02 December 2019:
IoT investor Breed Reply announced today that its investee companies have attracted £150m in investments with over 30 institutional and industrial investors from across Europe, the United States and Asia co-investing with Breed Reply.
Some notable institutional co-investors include Accel, SOSV, MMC, Tikehau (Ace), Omnes, Sistema, Alliance Entreprendre and IQ Capital, while industrial co-investors have included NTT Docomo, MunichRe, Aviva, BNP Paribas, Sumitomo, Hyundai, Aquaspark, and Statkraft.
Emanuele Angelidis, Managing Partner of Breed Reply, said, “We are very pleased that our investee companies are able to attract such a considerable amount of investments from a string of notable co-investors, proving the very high quality of our portfolio.”
Emanuele Angelidis, added, “We are also delighted to already have two exits at this early stage in our fund, including the sale of Sentryo, one of our cybersecurity companies, to Cisco in August this year.”
Emanuele Angelidis, further added, “As we enter 2020, we will continue to focus on helping our portfolio succeed and grow their businesses and seeking out the right new investments. Next year will be particularly exciting for the IoT industry at-large as the 5G network continues to roll-out across Europe.”
(Source – Breed Reply)