Mavenir Raises $155 Million of Capital to Accelerate Investments in Strategic Growth Products
RICHARDSON, TX, October 4th, 2022 – Mavenir, a U.S.-headquartered provider of end-to-end, cloud-native mobile network software, today announced the closing of a $155 million capital raise. The transaction brings total strategic capital raised since July 2022 to $250 million. The financing, which supports Mavenir’s innovation-focused strategy, meaningfully strengthens the Company’s balance sheet to enable continued investment in strategic growth products.
Pardeep Kohli, President and CEO of Mavenir, commented: “With the support of our long-term partners, Siris and KSP, and this additional capital, we are well-positioned to execute on our vision of transforming how the world connects and building the future of networks. With Mavenir’s end-to-end, cloud-native, 5G software platform, we are uniquely positioned to drive the digital transformation of mission-critical mobile networks that is underway. We will continue to lead the 5G transformation by investing in disruptive products to accelerate innovation in mobile networks.”
“Mavenir continues to be an industry leader at the forefront of revolutionizing the mobile network, and this investment will further accelerate the Company’s participation in the massive digital transformation opportunity as the leader in 5G,” said Hubert de Pesquidoux, a Siris Executive Partner and Executive Chairman of Mavenir. “I am confident that this investment will enhance Mavenir’s already exciting trajectory as the leader in 5G transformation.”
Siris, a leading technology focused private equity firm, will remain the majority equity holder alongside material minority investor Koch Strategic Platforms, a subsidiary of Koch Industries.