What is Expeto?
Founded in 2015 and headquartered in Vancouver, British Columbia, Expeto provides a sophisticated software platform known as NeXtworkingTM. The company addresses the complex needs of modern enterprises by enabling the seamless integration of public and private mobile networks into a unified, secure corporate WAN. This architecture allows organizations to maintain granular control over their data and connected devices, a necessity for industries requiring high-performance, low-latency connectivity. Expeto's market position is defined by its ability to simplify the deployment of private cellular networks, effectively transforming how large-scale enterprises manage their digital infrastructure in an increasingly mobile-first world.
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, Evok Innovations, BDC Capital Corporation, and Lavrock Ventures LLC
Series B (2022): $12M led by Sorenson Capital, 5g Open Innovation Lab, Mistral Venture Partners, Lavrock Ventures, Evok Innovations, and Samsung NEXT
Key Investors in Expeto
Sorenson Capital
Sorenson Capital collaborates with B2B product-first founders to revolutionize the way businesses operate, focusing on cybersecurity, applications, analytics, ML, AI, DevTools, and computing infrastructure.
Mistral Venture Partners
Mistral Venture Partners is a venture capital firm that invests in pre-seed and seed stage companies, focusing on Enterprise AI across Canada and the United States.
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, supporting the next generation of energy and industrial innovations.
What's next for Expeto?
With this major enterprise-level funding, Expeto is well-positioned to accelerate its product development and expand its market reach. The strategic capital will likely be deployed to enhance the NeXtworkingTM platform's capabilities, focusing on deeper integration with existing enterprise IT stacks and scaling operations to meet the rising demand for secure, private mobile connectivity. As the industry shifts toward more decentralized and resilient network architectures, Expeto's focus on data sovereignty and network control will be pivotal in capturing further market share. The company is expected to leverage its strong investor syndicate to navigate the complexities of global enterprise adoption and solidify its leadership in the PMN space.
See full Expeto company page
