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Mobile & Wireless

Sigfox raises EUR 15 million

Friday 28 March 2014 | 11:37 CET | News
French internet of things company Sigfox has raised EUR 15 million from new investors Idinvest Partners, FSN PME, BpiFrance managed fund "Fonds Ambition Numerique", and existing investors Elaia, Partech, Ixo Private Equity and Intel Capital. The capital increase will allow Sigfox to accelerate the deployment of cellular network internationally. Since it launched its network in France in June 2012, the company has been pursuing its deployment in several European countries. To reduce its financing needs to build a global network and to increase its coverage rapidly, Sigfox has created the Sigfox Network Operator (SNO) service, to join forces with a major actor in each country and to support its commercial development. It is present in the Netherlands, Russia and more recently partnered with telecom and automotive infrastructure company Abertis in Spain.

Categories: Mobile & Wireless
Companies: Sigfox
Countries: Europe / France
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