Teal Communications
Teal provides seamless connectivity for IoT.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor | €0.0 Valuation: €0.0 | round | |
* | N/A | $5.3m Valuation: $100m | Early VC |
| Total Funding | 000k | ||
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Teal Communications provides a groundbreaking eSIM platform that allows any IoT (Internet of Things) device to connect to over 2,000 cellular networks across 195 countries. This platform eliminates the need for roaming by automatically selecting the best network based on variables such as price, coverage, and quality. Teal's solution is designed to be scalable and adaptable, supporting 2G, 3G, 4G, LTE-M, NB-IoT today, and 5G in the future. The eSIM can remain in a device for its entire lifecycle, up to 15-20 years, without requiring physical maintenance, even as the device moves globally. Teal serves a wide range of clients, including enterprises and organizations that deploy IoT devices worldwide. The company operates in the global IoT connectivity market, offering a subscription-based business model where clients pay for access to the eSIM platform and its connectivity services. Revenue is generated through subscription fees and potentially additional charges based on data usage or premium features.
Keywords: eSIM, IoT connectivity, global networks, cellular networks, roaming elimination, scalable platform, 5G, subscription model, network optimization, device lifecycle.