What is Primo1D?
Founded in 2013 and based in Grenoble, France, Primo1D specializes in the creation of embedded RAIN RFID (Ultra High Frequency Radio Frequency Identification) tags designed for smart objects. These tags are crucial components for enabling seamless data exchange and tracking in various industrial and consumer applications. The company's focus on embedded solutions positions it as a key player in the burgeoning market for connected devices and intelligent inventory management systems.
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 SA
Rhone Alpes Creation SA is a venture capital firm that invests in early-stage companies, likely focusing on technology and innovation within the Auvergne-Rhone-Alpes region of France.
Crédit Agricole Sud Rhône Alpes
Crédit Agricole Sud Rhône Alpes is a regional bank providing a comprehensive suite of financial services, with a demonstrated interest in supporting local economic development and sustainable projects.
France Angels
France Angels is a national network that connects angel investors with promising startups, offering both financial backing and mentorship to entrepreneurs across France.
What's next for Primo1D?
With the recent influx of major strategic investment, Primo1D is poised for significant expansion. The company is likely to leverage this capital to enhance its manufacturing capabilities, broaden its product portfolio, and strengthen its global market presence. Future developments may include advancements in RFID technology, such as increased read range, enhanced durability, and integration with other smart technologies. This strategic financing signals strong investor confidence in Primo1D's vision and its potential to lead in the embedded RFID market.
See full Primo1D company page
