Commitments from New Investors and Additional Investment from Existing Ones Propel Globetouch Towards a $40 Million Series C

Globetouch, a leader in global connectivity services and Internet of Things (IoT) platforms for the connected vehicle and the IoT market, is raising $40 million in Series C funding. The company has announced that it has secured a large part of the funding round already, with new investors Hermes Growth Partners, Spark Telecom Ventures and Wholesale and Impact Venture Capital. The existing shareholders joining this round include Verizon Ventures and Zeev Ventures. These investors join the leading mobile operators like CK Hutchison Holdings Ltd, NTT DoCoMo and Digicel. Click here for more.

from Cellular News http://bit.ly/2z75mAG