Eagle Wireless Secures $30 Million Series B Funding to Propel U.S. R&D and Device Production

Eagle Wireless Secures $30 Million in Series B Funding

Eagle Wireless, a prominent cellular module manufacturer based in the United States, recently announced a significant achievement by closing a $30 million Series B financing round. This round was led by Asymmetric Capital Partners and The O.H.I.O. Fund, bringing the company's total fundraising to $44 million to date. The fresh injection of capital is poised to position Eagle at the forefront of the evolving global connectivity landscape, which is rapidly transitioning from 4G to 5G technology.

As a unique player in the market, Eagle Wireless serves both the Internet of Things (IoT) and automotive sectors, delivering scalable and highly secure connectivity solutions across a range of industrial and commercial applications, as well as vehicular platforms. The company plans to utilize the funds acquired through this financing to amplify its research and development efforts, enhance its roadmap for 5G technology, and underpin its strategy to expand into full-scale U.S.-based device production. This move is expected to leverage the existing cellular module platforms and capitalize on established customer relationships.

CEO of Eagle Wireless, Norbert Muhrer, described the Series B funding as a pivotal milestone that validates the company's long-term strategic vision. He emphasized the importance of this investment in response to the increasing connectivity demands that come as the industry transitions to 5G. Muhrer stated,
"We are committed to investing deeply in R&D to ensure our customers have access to best-in-class connectivity solutions across both IoT and automotive applications."

In light of escalating complexities in connectivity requirements, there is a noticeable shift among customers towards seeking reliable partners who can provide not just essential components but entire, market-ready devices. Eagle Wireless’s initiative to broaden its reach into U.S.-based device manufacturing marks a significant evolution in its service offering. By combining its extensive experience in cellular modules with domestic manufacturing capabilities, the company aims to expedite product launches for its customers while enhancing supply chain reliability—a vital aspect in today's manufacturing landscape.

Co-Founder and President of Eagle Wireless, TJ Dembinski, reflected on their journey, noting that enhancing customer relationships has always been a priority. He said, "From day one, we've focused on building durable customer relationships through the cellular module. This raise allows us to extend that value beyond modules and into full-device solutions, helping customers simplify development, accelerate deployment, and meet the increasing demands of 5G connectivity."

The Series B financing was co-led by returning investors, underscoring their confidence in Eagle Wireless's execution strategy, technical expertise, and growth trajectory. Mark Kvamme, Co-Founder and Chairman of Eagle Wireless, reiterates the strategic value of this funding by highlighting the company's role in strengthening domestic technology and manufacturing capabilities. He stated,
"Eagle is helping customers reduce supply chain risks while building critical connectivity infrastructure here at home."

Founded only in 2024, Eagle Wireless has transformed into a rapidly growing enterprise, fueled by the start of its production operations in Ohio in July 2025. As production ramps up, the company anticipates generating over $100 million in committed run-rate revenue within the next 12 months, solely from the module market. Additionally, by leveraging its ties with elite customers, Eagle Wireless aims to provide even greater value through its device production and design services.

Sam Clayman, a Partner at Asymmetric Capital Partners, dissected the strategic advantages of Eagle Wireless by saying, "They have built a rare platform at the intersection of IoT, automotive, and next-generation connectivity. Their ability to transition from a leading module supplier into a full-device partner creates a compelling growth opportunity. We are thrilled to support the team through this next phase."

With the recent funding, Eagle Wireless is positioned to strengthen its status as the leading Western module vendor. The company is dedicated to accelerating the development of next-generation 5G solutions and expanding its influence as a trusted U.S.-based partner for clients deploying connected devices on a large scale.

For more information or to get in touch with the Eagle Wireless team, visit eaglewireless.com.

About Eagle Wireless

Eagle Wireless specializes in global IoT products and manufacturing services, with a presence in North America, Europe, and Asia-Pacific. The company is committed to delivering dependable wireless and manufacturing solutions that foster secure supply chains across IoT and automotive industries.

About Asymmetric Capital Partners

Founded in 2021, Asymmetric Capital Partners is an early-stage technology investment firm dedicated to supporting founders with expertise and operational backing. Their investments concentrate on disruptive technology-driven companies from Pre-seed to Series A stages.

About The O.H.I.O. Fund

The O.H.I.O. Fund is focused on investing in innovative entrepreneurs and businesses in Ohio, aiming to promote growth in sectors where the state excels, including advanced manufacturing and biotech.