What is Expeto?
Expeto is a software company founded in 2015 and headquartered in Vancouver, British Columbia, that specializes in developing its NeXtworkingTM platform. This innovative solution enables enterprises to seamlessly extend public and private mobile networks, creating a unified and secure corporate WAN. The platform ensures that businesses maintain complete control over their data and devices, addressing critical security and management concerns in the adoption of mobile technologies within enterprise environments. Expeto's technology is pivotal for industries requiring robust, secure, and private mobile connectivity.
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 BDC Capital Corporation, Lavrock Ventures LLC, Mistral Venture Partners, and Evok Innovations
Series B (2022): $12M led by Lavrock Ventures, Samsung NEXT, Sorenson Capital, 5g Open Innovation Lab, Mistral Venture Partners, and Evok Innovations
Key Investors in Expeto
Lavrock Ventures
Lavrock Ventures is a venture capital firm specializing in enterprise technology, focusing on early-stage businesses in sectors like enterprise software and cybersecurity. They provide strategic investment and guidance to support entrepreneurs addressing critical national problems.
Samsung NEXT
Samsung NEXT complements Samsung's global hardware with software and services, operating across product development, investment, M&A, and partnerships to foster innovation.
Sorenson Capital
Sorenson Capital collaborates with B2B product-first founders, investing in cybersecurity, analytics, and AI companies. They offer technical expertise and go-to-market support to drive efficient high growth.
What's next for Expeto?
The recent major strategic investment signals a pivotal phase for Expeto, likely indicating a move towards scaling operations and broadening market reach. With a focus on enterprise-grade private mobile networking, the company is well-positioned to capitalize on the increasing demand for secure, reliable, and dedicated connectivity solutions. This backing will likely fuel further innovation in their NeXtworkingTM platform, potentially expanding its capabilities to support more complex industrial IoT applications and advanced enterprise mobility use cases. The strategic nature of the investment suggests a focus on partnerships and market penetration, aiming to solidify Expeto's position as a leader in the enterprise PMN sector.
See full Expeto company page
