Sigfox, a provider of wireless connectivity services for the IoT, has announced a €150 million close of its Series E financing. New investors such as Salesforce, Total, Alto Invest and Swen CP will join existing investors including Bpifrance, Elliott, Intel Capital, Air Liquide, Idinvest Partners and IXO in backing the round.
Founded in 2009 and based in France, Sigfox offers a global network designed to complement existing connectivity systems and enable energy-efficient, two-way transmission of small quantities of data over long distances. The company’s overall goal is to lower barriers for a wider implementation of IoT products. Sigfox has now raised nearly €280 million in funding, including a €100 million round in February 2015 at a $178 million valuation.
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Here’s a look at Sigfox’s previous financing history, along with valuations associated with each round:
December 2010: €2.05M round | €4.3M valuation
September 2012: €10M | €20.8M
March 2014: €15M | €42.5M
February 2015: €100M | €178M
Get more info about Sigfox in the company’s free profile
Article by PitchBook