Telecomunicazioni
The IoT company Treon closes its 5.5 M€ Series A with Ventech as it expands into US
Treon's profitable growth in recent years is evident with over 80% YoY revenue growth in 2022, which is projected to continue at a similar pace throughout 2023 and 2024. The team has also seen substantial expansion, doubling to over 60 people within the last year, and now includes 14 nationalities, fostering a diverse and international environment. Treon's notable market growth, fueled by establishing its US office and awarding a US patent for Treon Industrial Node 6, paves the way for extensive expansion.
With this funding, Treon will allocate resources to bolster its sales and marketing efforts, establishing its market presence, and driving customer engagement. Additionally, the funding will be used to enhance Treon's product portfolio and further scale its organization to sustain the growth in the years to come.
As Treon advances in the industry, the company remains committed to innovation, excellence, and delivering value to its ecosystem of globally leading customers. This investment and a stronger presence in the US market position Treon for greater success, pioneering new possibilities in the IoT landscape.
, a , founded by experts with a strong background in wireless communication and battery-operated devices. Treon's mission is to empower a connected world by enabling global industry leaders in industrial, digital buildings, and logistics to build scalable IoT solutions using sensors, gateways, platform, software, and services, leveraging Treon Aito Platform for rapid and innovative developments.
is a with a strong digital focus. Founded in 1998, Ventech backs the most innovative and visionary tech entrepreneurs with a global ambition. With its dual structure platform, Ventech has dedicated funds for ( Paris , Munich , Berlin & Helsinki) and ( Shanghai and Hong Kong ).
:
Samah Zain, Senior Growth Manager
samah.zain@treon.fi
+358-505507331
Joni Korppi , CEO
joni.korppi@treon.fi
+358-505979532
Yakun WANG, Head of Marketing and Communications at Ventech
Yakun.wang@ventechvc.com
+33 – 6 16 44 14 87
Laika
ventech@laika.berlin
View original content:https://www.prnewswire.co.uk/news-releases/the-iot-company-treon-closes-its-5-5-m-series-a-with-ventech-as-it-expands-into-us-301917641.html