
Elaia Partners et al. in €4.5m round for Uwinloc
A consortium of investors has backed Uwinloc, a France-based provider of batteryless asset location technology.
French GPs Elaia Partners, Ace Management, Galia Gestion and M-Capital Partners took part in the round.
The investment is Elaia's fifth in 2018 according to Unquote Data, having recently backed Geoblink, Armis and Tinyclues, and reinvested in Ornikar.
The company will use the funds to accelerate its international growth and develop new products.
Company
Founded in 2015, Uwinloc provides a batteryless tracking technology that can locate goods and tools. The product is used in the manufacturing, logistics, retail and healthcare sectors. The business employs a workforce of 40, of which 50% focuses on R&D, and is based in Colomiers.
People
Uwinloc – Éric Cariou (managing director); Jan Mennekens (CTO).
Elaia Partners – Marc Rougier (partner).
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