November 28, 2016
French IoT start-up SIGFOX has secured a €150 million round of financing from a group of investors.
The Internet of Things (IoT) start-up SIGFOX has announced that it has secured a €150 million round of financing from a group of investors, including some of its existing shareholders. Willkie’s Paris office advised existing shareholder Elliott Management as one of the financial sponsors in the transaction, which is being cited as the second-largest financing round to date for a start-up in France. SIGFOX will use the new equity round to accelerate its worldwide network roll-out. This is the fourth financing round for SIGFOX, and presumably the last one before its IPO in 2018.
SIGFOX is the leading supplier of connectivity solutions dedicated to the IoT. The company has built an international network capable of connecting billions of objects to the Internet while reducing energy consumption, with ease.
The Willkie team was led by partner Eduardo Fernandez and included associates Virginie Sayag and Georges Balit.
