, where original equipment manufacturers and enterprises require greater real-time visibility and regulatory compliance. Mobile operators are similarly seeking cloud-based architectures to modernise their offerings and move away from traditional roaming agreements.
From the founder
"This is a really strong vote of confidence from our existing investors as well as new investor Greenfield Partners, reiterating the value of our solution, especially during a tough economic climate where technology investments have been decreasing substantially,"
Nir Shalom
CEO at floLIVE
Investor perspective
"We look for highly differentiated infrastructure technologies that can support a robust and modern technology stack on top of them,"
Avery Schwartz
Partner, Greenfield Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Avery Schwartz
Greenfield Partners
Yoram Snir
83North
Qualcomm Ventures
Dell Technologies Capital
Saban Ventures
Hazelnut Partners
