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Wireless

Sigfox preparing EUR 100 million funding round

Friday 5 December 2014 | 13:32 CET | News
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French Internet of Things wireless network operator Sigfox is expected to raise EUR 100 million in the next few weeks in an operation valuing the company for close to EUR 1 billion, according to Le Figaro. "Investors are very interested," said founder and CEO Ludovic Le Moan. The money will be raised to pursue the global rollout of the company's network. Already present in Spain, the UK and the Netherlands, Sigfox aims to grow its presence in Europe and now targets Asia and the US. Investors from Korea and Singapore are reportedly ready to join the capital increase alongside existing French,

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Categories: Mobile & Wireless
Companies: Sigfox
Countries: France
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