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Wireless

Actility raises USD 75 million

Thursday 13 April 2017 | 10:32 CET | News
Low Power Wide Area Network (LPWAN) provider Actility has raised USD 75 million in a Series D funding round which saw the participation of several existing investors (Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom and Foxconn), alongside new investors including Creadev, Bosch and Inmarsat. The company said that the funding round was achieved without involving banks. Additional investors are expected to participate to a second closing later in April in support of the over-subscribed capital increase. The new

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Categories: Mobile & Wireless
Companies: Actility / Foxconn / Inmarsat / KPN / Orange / Swisscom
Countries: France / World
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