Movandi Raises $40M Strategic Growth Round Led by ITHCA Group

Deal Summary

Movandi raised $40 million in strategic funding to accelerate global deployment of high-performance connectivity across 5G, satellite communications, and fixed wireless access. The $20M-led round by ITHCA Group included Phaistos Investment Fund, VT Alliance, Murata, and existing backers Cota Capital, Celesta Capital, DNX Ventures and Sierra Ventures.