Karma Ventures – Investment in Wirepas

We advised Karma Ventures in their investment in IoT company Wirepas. Wirepas raised EUR 10 million in the funding round.

Wirepas, the global leader in industrial internet of things solutions (IIoT), will use the collected funds to develop 5G standards and greatly contribute to the growth prospects of the company. The technology of Wirepas enables the digitalisation of, for instance, logistics and industrial manufacturing, which in turn increases the transparency of supply chains and saves energy.

Karma Ventures (karma.vc) is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising deep-tech software startups. Karma Ventures backs companies with strong ideas, unique technology, customer traction and global ambition.

Wirepas is a software company based in Tampere, Finland, that has built a wireless connectivity platform for the Industrial Internet of Things (IIoT).