Sigfox funding round
The round aims to accelerate its global network rollout in Europe, Asia and the Americas with the backing of international telecommunications operators (Telefónica, SK Telecom and NTT DOCOMO Ventures).
Sigfox is already present in France, Spain, the UK and the Netherlands.
Investors in the round include the Spanish operator Telefónica, Japan's NTT, the Korean SK Telecomthe Welsh industrial groups Air Liquide and GDFand the fund manager Elliot Management.
"Sigfox has completed two previous funding rounds, in 2012 and 2014. In its first funding round it raised a total of €10M. In 2014, Sigfox closed a further injection of €15M led by Idinvest, renowned venture capital in France, together with the public equity fund Ambition Numerique", says Diego Gutierrez of Abra Invest.
With the entry of groups such as Telefónica, NTT and SK Telecom, the technology company is accelerating its global expansion plan - it is already present in 60 countries - and is laying the foundations for a future IPO.
Sigfox
SIGFOX is the leading provider of mobile connectivity dedicated to the Internet of Things and M2M communications. SIGFOX complements existing high-bandwidth systems by offering cost-effective and energy-efficient bi-directional transmission of small amounts of data.
Sigfox manages to reduce the barriers to the establishment of Iot and M2M solutions, considerably extending the battery and lifetime of connected devices.
The SIGFOX global network is deployed through the SIGFOX Network Operator™ alliance programme, with more than two million square kilometres currently covered. The company is headquartered in Labège, France, with offices in Mountain View, California, and Madrid, Spain.
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