Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate has invested strategically in Telna. As a leader in eSIM connectivity solutions, Telna makes it easier for mobile devices to seamlessly transition between carrier networks, eliminating the need for physical SIM cards and enhancing global connectivity.
Telna, based in Toronto, Canada, offers an innovative software management platform and a robust data connectivity network that integrates with over 800 telecom carriers globally. And Telna’s solutions deliver reliable connectivity for consumer roaming and enterprise IoT sectors, leveraging eSIM technology for global mobile network access. Gemspring’s funding will enable Telna to accelerate product development and expand its international footprint.
KEY QUOTES:
“I am thrilled to partner with the Gemspring team and believe that their expertise, knowledge of our space, and network of advisors will help us continue scaling the business. The eSIM market is growing at an unprecedented pace, driven by the shift from physical SIMs to software-defined SIMs in mobile devices. We look forward to enhancing our product offerings and deepening our value proposition for customers.”
- Gregory Gundelfinger, CEO of Telna
“Telna has established itself as a technology leader in the rapidly expanding eSIM market. Its innovative solutions deliver significant ROI for enterprises worldwide, meeting the growing demand for robust network connectivity with a purpose-built eSIM management platform. We are excited to partner with the Telna team to further enhance its market leadership through organic growth and strategic acquisitions.”
- Michael Fan, Principal at Gemspring
