MAVOCO Secures €11 Million to Expand Global IoT Capabilities

Eisenstadt-based tech company MAVOCO, known for its Connectivity Management Software in the Internet of Things (IoT) sector, has secured €11 million in equity funding through its Series A+ financing round. The investment was led by 3TS Capital Partners, red-stars.com, and other strategic investors, reflecting confidence in the company’s position within the telecom industry.

CEO Phat Huynh acknowledged the difficulties many tech firms face when seeking growth capital in today’s financial environment. Commenting on the investment, he stated, “Securing funding for tech scale-ups has been increasingly challenging in recent years, making our investors’ strong and continued commitment even more significant and meaningful.”

Founded in 2014 by Anton Cabrespina and Helmut Lehner, MAVOCO AG specializes in providing software solutions that help manage global IoT connectivity. The company operates offices in Vienna, Eisenstadt, Klagenfurt, and Warsaw. Since its launch, it has become a key partner for telecom operators looking to streamline their global IoT initiatives.

In 2021, MAVOCO launched its Connectivity Management Platform (CMP), which targets IoT applications. The platform has already been adopted by major telecom operators across Southeast Asia and the Middle East, while leading European operators are expected to begin using it in 2025. This platform is designed to optimize IoT project management, allowing network operators to collaborate effectively across different regions and infrastructures.

The global IoT ecosystem involves interconnected devices that exchange data via the internet without human intervention. Devices like smart home appliances, wearable technology, industrial machines, and autonomous vehicles rely on IoT technology to gather, analyze, and act on real-time data. By doing so, businesses can automate processes, improve efficiency, and make data-driven decisions in industries ranging from healthcare to manufacturing and urban development.

One key feature of MAVOCO’s CMP is its compatibility with various core network infrastructures and cloud systems, avoiding dependence on specific vendors or costly monolithic solutions. The platform’s design ensures that enterprise customers and network providers can collaborate without the typical constraints of proprietary systems.

The latest funding round will be allocated to further enhancing the platform’s features and capabilities. MAVOCO plans to develop a next-generation version of its CMP, emphasizing open standards to facilitate seamless cooperation between telecom operators and enterprise customers on a global scale. The company also aims to remain competitive in upcoming tenders, with a pipeline exceeding €350 million in total value.

With the global IoT market expanding rapidly, MAVOCO is positioning itself as a crucial enabler for operators and enterprises seeking to navigate the complexities of large-scale, cross-border IoT deployments.