Frank Phuan joins UnaBiz's Pre-Series C Round and appointed as Board of Director

Renowned sustainability leader and co-founder of Sunseap Group partners with UnaBiz to drive ESG-driven IoT Innovation.

SINGAPORE, Dec. 3, 2024 /PRNewswire/ -- UnaBiz, a global leader in Massive IoT solutions, is thrilled to announce a strategic investment from Frank Phuan in its Pre-Series C funding round. Frank, a visionary in sustainable energy and Co-Founder of Sunseap Group, one of Southeast Asia's largest clean energy solutions providers, brings not only his financial support but also his expertise as he joins UnaBiz's Board of Directors. This partnership is set to amplify UnaBiz's impact on global ESG initiatives.

This exciting development comes on the heels of UnaBiz successfully closing the first tranche of its pre-Series C funding round, backed by prominent Japan-based investors KDDI Global Innovation Fund 3 and Kyocera Communications System Co. Ltd, in August this year. Over the past two years, UnaBiz has achieved remarkable milestones, including over 10x growth in recurring revenue, and the addition of over 5 million new devices to the global 0G Network, powered by the Sigfox 0G technology UnaBiz now owns. This makes UnaBiz the largest unlicensed LPWAN network globally, with over 14 million connected devices.

Frank Phuan brings a wealth of expertise in renewable energy and sustainability to UnaBiz, both as an investor and Board Member. As the Co-Founder of Sunseap Group and the Co-Chair of the Sustainability Alliance of multiple Trade & Associations in Singapore, Frank has been at the forefront of driving solar energy adoption and sustainable development across the region. Under his leadership, Sunseap expanded its presence across multiple markets, delivering innovative renewable energy projects and playing a pivotal role in shaping the green energy landscape. His extensive experience in ESG strategy and green technology makes him a valuable addition to UnaBiz's Board of Directors.

Frank Phuan shared his vision and enthusiasm for joining UnaBiz's Board of Directors: "With their core technology Sigfox, UnaBiz is one of the rare deep tech companies that drive significant ESG impact through their innovative IoT solutions, especially in the energy and utilities sector. Their solutions not only deliver sustainable economic and environmental value but also help accelerate their customers' journey towards net zero. Joining UnaBiz's Board allows me to contribute directly to their mission of enabling global net-zero goals while fostering innovation. I look forward to supporting their growth journey and the significant impact they are poised to make."

Henri Bong, CEO & Co-Founder of UnaBiz, highlighted the company's commitment to sustainability and its deep ties to Singapore: "Singapore has always been at the heart of UnaBiz's mission, serving as both our innovation hub and a benchmark for sustainable urban development. It is where our journey began and continues to inspire our drive for impactful solutions. As an accredited participant in the Infocomm Media Development Authority's (IMDA) Accreditation Programme, UnaBiz reinforces its capability to lead in digital innovation, delivering IoT solutions that enhance efficiency for government institutions and large enterprises while contributing to a greener future. With Frank Phuan's extensive ESG expertise, we are excited to strengthen our capabilities locally, fostering green innovation and scaling our efforts to create a smarter and more sustainable future."

UnaBiz continues its commitment to transforming industries and driving sustainable change in key sectors, including Utilities, Supply Chain & Logistics, Building & Facilities Management, and Security.