Tosibox secures €5 million from Nexit Ventures and 3TS Capital Partners.

Tosibox, an Oulu, Finland-based provider of easy and secure remote connectivity solutions (IoT), announced completing a €5 million ($5.8M) funding round. The money was raised from investors including Nexit Ventures and 3TS Capital Partners. Proceeds will be used for international growth in the US and other key markets and roll out new software products and business models Tosibox, founded in 2011 by Veikko Ylimartimo and led by CEO Kaija Sellman, offers an easy and secure remote connectivity solution widely utilized in building and industrial automation, as well as in the security sector. The solution, enables secure IoT connectivity, remote maintenance and network management. Tosibox previously raised funding from the Italian from SBS S.r.l in 2019.