MAVOCO, a Eisenstadt-based provider of Connectivity Management Software for the Internet of Things (IoT), 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.
“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,” said Phat Huynh, CEO of MAVOCO.
Founded in 2014 by Anton Cabrespina and Helmut Lehner, MAVOCO AG is a software specialist delivering connectivity management solutions for the global telecom sector. The company has office locations in Vienna, Eisenstadt, Klagenfurt, and Warsaw.
Its Connectivity Management Platform (CMP) was launched in 2021 with focus on the IoT 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.
IoT refers to a network of interconnected devices that communicate and exchange data over the internet without requiring direct human intervention. These devices, which range from smart home appliances and wearable fitness trackers to industrial sensors and autonomous vehicles, are embedded with sensors, software, and connectivity capabilities that enable them to collect, analyse, and act on data in real time.
By integrating IoT technology, businesses and individuals can improve efficiency, automate processes, and gain deeper insights into various aspects of daily life and industry. This interconnected ecosystem is driving innovation across multiple sectors, including healthcare, manufacturing, transportation, and smart cities, enhancing convenience, productivity, and decision-making through seamless connectivity and data-driven intelligence.
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.
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.
They are currently bidding in tenders with a total pipeline value of >€350 million.