Octopus Ventures and KPN invest $38 million in Netherlands connectivity platform Braid
What happened
Octopus Ventures and KPN Ventures invested $38 million in Braid, a Netherlands-based enterprise connectivity platform, during a Series A funding round. Braid, which launched in 2023, reported being profitable and cash-flow positive and serves nearly 90 enterprise customers. The company plans to use the capital to accelerate international expansion and develop its embedded mobile connectivity infrastructure.
Why it matters
The investment supports Braid's growth in the embedded connectivity sector. KPN Ventures' participation strengthens KPN's strategic involvement in this connectivity space. Braid's platform allows businesses to incorporate branded mobile connectivity into their digital products without becoming telecommunications operators.
Who's involved
- KPNKPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom & ICT service provider.
- LondonLondon-based venture capital firm that led the investment.
- NetherlandsLocation of Braid, the enterprise connectivity platform.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NetherlandsSpeculative
The Netherlands might see increased investment in its enterprise technology sector.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Series A funding boosts Netherlands' enterprise connectivity platformThe Series A funding could boost the Netherlands' enterprise technology sector.Possible
- London VC investment boosts profile in European tech marketLondon's VC ecosystem gains visibility through $38 million European tech investmentPossible
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The entities involved
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KPN
Dutch multinational telecommunication and internet company
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