What is Expeto?
Founded in 2015 and headquartered in Vancouver, British Columbia, Expeto specializes in the development of Enterprise Private Mobile Networking (PMN) solutions. Its flagship platform, NeXtworking, enables enterprises to seamlessly integrate private and public mobile networks into a single, secure corporate infrastructure. This technology is essential for organizations that require high-performance connectivity without compromising on data security or operational control. By positioning itself at the intersection of telecommunications and enterprise software, Expeto serves as a vital partner for industries undergoing digital transformation, ensuring that mobile connectivity remains a reliable and manageable asset within the corporate WAN.
How much funding has Expeto raised?
Expeto has raised a total of $22M across 2 funding rounds:
Series A
$10M
Series B
$12M
Series A (2021): $10M with participation from Mistral Venture Partners, BDC Capital Corporation, Evok Innovations, and Lavrock Ventures LLC
Series B (2022): $12M led by Evok Innovations, Samsung NEXT, Mistral Venture Partners, Lavrock Ventures, Sorenson Capital, and 5g Open Innovation Lab
Key Investors in Expeto
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, partnering with entrepreneurs to scale transformative energy and industrial technologies.
Samsung NEXT
Samsung NEXT provides software and services to complement Samsung's global hardware footprint, integrating product development, investment, and strategic partnerships.
Mistral Venture Partners
Mistral Venture Partners is a specialized venture capital and private equity firm focused on identifying and supporting high-growth potential companies within the technology sector.
What's next for Expeto?
With the successful closure of its latest financing, Expeto is well-positioned to scale its operations and deepen its penetration into the enterprise market. The strategic focus will likely center on enhancing the NeXtworking platform's capabilities to support emerging industrial use cases, such as IoT integration and edge computing. As the demand for private 5G and LTE networks continues to rise, Expeto's ability to provide a vendor-agnostic, secure networking layer will be a key differentiator. The company is expected to leverage this capital to expand its go-to-market efforts, strengthen its technical support infrastructure, and solidify its leadership in the evolving landscape of enterprise mobile connectivity.
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