Actility raises $25m from Ginko Ventures et al.

The funding round, led by Ginko Ventures, will be used by the company to finance its expansion across the internet-of-things sector.

Actility intends to use the investment to support its ThingPark software, reported to be France's first nationwide wireless network, which allows devices to be transformed into connected objects. The system targets clients such as electricity providers, who apply the technology for energy efficiency purposes.

The capital increase comes two months after the company announced a partnership with Swisscom to finance the development of long-range, low-energy wireless solutions.

Fonds Ecotechnologies is backed by BPI France Investissement, Idinvest Partners and Truffle Capital. Launched in June 2012, it targets €1-10m capital injections into the renewables, green chemistry, smart grids and waste valorisation sectors alongside private investors. The fund was recently deployed in a €16m capital increase for French car rental service Drivy to acquire competitor Buzzcar.

Previous funding
The first funding round for Actility took place in October 2010, when Truffle Capital deployed €3m via its Truffle Capital Energy fund to assist the company in the launch of ThingPark.

In October 2012, Truffle was joined for a second €7m round by Electranova Capital and CDC Entreprises – the latter investing €3m, according to unquote" data.

Company
Established in 2011, Actility is an M2M communications developer. Its main product is ThingPark, a connected objects platform designed to decrease the electricity consumption by the industry during peak periods. The business is headquartered in Paris and employs 50 staff. 

People
Ginko Ventures was represented by associate director Dominique Pitteloud. Olivier Hersent is CEO and founder of Actility.

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• IDInvest Partners (AGF Private Equity)