Battery Ventures Invests €33.5M in Proemion
October 24, 2022
Battery Ventures has made a €33.5 million growth investment in Proemion, the Germany-based provider of hardware-enabled telematics and cloud software for mobile machines. The capital will be used to accelerate international expansion, broaden Proemion’s telematics platform and pursue acquisitions; Battery partners have joined Proemion’s board as part of the transaction.
- Buyers
- Battery Ventures
- Targets
- Proemion
- Industry
- Cloud & SaaS
- Location
- Hesse, Germany
- Transaction Type
- Growth capital
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