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Ukkoverkot

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The European market leader in Edge Connectivity solutions

Helsinki, FinlandFounded 2014Telecom
Valuation $25–50M Last recorded · 2015
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Ukkoverkot

Ukkoverkot, founded in Helsinki in 2014 by Antti Pellinen, Kari Lehtinen, and Mikko Uusitalo, established itself as a specialized mobile data operator in Finland. The company focused on providing wireless telecommunication services for demanding user groups such as corporations and government authorities, deliberately omitting voice and SMS services to concentrate purely on data. It operated a nationwide 4G LTE mobile data network utilizing the 450 MHz spectrum, which ensured broad coverage, including remote areas, reaching 99.9% of the mainland Finnish population.

The company's business model centered on delivering reliable, secure, and high-performance mobile data solutions. It served a clientele that required robust connectivity for business-critical operations, including industrial IoT applications, public safety, and infrastructure operators. Ukkoverkot provided both a country-wide network service and tailored high-speed mobile network solutions for smaller, specific coverage areas. This strategy positioned it as a key infrastructure provider for the increasing digitalization across various industries. Clients included prominent names like Konecranes, Sandvik, Finavia, and the Finnish Defense Forces.

A significant milestone in the company's journey was its strategic evolution and rebranding. In March 2020, Ukkoverkot rebranded to Edzcom to reflect its growing international ambitions and its focus on private wireless networks and edge connectivity. This move coincided with an expansion strategy into markets like the UK and France. The company's trajectory of growth and specialization led to its acquisition by the Spanish telecom infrastructure operator Cellnex Telecom in July 2020. Even after the acquisition, Edzcom continued to operate under its new brand and with its existing leadership. Further demonstrating its value and position in the market, the Edzcom business was later acquired from Cellnex by Boldyn Networks, a transaction completed on March 1, 2024, integrating it into a global neutral host provider.

Source: Dealroom company data

At a glance

Founded
2014
Headquarters
Helsinki, Finland
Sector
Telecom

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A6 investors entered at this stage

  • Veritas Venture Capital
  • Finnvera Venture Capital
  • Bocap
  • Alcom
  • Finnvera
  • Springvest
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇫🇮 Finland · Helsinki HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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