Internet of Things Startup SIGFOX Raises Record $115 Million in Financing

February 12, 2015

Willkie Represents Elliott Management in largest VC financing round to date in France. 

SIGFOX, the provider of a cellular network dedicated to the Internet of Things, announced it has secured a $115 million round of financing from a group of investors that included Willkie client Elliott Management Corporation.

Willkie’s Paris office represented Elliott Management as a leading financial sponsor in the transaction, which is being cited as the largest financing round to date for a start-up in France. Other investors included international telecom operators and industrial partners.

SIGFOX will use the new equity round to accelerate its worldwide network roll-out in Europe, Asia and the Americas. The company currently operates in France Spain, the United Kingdom and the Netherlands, and is scheduled to deploy soon in the United States.

Willkie’s Paris deal team was led by partner Eduardo Fernandez.