A Plus and Capital Export in €5.2m round for Adeunis RF

Both GPs had already invested in the business through previous rounds; A Plus entered the group in 2011 and Capital Export in 2014. This new round enables them to become joint majority shareholders in it, with more than 50% of shares overall. 

Adeunis simultaneously announced a €1m debt package had been put in place, co-arranged by Banque Rhône-Alpes, BNP Paribas and Crédit Agricole.

With 15% of its sales currently made abroad, the group will pursue its international rollout and keep investing in the development of its technologies, a company statement said. 

Previous funding 
In 2011, the group received €2.1m of funding from A Plus Finance, followed by a second €2.5m round led by Capital Export in September 2014. The latest round brings the total raised by the startup to €9.8m.

Company
Established in 1993 and based in Crolles, near Grenoble, Adeunis RF manufactures radio frequency modules and devices to connect objects wirelessly.

The group's product offering includes ready-to-use products intended for the machine-to-machine (M2M) and IoT markets. The company's customers operate within the industry, energy, transportation and sports sectors. 

Adeunis RF currently generates €10m in revenues. 

People
A Plus Finance – Alexandre Villet (investment director).
Capital Export – Jean-Mathieu Sahy (president). 

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