Teal Communications sells a networking service used by Internet of Things device operators and other customers. The company operates an eSIM platform that lets companies connect their IoT devices to thousands of carriers by installing a standard or physically embedded SIM card. Teal raised $10.8 million as part of a Series A financing and is now valued at more than $100 million. Backers named in the round include StageDotO Ventures, Stormbreaker Ventures, and Capital Eleven. The company is based in the Seattle area. CEO and co-founder Robert Hamblet previously worked as an engineer at Globetouch; co-founder and chief business officer Michael Johnston was a management consultant for Microsoft and co-founded Rallysong. Teal Communications is a Bellevue, WA-based provider of an intelligent eSIM platform that enables global IoT and private network services. The company was founded by Robert Hamblet and Michael Johnston and aims to bring intelligent connectivity and networking solutions to the IoT industry. Teal raised $9.1M in funding to accelerate its intelligent eSIM platform for IoT and private networks and to expand services into new verticals. The round was led by StageDotO Ventures with participation from Stormbreaker Ventures, Capital Eleven, Accellius Capital, the Alliance of Angels (AoA), principals of Steelhead Partners, and investor Sunit Patel. The company also announced the addition of telecommunications veteran Glenn Lurie to its board. Teal announced participation in the 5G Open Innovation Lab, whose founding partners include Intel, T-Mobile, Microsoft, and Dell.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2022