April 20, 2021·1 min read
Bellevue-Based Startup Teal Communications Raises $9.1M to Expand Intelligent eSIM Platform, Enabling Global IoT and Private Network Services
Bellevue-based startup Teal Communications has raised $9.1 million to fuel its intelligent eSIM platform for IoT and private networks and to expand its services into new verticals.
The company’s Series A is led by StageDotO Ventures, an early-stage investment fund with offices in Seattle, Washington, and Boise, Idaho. Stormbreaker Ventures, Capital Eleven, Accellius Capital, the Alliance of Angels (AoA), and principals of Steelhead Partners also participated in the round. Additionally, Sunit Patel, the former CFO at CenturyLink and Level 3 Communications and former EVP in charge of T-Mobile’s acquisition of Sprint, joins Teal as an investor.