VC firms back €14.4m series-B for Wirepas

London-based ETF Partners and Dutch investor KPN Ventures took part in the round, as well as Finnish firms Tesi and Vito Ventures.

The company has now raised a total of €22m over four funding rounds, according to a company statement.

Wirepas will use the fresh capital to expand the reach of its platform and support further product development.

Company
Wirepas was founded in 2010 as a spinout from Tampere University. It develops software for radio communications protocol, which can be used for wireless control of Internet-of-Things devices. The company employs 50 people in nine countries.

People
KPN Ventures – Sjoerd Spanjer (investment director).
Tesi – Juha Lehtola (director of VC).
Wirepas – Teppo Hemiä (CEO).

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• Topics
• Expansion
• Nordics
• Technology
• Venture
• Finland