• Deutsche Telekom IoT shipping partner (and Group investment) Roambee completed a Series‑B funding round, raising $15.2m.

Roambee raises $15m in funding round

Roambee raises $15m in funding round

Source: Roambee

Deutsche Telekom IoT (DT IoT) shipping partner (and Group investment) Roambee completed a Series‑B funding round, raising $15.2m (€13.8m). The American Internet of Things (IoT) solution provider — which supports DT IoT’s cross‑border logistics offering, alongside SAP (DeutscheTelekomwatch, #71) — said the money will be used to “expand its operations and accelerate sales globally”. DT does not appear to have participated in the round, despite having taken a minority stake in Roambee during 2017 (DeutscheTelekomwatch, #59). Swiss investment player Anchor Group led the funding, while investment groups Comcraft and Intuitive Ventures, logistics conglomerate Jebsen & Jessen, Indonesian operator Telkomsel, and industrialist Anant Singhania were contributors.