Early-stage venture capital firm Stormbreaker Ventures announce a strategic investment in Global Telecom Engineering, a hardware and software engineering company in the chip, modem, and module space driving the next generation of connectivity innovation. This investment serves as Stormbreaker’s inaugural contribution to Fund II and it aligns with the expertise and collaboration of strategic limited partner Thermo Companies.
Global Telecom Engineering is specializes in manufacturing hardware for fixed wireless and IoT solutions, which powers wireless connectivity advancements. Stormbreaker Ventures led this investment round, while recognizing the team’s growth potential especially with a geopolitical climate with heightened attention on digital security.
In a pioneering move with its limited partners, Stormbreaker collaborated with Thermo Companies to enable the Global Telecom Engineering investment. Thermo Companies presented this opportunity to Stormbreaker, expressing confidence in the company’s ability to conduct thorough due diligence and support Global Telecom Engineering. Plus, Thermo Companies also directly invested in Global Telecom Engineering as well.
KEY QUOTES:
“Stormbreaker is thrilled to partner with Global Telecom Engineering, a company that perfectly aligns with our thesis that technology for the connected ecosystem is the bedrock of innovation more broadly. Our high conviction in Global Telecom stems from the team’s experience building and exiting companies and expertise in chip, modem, and module manufacturing.”
- Glenn Lurie, Partner at Stormbreaker
“We selected Stormbreaker as a partner due to its domain knowledge and extensive network within the wireless and mobility sector. The timing of this investment is paramount for Global Telecom Engineering, allowing us to accelerate our growth and make a meaningful impact on global safety.”
- Ahmad Malkawi, CEO of Global Telecom Engineering
“Our unified strength stems from Thermo Companies’ knack for identifying opportunities, combined with Stormbreaker’s expertise in vetting and selecting companies within the wireless ecosystem. Their approach to Limited Partner engagement, especially regarding co-investment opportunities, is notably forward-thinking.”
- Kyle Pickens of Thermo Companies
