MAVOCO AG reaches significant milestone with Herbst Kinsky: Successful Series A+ financing round, securing a total of EUR 11 million fuels growth and global expansion
Led by 3TS Capital Partners, red-stars.com, and additional investors, this fresh capital will enable MAVOCO to further scale its cutting-edge IoT Connectivity Management Platform (CMP).
In the 3 years after the launch of MAVOCO CMP, the team has established itself as a formidable challenger to industry giants such as Cisco, Vodafone and Ericsson (Aeris).
MAVOCO has successfully delivered large-scale implementations in Southeast Asia and the Middle East and has expanded its customer base with well-known tier-1 network operators in Europe, who are relying on the MAVOCO’s carrier-grade technology.
In a challenging environment for tech scale-ups, this financing round underscores investors’ confidence in MAVOCO’s vision and innovation.
The funds will be used to further fuel global expansion, enhance service delivery, and reinforce its leadership in IoT connectivity for the global telecom sector.
“The team at Herbst Kinsky has been instrumental in navigating this complex multi-party transaction. Their deep experience with scale-ups, venture capital and private equity investors went beyond legal guidance and played a crucial role in structuring our investment round, corporate governance, and incentive schemes.”, says Phat Huynh, CEO of MAVOCO AG.
The transaction team at Herbst Kinsky was led by Philipp Kinsky with support by Anna Diensthuber, Alina Eigner and Johanna Höltl.