What is Primo1D?
Founded in 2013, Primo1D specializes in the development and production of embedded RAIN RFID (Ultra High Frequency Radio Frequency Identification) tags. These tags are designed for integration into smart objects, enabling enhanced tracking, identification, and data management capabilities across various industries. The company's focus on embedded solutions positions it as a key player in the burgeoning market for connected devices and smart manufacturing, providing critical components for supply chain visibility, asset tracking, and industrial automation.
How much funding has Primo1D raised?
Primo1D has raised a total of $21.2M across 2 funding rounds:
Angel/Seed
$3.9M
Other Financing Round
$17.3M
Angel/Seed (2014): $3.9M with participation from France Angels, Rhu00f4ne-Alpes Creation Vivu00e9ris Venture, Cru00e9dit Agricole Sud Rhu00f4ne Alpes, iSource LPs, and Sofimac Partners
Other Financing Round (2021): $17.3M, investors not publicly disclosed
Key Investors in Primo1D
France Angels
France Angels is a network dedicated to connecting investors with promising startups, providing crucial mentorship and funding to foster entrepreneurial growth across France.
Rhône-Alpes Creation Vivéris Venture
Rhône-Alpes Creation SA operates within the venture capital and private equity sector, supporting the growth of innovative companies in the Auvergne-Rhône-Alpes region of France.
Crédit Agricole Sud Rhône Alpes
Crédit Agricole Sud Rhône Alpes provides comprehensive banking and financial services, with a focus on supporting local economic development and sustainable projects within its territory.
What's next for Primo1D?
With the recent influx of major strategic investment, Primo1D is poised for accelerated growth and market penetration. The company is likely to leverage this capital to scale its manufacturing operations, enhance its product development pipeline, and expand its global reach. Further investment in R&D will be crucial for staying ahead in the competitive RFID market, particularly in developing more advanced and specialized tag solutions. Strategic partnerships and broader adoption of its embedded RFID technology across enterprise applications are anticipated as Primo1D solidifies its position as a leader in smart object identification.
See full Primo1D company page
