Ventech
Assembly Line
Firecell raises €6.6M Seed funding for 5G industrial solution
Firecell announced the completion of a €6.6 million Seed round in equity led by Ventech and Matterwave Ventures, accompanied by Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative. The funds will be used to develop a new range of products with new features such as geolocation and protection against cyber-attacks. They will also help deploy Firecell’s offering in Europe, notably in Germany, the leading European industrial market, where the startup is establishing a subsidiary, and to recruit new team members.
By reducing the footprint of 5G technologies to operate on standard servers and through strategic partnerships with renowned manufacturers, Firecell enables industrial enterprises of all sizes to pave the way for a smart industry.
Treon secures €5.5 M Series A to accelerate expansion and innovation in IoT solutions
Tampere-based IoT startup Treon has successfully closed a €5.5 million Series A funding round led by Ventech, building on their initial seed investment in 2019. The startup specializes in providing intelligent edge products and scalable solutions for industrial, digital buildings, and logistics clients, facilitating data collection and analysis to enhance efficiency and decision-making. With plans to expand into the US, Denmark, and France, the funding will be used to strengthen sales and marketing efforts, enhance their product portfolio, and support their mission to become a global leader in massive IoT solutions.