What is Sigfox?
Sigfox is at the forefront of the IoT revolution, having established the 0G network to facilitate low-power, wide-area connectivity for devices. The company's innovative approach allows for cost-effective and energy-efficient communication, making it a key player in the expanding Internet of Things landscape. Headquartered in Labège, Occitanie, Sigfox's technology is designed to overcome the traditional challenges of deploying IoT solutions on a global scale, paving the way for widespread adoption across various industries.
How much funding has Sigfox raised?
Sigfox has raised a total of $311.1M across 5 funding rounds:
Series A
$2.7M
Series B
$12.8M
Series C
$20.7M
Series D
$115M
Series E
$160M
Series A (2011): $2.7M with participation from IOT Valley
Series B (2012): $12.8M led by iXO Private Equity, Partech International, Intel Capital, and Elaia Partners
Series C (2014): $20.7M supported by Bpifrance, Intel Capital, Elaia Partners, Partech Ventures, Idinvest Partners, and Ixo Private Equity
Series D (2015): $115M featuring Intel Capital, Samsung, Partech Ventures, Bpifrance, iXO Private Equity, Elaia Partners, and Idinvest Partners
Series E (2016): $160M backed by Intel Capital, Total, Air Liquide Investments, iXO Private Equity, Elliott Management Corp., Alto Invest, SWEN Capital Partners, Idinvest Partners, and Bpifrance
Key Investors in Sigfox
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, and next-generation compute. They are known for curating thousands of business development introductions annually.
Partech Ventures
Partech is a global investment firm supporting entrepreneurs at seed, venture, and growth stages across multiple continents. They invest in a wide range of technologies and businesses, from software to deep tech.
Bpifrance
Bpifrance finances companies at every stage of their development with credit, guarantees, and equity, supporting innovation and international expansion. They also provide consulting and acceleration programs.
What's next for Sigfox?
With a history of substantial investment rounds, including Series C, D, E, Sigfox is positioned for continued expansion and technological advancement in the IoT sector. The enterprise-level funding suggests a focus on scaling operations, enhancing network infrastructure, and potentially exploring new market opportunities. Strategic partnerships and further innovation in low-power communication technologies will likely be key to maintaining its leadership in the competitive IoT market.
See full Sigfox company page
