# IoT Venture

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iot-venture

- Industry: Internet
- Headquarters: Darmstadt, Germany
- Website: www.iot-venture.com
- Total disclosed funding: $1.4M
- Latest round: Series A (Jul 4, 2021)
- Investors on record: 2

## About

Based in Darmstadt, Germany, and founded in 2016 by CEO Jurgen Veith, Thomas Ullmann, and Holger Trautmann, IoT Venture GmbH, a.k.a. IoT Venture develops an IoT-plug-in-solution based on NB-IoT technology to enable digital platforms with completely new service ecosystems. The company provides its solutions for OEMs and beyond under its private labels for the end customer market. In July 2021, IoT Venture GmbH raised EUR 1.2 million in a Series A funding from Mobility Boost and BM H Beteiligungs-Managementgesellschaft Hessen.

IoT Venture provides a GPS tracker, which is based on the globally available lte-M and NB-IoT wireless standards to efficiently generate data that the company translates into valuable data signatures for the success of businesses. The GPS tracking technology allows users to connect things or pets to the internet for optimal network coverage, higher building penetration, and low energy consumption. The company also provides a mobile application that allows clients to make their products digitally tangible for their customers. In addition, the firm offers its products with brands such as It's my bike.

The company generated total revenue of EUR 6.5 million in the first 6 months of 2021 and sold more than 100,000 GPS trackers.

## Funding rounds

- Series A, Jul 4, 2021, $1.4M — BMH, Mobility Partners

## Investors

- BMH (https://capitalatlas.ai/funds/bmh) — Series A
- Mobility Partners (https://capitalatlas.ai/funds/mobility-partners) — Series A