Expeto Wireless raises $4 mln in Lavrock-led Series A round

Expeto Wireless Inc has secured close to $4 million in a Series A financing. The round was led by U.S. venture capital firm Lavrock Ventures with participation from existing Canadian investors Evok Innovations and Mistral Venture Partners. Based in Victoria, British Columbia and San Francisco, Expeto's platform helps businesses manage internet-of-things deployments over 4G-LTE networks while maintaining their security protocols. Founded in 2015, the company is led by CEO Ryley MacKenzie. The funds raised will be used by Expeto to expand engagements with natural resource companies and further develop its partnerships with cellular providers.

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