Fleet Space’s $7.35M Series A round to help double work force, add capacity to meet existing customer IoT demand

by Peter B. de Selding

PARIS — Startup satellite IoT/M2M service provider Fleet Space of Australia has raised $7.35 million in Series A financing from venture-capital investors and will use it to double its work force and meet the demand from the 2 million LoRaWAN devices on Fleet’s waiting list as part of its Project Galaxy.

The company is offering service to devices at $10 per device per year. It is already servicing 1 million.

Fleet’s Series A of 10.8 million Australian dollars followed an earlier round . . .

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