MAVOCO funding news – Eisenstadt-based MAVOCO Secures €11 Million in Series A+ Round Funding

The round was led by 3TS Capital Partners, red-stars.com, and other strategic investors, reaffirming strong confidence in MAVOCO’s growth potential in the telecom sector.

It’s Connectivity Management Platform (CMP) was launched in 2021 and has been successfully deployed at scale across Southeast Asia and the Middle East.

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With its lean and flexible technology, it has repeatedly demonstrated its ability to disrupt and fully replace legacy solutions at a fraction of the cost, earning itself the reputation as a formidable challenger to industry-giants such as Cisco, Ericsson (now Aeris) and Vodafone.

In 2024, MAVOCO secured major deals with mobile network operators across Europe, with ongoing deployments set to go live this year - further solidifying its position as a key player in the global telecom market.

Phat Huynh, CEO of MAVOCO said, “Securing funding for tech scale-ups has been increasingly challenging in recent years, making our investors' strong and continued commitment even more significant and meaningful. It reflects the remarkable achievements of our team and validates our mission to simplify and accelerate global IoT deployments."

Funding will be used to further enhance MAVOCO’s capabilities to deliver a next-generation CMP - built on open standards to eliminate vendor lock-in and enable seamless cooperation across countries and networks for telecom providers and enterprises worldwide.

About MAVOCO

MAVOCO AG is a software specialist delivering connectivity management solutions for the global telecom sector. The company has office locations in Vienna, Eisenstadt, Klagenfurt, Warsaw and remote teams across Europe.

Its Connectivity Management Platform (CMP) was launched in 2021 with focus on the Internet of Things use-cases and has been successfully deployed for tier-1 network operators across Southeast-Asia and the Middle East. Major European network operators are set to go live in 2025.