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Wireless

Sigfox raises EUR 150 mln to expand LPWA networks

Friday 18 November 2016 | 12:20 CET | News
Sigfox, the French company behind the roll out of LPWA networks for the IoT, has raised another EUR 150 million to support its global expansion. Alto Invest, Salesforce Ventures, Henri Seydoux, Swen CP, Tamer Group and Total are new investors, and existing shareholders Bpifrance, Elliott, Intel Capital, Air Liquide, Idinvest Partners and IXO also participated in the Series E round. The new funding will help the company reach its target of a network in 60 countries by 2018 and to reach financial breakeven.

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Categories: Mobile & Wireless
Companies: NTT DoCoMo / Parrot / Salesforce / Sigfox / SK Telecom / Telefonica
Countries: World
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