Eagle Wireless Raises $30M In Series B Funding

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How much did Eagle Wireless raise in its Series B round?

Eagle Wireless secured $30 million in a Series B funding round, led by Asymmetric Capital Partners and The O.H.I.O. Fund, bringing the company’s total capital raised to $44 million. The investment aims to accelerate research and development, advance the 5G technology roadmap, and expand into U.S. based full device production, positioning the company amid the global shift from 4G to 5G connectivity.

What is Eagle Wireless?

Eagle Wireless, headquartered in Solon, Ohio, emerged from the 2025 acquisition of Wireless Mobility by Eagle Electronics, with the combined entity rebranded to reflect its expanded global footprint. The company specializes in secure, high performance cellular modules for IoT and automotive applications, operating across North America, Europe, and APAC. Leadership includes CEO Norbert Muhrer, Co-Founder and President TJ Dembinski (formerly of Drive Capital), and Co-Founder and Chairman Mark Kvamme (also Founder and CEO of The O.H.I.O. Fund).

The Series B builds on a $14 million Series A round in December 2024, which funded the establishment of a state of the art manufacturing facility in Solon. Of the latest $30 million, $25 million came from The O.H.I.O. Fund, marking one of its largest investments. Funds will prioritize R&D expansion, 5G advancements, and transitioning from module production to full device manufacturing in the U.S., enabling faster product deployment for customers.

Eagle Wireless, a pivotal player in the evolving landscape of cellular connectivity, has recently closed a significant Series B funding round that underscores its strategic importance in the U.S. technology sector. The $30 million investment was co-led by Asymmetric Capital Partners and The O.H.I.O. Fund, with the latter contributing $25 million in what represents one of its most substantial commitments to date. This brings the company’s total capital raised to $44 million, following a foundational $14 million Series A round in December 2024. The funding arrives at a critical juncture, as global industries transition from 4G to more advanced 5G networks, and regulatory pressures mount to diversify away from foreign dominated supply chains.

The company’s origins trace back to Eagle Electronics, founded in 2024 with an initial focus on high tech electronics manufacturing. In December 2025, Eagle Electronics acquired Wireless Mobility, a firm specializing in wireless solutions, leading to the rebranding as Eagle Wireless and the integration of global R&D capabilities across North America, Europe, and the Asia-Pacific region. This merger not only expanded the company’s engineering depth but also positioned it as the sole Western aligned provider of scalable, secure cellular modules tailored for both IoT and automotive markets. Headquartered in Solon, Ohio, with additional operations in Glenwillow, Eagle Wireless now employs around 29 people and emphasizes U.S. based manufacturing to comply with stringent security and compliance standards.

Leadership at Eagle Wireless combines entrepreneurial vision with deep industry expertise. CEO Norbert Muhrer, who joined through the Wireless Mobility acquisition, has emphasized the funding’s role in validating the company’s long term strategy amid the 5G shift. Co-Founder and President TJ Dembinski, a former partner at Drive Capital with experience in scaling tech ventures, highlights the extension from modules to full device solutions as a key growth driver. Chairman Mark Kvamme, concurrently leading The O.H.I.O. Fund, views the investment as a means to bolster domestic technology infrastructure and reduce supply chain vulnerabilities.

The Series B funds are earmarked for targeted initiatives that align with market demands. Primarily, they will fuel expanded research and development efforts to refine 5G technologies, ensuring customers access cutting edge connectivity for industrial, commercial, and vehicular applications. A significant portion will support the company’s pivot into full device production within the U.S., building on existing module platforms and customer relationships to streamline development and deployment.

Financially, Eagle Wireless is on an upward trajectory. The Series A round, led by The O.H.I.O. Fund with participation from Asymmetric Capital Partners, enabled the setup of a state of the art facility in Solon in partnership with CO-AX Technology, marking a commitment to onshoring advanced supply chains. Post merger, the company anticipates over $100 million in module run-rate revenue in the coming year, signaling robust demand and operational momentum. The following table outlines the company’s funding history:

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The investors bring complementary strengths. Asymmetric Capital Partners, a venture firm focused on early stage disruptions in high value markets, includes Eagle Wireless in its portfolio alongside companies in software and hardware sectors. Their involvement provides operational support in areas like go to market strategies and hiring. The O.H.I.O. Fund, a private investment adviser dedicated to Ohio’s economic growth, has raised $356 million across its funds and invested in 30 opportunities spanning manufacturing, biotech, and infrastructure. This fund’s emphasis on local traction aligns with Eagle Wireless’s Ohio roots, potentially fostering synergies with other portfolio entities.

In the broader market context, Eagle Wireless operates in a sector projected to grow amid the 5G rollout and IoT proliferation. The push for supply chain resilience favors domestic manufacturers. However, challenges include intense competition from established players, the technical complexities of 5G integration, and the need for sustained innovation to meet evolving compliance requirements. Social media buzz around the funding has been positive, with announcements highlighting its role in boosting U.S. innovation and R&D.

This funding not only validates Eagle Wireless’s model but also contributes to national priorities in technology independence and economic development. By extending beyond modules into comprehensive device solutions, the company is well placed to capture market share, create jobs in Ohio, and drive long term value for stakeholders.

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