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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