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MAVOCO secures €11 Million in Series-A+ funding to accelerate global growth
- MAVOCO AG announces its successful Series A+ financing round, securing a total of EUR 11 million.
- The investment round was led by 3TS Capital Partners, red-stars.com, and additional investors.
- The funds will be used to fuel further growth of MAVOCO’s next generation IoT Connectivity Management Platform (CMP) for the global telecom sector.
Vienna, February 4, 2025 – MAVOCO, a leading provider of Connectivity Management Software for the Internet of Things, has successfully closed its Series-A+ financing round, securing €11 million in equity from existing shareholders and new investors.
The round was led by 3TS Capital Partners, red-stars.com, and other strategic investors, reaffirming strong confidence in MAVOCO’s growth potential in the telecom sector.
MAVOCO’s Connectivity Management Platform (CMP) was launched in 2021 and has been successfully deployed at scale across Southeast Asia and the Middle East. With its lean and flexible technology, MAVOCO has repeatedly demonstrated its ability to disrupt and fully replace legacy solutions at a fraction of the cost, earning itself the reputation as a formidable challenger to industry-giants such as Cisco, Ericsson (now Aeris) and Vodafone.
In 2024, MAVOCO secured major deals with mobile network operators across Europe, with ongoing deployments set to go live this year - further solidifying its position as a key player in the global telecom market.
“Securing funding for tech scale-ups has been increasingly challenging in recent years, making our investors' strong and continued commitment even more significant and meaningful. It reflects the remarkable achievements of our team and validates our mission to simplify and accelerate global IoT deployments." – Phat Huynh, CEO of MAVOCO
Funding will be used to further enhance MAVOCO’s capabilities to deliver a next-generation CMP - built on open standards to eliminate vendor lock-in and enable seamless cooperation across countries and networks for telecom providers and enterprises worldwide.
About MAVOCO
MAVOCO AG is a software specialist delivering connectivity management solutions for the global telecom sector. The company has office locations in Vienna, Eisenstadt, Klagenfurt, Warsaw and remote teams across Europe.
Its Connectivity Management Platform (CMP) was launched in 2021 with focus on the Internet of Things use-cases and has been successfully deployed for tier-1 network operators across Southeast-Asia and the Middle East. Major European network operators are set to go live in 2025.
MAVOCO CMP is designed to enable cooperation between network operators and enterprise customers across countries and networks simplifying global and regional IoT projects. It is built on open standards, compatible with any core network and cloud infrastructure, avoiding costly monolithic solutions and vendor lock-in.
For more information, visit www.mavoco.com
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