Intel et al. in €10m round for Sigfox

Intel reportedly provided 35% of the round. iXO, Elaia and Partech invested a joint €2m in Sigfox in 2011.

The fresh capital will be used to deploy Sigfox's extra-low throughput network across France.

Company
Established in 2009, Sigfox specialises in machine-to-machine and Internet of Things communication technology. Its ultra-low throughput network uses free frequency radio bands to transmit data over a very narrow spectrum to and from connected objects.

The Toulouse-based company employs around 100 staff and generates a €2m turnover.

People
Marcos Battisti and Stéphane Goubeau represented Intel on the deal. Philippe Gire led the transaction for Elaia. iXO and Partech were represented by Jean-Luc Rivière and Jean-Marc Patouillaud respectively.

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• Topics
• France
• Expansion
• Technology
• France
• Intel Capital
• iXO Private Equity