PunktB is a venture capital and venture management firm focusing on early-stage and growth investments.

Springworks secures investment from TeliaSonera

Springworks is shifting gears and bring in TeliaSonera to the #IoT party. Stay tuned. More news to come from this duo.

TeliaSonera press release: TeliaSonera invests in renowned Swedish IoT-firm Springwork

Wall Street Journal: TeliaSonera takes a 30% stake in Springworks

TeliaSonera invests in renowned Swedish IoT-firm Springworks – TeliaSonera

With the investment in Springworks, TeliaSonera broadens its M2M and IoT (Internet of Things)-portfolio with new capabilities that is key to businesses developing IoT-solutions across industries. The investment forges a strategic partnership with a truly innovating company that has pioneered building smart human interfaces for IoT-solutions as well as developed a cloud based data analytics platform to harness the insights generated by the Internet of Things.

Springworks are very happy to announce that TeliaSonera invests in the company, making a very exciting partnership in our ambition to build the world’s best products within Internet of Things.

“At Springworks our main goal is to develop intelligent IoT-solutions that offer a great user experience. With TeliaSonera in our corner we can do that by leveraging their global m2m resources including their skill set, m2m platform and networks. The funds generated by the investment will enable us to continue developing and enhancing our services. Another important benefit is that we now have access to TeliaSonera’s network of partners and customers around the world, which can help us further grow our business and global footprint”, says Erik Ramberg, CEO at Springworks.