Telensa raises $18m from ETF and SVB

The funding round comprised equity from ETF and debt from Silicon Valley Bank.

The fresh capital will be used to support the company's growth, specifically for the worldwide roll-out of its energy-efficient LED street lights. According to Telensa, connecting these lights is becoming mandatory due to energy savings, reduced maintenance costs and more flexible control.

Company
Established in 2005, Telensa provides smart street-lighting and smart city applications, incorporating low power wide area (LPWA) wireless technology. Its streetlight application is used in 50 cities across eight countries.

According to the company, Telensa's LPWA ultra narrow band radio system combines low cost, long range, long battery life and two-way communication for large numbers of devices.

People
Telensa – Will Gibson (CEO).
Environmental Technologies Fund – Patrick Sheehan (founder, partner).
Silicon Valley Bank – Andrew Hunter (director).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Environmental Technologies
• Silicon Valley Bank (SVB)
• Venture