# Emnify

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/emnify

- Industry: Software
- Headquarters: Wurzburg, Germany
- Website: www.emnify.com
- Total disclosed funding: $59M
- Latest round: Series B (Dec 30, 2021)
- Investors on record: 3

## About

Based in Wurzburg, Germany, Emnify GmbH is a prominent IoT solution provider specializing in cloud-native networks that integrate cellular and satellite connectivity for seamless IoT applications.Emnify GmbH, founded in 2014 in Wurzburg, Germany, is dedicated to providing IoT solutions. The founders, Frank Stöcker and Martin Giess, have focused on developing innovative connectivity options. The company successfully raised EUR 50.000 mn in Series B funding led by One Peak Partners on December 30, 2021, bringing the total amount raised to EUR 50.000 mn and achieving a current valuation of EUR 431.362 mn.Emnify is known for its IoT SuperNetwork, a cloud-native platform that combines cellular and satellite connectivity to offer extensive IoT solutions. This platform enhances network reliability and global reach, simplifying connectivity management for various sectors including smart buildings, transportation, retail, healthcare, agriculture, energy, and manufacturing. Emnify’s products cater to a range of businesses, from startups to large enterprises, ensuring IoT device deployment across North America, Europe, Asia, and other regions.In 2022, Emnify reported a revenue of EUR 20.3007815 mn, with an EBITDA of EUR -3.8241568 mn. The company utilizes a subscription-based revenue model that includes flexible connectivity solutions tailored to individual customer needs, alongside transaction-based services for data used by connected devices.Following the EUR 50.000 mn Series B funding round in December 2021, Emnify plans to accelerate its global expansion efforts, particularly targeting the US market. The funding will also support the further development and optimization of its proprietary cellular IoT technology, contributing to enhanced service offerings for their customers.

## Funding rounds

- Series B, Dec 30, 2021, $57M — One Peak
- Seed, Mar 8, 2016, $2.2M — BlueStar Ventures, SPARK VCT 3

## Investors

- BlueStar Ventures (https://capitalatlas.ai/funds/bluestar-ventures) — Seed
- SPARK VCT 3 — Seed
- One Peak (https://capitalatlas.ai/funds/one-peak) — Series B