Momenta Partners, an Engelberg, Switzerland and San Francisco, and NYC-based global advisory, talent and venture firm focused on Connected Industry, launched its second venture capital fund.
Investments in the fund came from strategic stakeholders in the LPWAN ecosystem.
The LPWAN Ecosystem Fund is a venture capital vehicle focused on accelerating innovative industry solutions powered by Low Power, Wide Area Networks.
Low Power Wide Area Networks, backed by growing coverage of networks based on open standards like LoRaWAN™, provide long-range connectivity for sensors and other connected devices at very low power consumption which allows for battery lives of several years. LPWAN make possible a lot of applications across industries such as agriculture, energy manufacturing, smart cities and transportation.