- PRESS RELEASE
- Stockholm
- June 9, 2021
iotcomms.io, provider of a serverless platform for real-time communications services, announces the successful closing of a 2.4 MUSD (20 MSEK) funding round to accelerate growth. The funding round was led by Fairpoint Capital, a Nordic B2B technology Venture Capital investor focused on the next wave of high-tech breakthroughs.
iotcomms.io’s unique self-service SaaS platform, for mission-critical applications relying on secure Alarm, Voice and Video Communications, was launched in 2018 and has since attracted both large-volume Enterprise customers and market disrupters within sectors such as Healthcare, Alarm Industries and Telecom.
The platform, with secure and essential serverless communications building blocks, enables customers to save cost and move fast to market, and scales both in size and global markets.
We have a unique position with the digital shift happening in the healthcare and alarm industries and we can offer customers a smooth migration journey towards the public cloud and serverless architecture. With this investment, we can grow even faster.
We are happy and excited to have reached this agreement that will enable us to scale up and accelerate our growth journey. The interest for our recently launched Alarmbridge has been tremendous, so the investment will help us capture those opportunities and grow into new areas.
We are very excited to be partnering with the iotcomms.io team, board and shareholders in scaling up operations and further accelerating growth. We are impressed with what they have achieved so far, and we believe that iotcomms.io’s communication services will be a game-changer for mission critical real-time communication applications. We are delighted to be embarking on this journey together.
Co-investors are Telia Ventures, who invested in the company 2019 and Red Dawn Ventures.
Media inquiries
Gunnar Reinholdsen
gunnar@iotcomms.io
+46 72 240 9595
Jörgen Björkner, Co-founder at iotcomms.io, Andreas Pennervall, Investment Director at Fairpoint Capital and Gunnar Reinholdsen, Co-founder at iotcomms.io.
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ABOUT FAIRPOINT CAPITAL
Fairpoint Capital is a B2B technology investment fund. We leverage on more than two decades of technology venture capital investments. Our investment focus is unique technologies and business models that are highly scalable. Preferably the products address global markets with strong growth drivers. Investments are focused towards the Nordic region.
ABOUT IOTCOMMS.IO
iotcomms.io, founded 2018 in Stockholm, is developing a serverless platform for real-time communications services. The platform is designed for mission-critical applications and attracts companies within sectors such as Healthcare, Alarm Industries and Telecom. With iotcomms.io, established and new solution providers get access to secure Alarm, Voice & Video building blocks, and can move fast to the market with a solution that scales serverless – both in size and globally.
