Cubic Telecom’s $40 Million Round Funding

Veirano Advogados, A&L Goodbody and Arthur Cox advised on the transaction

Cubic Telecom, a global Internet of Things (IoT) connectivity platform company, today announced the close of a €40M Series C investment round. The new investment, which brings the total funding to €75M, is funded by four participants, including previous investors Qualcomm Incorporated and Audi Electronics Venture GmbH, a subsidiary of AUDI AG. New investors include Valid Soluciones Tecnologicas SAU and Ireland Strategic Investment Fund (ISIF).

Cubic provides mobility solutions that power connectivity for leading IoT, machine-to-machine (M2M) and connected device companies across the globe, and is paving the way for autonomous vehicle technologies and innovative LTE connectivity solutions to become mainstream. Cubic’s global tier-one network delivers best-quality, high-speed 4G LTE voice and data services in partnership with over 30 mobile operators spanning more than 180 countries. The company counts some of the world’s leading original equipment manufacturers (OEMs), technology and automotive companies as customers, including Audi, VW Group, Porsche, HP, Lenovo, Panasonic, Rakuten, Woolworths and Qualcomm Technologies, a subsidiary of Qualcomm Incorporated.

Arthur Cox advised Cubic Telecom Limited with Maura McLaughlin (Picture), Christopher O’Reilly, Maeve Moran, Dannie Hanna and Mary O’Dwyer.

In Brazil, Veirano advised Valid Soluciones Tecnológicas S.A.U. and Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. with Carlos Alexandre Lobo, Guilherme Ohanian Monteiro and Eduardo Campello G. da Silveira.

In Ireland, A&L Goodbody advised Valid Soluciones Tecnológicas S.A.U. and Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. with John Coman, Louise McAuliffe, Conor McEneaney, Shane Collins and Aisling McDonnell.

 

Involved fees earner: Carlos Alexandre Lobo e Silva – Veirano Advogados; Guilherme Ohanian Monteiro – Veirano Advogados; Eduardo Campello da Silveira – Veirano Advogados; John Coman – A&L Goodbody; Louise McAuliffe – A&L Goodbody; Shane Collins – A&L Goodbody; Aisling McDonnell – A&L Goodbody; Conor McEneaney – A&L Goodbody; Maura McLaughlin – Arthur Cox; Maeve Moran – Arthur Cox; Dannie Hanna – Arthur Cox; Christopher O’Reilly – Arthur Cox;

Law Firms: Veirano Advogados; A&L Goodbody; Arthur Cox;

Clients: Cubic Telecom Limited; Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A ; Valid Soluciones Tecnológicas S.A.U.;

 

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Author: Ambrogio Visconti.