Friday, May 14, 2021

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Teal Communications: Raises $9.1M in Funding

  • Teal Communications, a Bellevue, WA-based provider of an intelligent eSIM platform enabling Global IoT and private network services, raised $9.1M in funding
  • The round was led by StageDotO Ventures, with participation from Stormbreaker Ventures, Capital Eleven, Accellius Capital, the Alliance of Angels (AoA), and principals of Steelhead Partners
  • Additionally, Sunit Patel, the former CFO at CenturyLink and Level 3 Communications and former EVP in charge of T-Mobile’s acquisition of Sprint, joined as an investor
  • The company intends to use the funds to accelerate its intelligent eSIM platform for IoT and private networks and to expand its services into new verticals
  • The company also announced the addition of telecommunications veteran Glenn Lurie to its Board of Directors
  • Lurie is the former CEO and President of Synchronoss Technologies and CEO and President of AT&T’s Mobility & Consumer Operations

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