Singapore government investment arm EDBI leads $45m Series C financing in Greenwave Systems

Credit: Flickr/epSos.de

Greenwave Systems, the global Internet of Things (IoT) software company has raised $45 million in its Series C financing round in two phases from Singapore based entities. The first phase was led by EDBI, the corporate investment arm of the Singapore Economic Development Board, while Singapore Technologies Telemedia (STT), invested in the second phase, and the two investors from the city-state constituted the majority portion of the entire Series C round.

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