Teli is the third managing partner of the business, alongside founders Bill Earner and Pietro Bezza.

The round included backing from existing investor, clean tech asset management group I2BF and SC Green Tech Ventures, an investment arm of Sumitomo Corporation.

The France-based machine-to-machine cellular network operator backed by Intel Capital raises its B round with backing from venture firms including Partech.

Thomas Whiteaker's move to leave as head of the Hartford's corporate venturing unit for Spain's BBVA, reunites him with former Visa colleague Jay Reinemann.

The nine finalists of Wayra Germany are detailed by the Spain-based telecoms group.