Teal Communications Raises $9.1M in Funding

Teal Communications, a Bellevue, WA-based provider of an intelligent eSIM platform enabling Global IoT and private network services, raised $9.1M in funding.

The round was led by StageDotO Ventures, with participation from Stormbreaker Ventures, Capital Eleven, Accellius Capital, the Alliance of Angels (AoA), and principals of Steelhead Partners. Additionally, Sunit Patel, the former CFO at CenturyLink and Level 3 Communications and former EVP in charge of T-Mobile’s acquisition of Sprint, joined as an investor. 

The company intends to use the funds to accelerate its intelligent eSIM platform for IoT and private networks and to expand its services into new verticals. 

The company also announced the addition of telecommunications veteran Glenn Lurie to its Board of Directors. Lurie is the former CEO and President of Synchronoss Technologies and CEO and President of AT&T’s Mobility & Consumer Operations. Lurie also led the original development of the Internet of Things (IoT) group at AT&T and sits on the boards of Bill Gates-backed Pivotal Commware and the Avis Budget Group.

Founded by Robert Hamblet and Michael Johnston, Teal aims to bring intelligent connectivity and networking solutions to the IoT industry. The company recently announced its participation in the 5G Open Innovation Lab which counts Intel, T-Mobile, Microsoft, Dell, and others among its founding partners.