Tech Company Financing Transactions
Globetouch Funding Round
On 11/2/2017, Globetouch secured $40 million in Series C financing from Hermes GPE, Impact Venture Capital and SPARK Ventures.
Transaction Overview
Company Name
Announced On
11/2/2017
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series C
Investors
Hermes GPE (Bobby Yerramilli-Rao)
Impact Venture Capital (Eric Ball)
Proceeds Purpose
This investment round will allow Globetouch to enhance its services and market share of the growing connected car market. The company plans to extend the ecosystem of manufacturers, OEMs, consumer service providers and fleet owners for partnering and exchanging the services and products used during the lifecycle of a connected vehicle. The funding will also aid in Globetouch's growing push into other verticals, including logistics, industrial IoT, and healthcare.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
39221 Paseo Padre Pkwy. F
Fremont, CA 94538
USA
Fremont, CA 94538
USA
Phone
Undisclosed
Website
Email Address
Overview
Globetouch offers access to a cloud-based global ecosystem for M2M and IoT devices. We are a Global Operator built on an ecosystem of mobile operator networks. Offering seamless connectivity through our enabling infrastructure,we are the only mobile operator owned, funded and supported. We are an agnostic service provider of M2M and IoT solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Riccardo Di Blasio
Chief Financial Officer
Nigam Shah
Chief Operating Officer
Alfredo Cárdenas
Vice President
Nitin Karmarkar
VP - Bus. Development
Sunil Kaul
VP - Engineering
Uday Bhobe
VP - General Counsel
James Snyder
VP - Marketing
Talia Wise
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Where The Data Comes From
We document tech company VC transactions. VC transactions reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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