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Teal Communications

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Teal provides seamless connectivity for IoT

Seattle, United StatesFounded 2018eCommerce & Marketplaces

Valuation $100–250M Last recorded · 2023

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Teal Communications

Teal Communications provides a groundbreaking eSIM platform that allows any IoT (Internet of Things) device to connect to over 2,000 cellular networks across 195 countries. This platform eliminates the need for roaming by automatically selecting the best network based on variables such as price, coverage, and quality. Teal's solution is designed to be scalable and adaptable, supporting 2G, 3G, 4G, LTE-M, NB-IoT today, and 5G in the future. The eSIM can remain in a device for its entire lifecycle, up to 15-20 years, without requiring physical maintenance, even as the device moves globally. Teal serves a wide range of clients, including enterprises and organizations that deploy IoT devices worldwide. The company operates in the global IoT connectivity market, offering a subscription-based business model where clients pay for access to the eSIM platform and its connectivity services. Revenue is generated through subscription fees and potentially additional charges based on data usage or premium features.

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At a glance

Status: Operational
Founded: 2018
Headquarters: Seattle, United States
Employees: 56
Open positions: 3
Dealroom signal: 78.3/100
Industry: Telecom
Sector: eCommerce & Marketplaces, Telecommunications, Network Security, Hard Tech
Technology: Hardware, IoT InternetOfThings
Business model: Marketplace & ecommerce
Client focus: b2b
Links: Website LinkedIn X

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	Dec 2023	$5.3M	$100M	Undisclosed	↗
SERIES A✓Equity / VC	Mar 2022	$11M	$100M	Capital Eleven · Stage dot O · Disrupt Technology Venture	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022
2021		—

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Growth signals

Teal Communications website traffic

Latest recorded traffic for Teal Communications is 5.3K monthly website visits, down 10.2% over the last three months. Teal Communications's team grew 9.8% over the past year.

Latest monthly visits5.3K 3-month web change-10.2% 1-year team growth+9.8%

Monthly website visitsDec 2018–Jul 2026

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Open positions

Openings linked to this company in Dealroom

HR Generalist & Recruiting LeadKirkland, Washington, United States, Northern America, Americas · Human Resources · Aug 19, 2026 Director, Carrier PartnershipsKirkland, Washington, United States, Northern America, Americas · Logistics · Aug 19, 2026 Principal Software ArchitectKirkland, Washington, United States, Northern America, Americas · Backend Development · Jul 7, 2026

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Closest operating peers by Dealroom taxonomy

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