What is Primo1D?
Founded in 2013, Primo1D specializes in the manufacturing of embedded RAIN RFID tags, a technology that allows for the seamless identification and tracking of objects throughout their lifecycle. Unlike traditional adhesive labels, Primo1D's proprietary technology is designed to be integrated directly into the material of the object, ensuring durability and reliability in harsh industrial environments. This unique value proposition has allowed the company to capture significant interest from sectors requiring high-precision tracking, such as automotive, logistics, and specialized manufacturing. Based in the heart of the French tech hub in Grenoble, the company leverages local engineering expertise to maintain its competitive edge in the rapidly evolving RFID market.
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 Rhu00f4ne-Alpes Creation Vivu00e9ris Venture, Cru00e9dit Agricole Sud Rhu00f4ne Alpes, France Angels, iSource LPs, and Sofimac Partners
Other Financing Round (2021): $17.3M, investors not publicly disclosed
Key Investors in Primo1D
Rhone Alpes Creation
A regional venture capital firm dedicated to fostering innovation and economic development within the Auvergne-Rhone-Alpes region of France.
Credit Agricole Sud Rhone Alpes
A major regional banking institution that provides comprehensive financial solutions and strategic support for sustainable and innovative local business projects.
iSource VC
A specialized venture capital firm focusing on high-growth technology startups and innovative solutions that drive efficiency across various industrial sectors.
What's next for Primo1D?
With the support of its latest strategic investment, Primo1D is well-positioned to scale its operations and expand its footprint in international markets. The company is expected to focus on enhancing its production capacity to meet the rising demand for smart, connected objects in large-scale enterprise environments. Future strategic initiatives will likely involve deepening partnerships with global industrial players and further refining its RFID integration techniques to support the next generation of IoT applications. As the industry moves toward greater automation and real-time data visibility, Primo1D's focus on embedded, robust identification technology remains a cornerstone of its long-term growth strategy.
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