Tech Company Financing Transactions
RiPSIM Technologies Funding Round
RiPSIM Technologies, operating out of Ashburn, secured $5 million from Ten Eleven Ventures and private investors.
Transaction Overview
Company Name
Announced On
10/29/2024
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Ten Eleven Ventures (Lead Investor) (Malte Pollmann)
Proceeds Purpose
This investment will fuel the expansion of RiPSIM's eSIM-as-a-Service management platform, a novel solution modernizing the eSIM generation and delivery process.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
20110 Ashbrook Pl 125
Ashburn, VA 20147
USA
Ashburn, VA 20147
USA
Phone
Undisclosed
Website
Email Address
Overview
RiPSIM Technologies has developed the world's first software-defined, end-to-end eSIM ecosystem to enable wireless service providers and 4G/5G private network operators to design, develop and deliver digital SIMs (aka "eSIMs") at any time, in any quantity, for any device, and at the highest security level in the wireless industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Scott Marquardt
Chief Executive Officer
Chris Jahr
Chief Financial Officer
Bill Peters
Chief Technical Officer
Ricardo Cavero
VP - Engineering
Hoang Nguyen
VP - Product Management
Yongjia Li
VP - Sales
Juan Lazcano
Browse more venture capital transactions:
Prev: 10/29/2024: GMI Cloud venture capital transaction
Next: 10/29/2024: Table22 venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We document every notable VC transaction. VC transactions on this site come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs