# Expeto Wireless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/expeto-wireless

- Industry: Telecoms
- Headquarters: Vancouver, Canada
- Website: www.expeto.io
- Total disclosed funding: $13M
- Latest round: Series B (Dec 5, 2022)
- Investors on record: 8

## About

Based in Canada, Expeto Wireless Inc. delivers an integrated software platform that enhances the management and connectivity of enterprise-grade mobile networks, ensuring secure and efficient operations across various industries.Established in 2015 and headquartered in Vancouver, Canada, Expeto Wireless Inc. specializes in enterprise mobile network solutions. The company was co-founded by Brian Baird, Ryley MacKenzie, and Terje Strand. Expeto has successfully completed five funding deals, with the latest being a CAD 12.000 mn Series B round on December 5, 2022, led by Sorenson Capital, alongside participation from other investors including 5G Open Innovation Lab and Samsung NEXT Ventures. To date, the total amount raised by the company stands at CAD 12.000 mn.Expeto offers a comprehensive software platform designed to facilitate the management and connectivity of enterprise-grade mobile networks. Central to its product suite is the ability to provide complete visibility and control over connected assets through a unique integration of Private Mobile Network security with public network coverage. This dual-capability allows enterprises across various industries—including automotive, logistics, manufacturing, and utilities—to modernize their operations by ensuring seamless connectivity for applications such as robotics and autonomous vehicles. Expeto's platform addresses critical use cases, such as the need for secure communications in multi-site environments, enabling organizations to monitor and manage their connected assets effectively throughout their lifecycle. The company serves clients globally, emphasizing markets in North America, Europe, and Asia, with a client base that includes large enterprises looking to enhance operational efficiency and drive innovation through advanced connectivity solutions.Expeto generates revenue through a subscription-based model, providing clients with access to its software platform tailored for enterprise mobile network management. The typical transaction structure involves direct B2B engagements, where enterprises subscribe to the platform to gain connectivity solutions. Clients pay recurring fees for the platform, which may include tiered pricing based on the scale of deployment and specific service features utilized. The flagship offerings, which leverage advanced features like usage tracking and QoS management, are integral to the value proposition for enterprise customers. These transactions are structured to enhance the clients' operational capabilities while ensuring compliance with their corporate security protocols, thereby fostering long-term partnerships and consistent revenue streams.In December 2022, Expeto Wireless Inc. raised CAD 12.000 mn in Series B funding, led by Sorenson Capital, to accelerate its product development and expand its go-to-market strategies. The company aims to introduce new products that enhance connectivity solutions for its clients and plans to penetrate additional markets in North America, Europe, and Asia by the end of 2023. The recent funding will support these initiatives, allowing Expeto to strengthen its position in the enterprise mobile network sector.

## Funding rounds

- Series B, Dec 5, 2022, $8.9M — Sorenson Capital, Mistral Venture Partners, Lavrock Ventures, Evok Innovations, Samsung NEXT Ventures, 5G Open Innovation Lab
- Series A, Apr 13, 2021 — BDC Capital, Mistral Venture Partners, Lavrock Ventures, Evok Innovations
- Series A, Sep 14, 2018, $3.9M — Mistral Venture Partners, Lavrock Ventures, Evok Innovations
- Seed, Mar 17, 2017 — Mistral Venture Partners, Momenta Ventures

## Investors

- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed, Series A, Series B
- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Seed
- Lavrock Ventures (https://capitalatlas.ai/funds/lavrock-ventures) — Series A, Series B
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A, Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series B
- 5G Open Innovation Lab (https://capitalatlas.ai/funds/5g-open-innovation-lab) — Series B