Japanese IoT-focused MVNO Soracom snags additional $5.8M funding for series B round



This is the abridged version from our original article in Japanese.

Japan’s MVNO (mobile virtual network operator) Soracom, which offers mobile data communication over its platform, announced today that it has fundraised about 600 million yen (about $5.8 million) from Pavilion Capital, the private equity fund of Singapore’s state-backed Temasek Holdings.

Coinciding with this funding, the company announced that it will set up a local subsidiary called Soracom International in Singapore. In partnership with Mitsui & Co., which participated in the previous $22 million series B funding round, Soracom is ready now to boost its global expansion efforts. The Internet of Things(IoT)-focused MVNO will start this thrust from the Asian market.

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Translated by Masaru Ikeda
Edited b “Tex” Pomeroy