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Announced

Momenta Ventures to invest in Thingstream.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
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Tags

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IT Services: Other

United Kingdom

Single Bidder

Majority

Friendly

provider of Connectivity-as-a-Service

Private

Pending

Acquisition

Venture Capital

Private Equity

Synopsis

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Momenta Ventures, a Digital Industry venture investment firm agreed to invest in Thingstream, a provider of IoT Connectivity-as-a-Service. Financial terms were not disclosed. “We are happy to have Momenta Ventures on-board. Their deep industry knowledge about Digital Industry and their commitment to Low Power, Wide Area Networks is unique. Momenta’s investment in Thingstream is a significant affirmation of our mission to connect the enterprise via LPWAN, unlocking the potential of IoT," Philipp Bolliger, Thingstream CEO.

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