What is Sigfox?
Sigfox is a pioneering Internet of Things (IoT) service provider renowned for its 0G network. The company's innovative approach allows for low-power, long-range communication for connected devices, making it a key player in the burgeoning IoT landscape. Headquartered in Labège, Occitanie, Sigfox's technology is designed to overcome the primary challenges hindering widespread IoT deployment, namely high costs, substantial energy demands, and the complexities of global scaling. Its network infrastructure facilitates seamless device-to-cloud connectivity, empowering a new generation of smart applications 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 Elaia Partners, Partech International, Intel Capital, and iXO Private Equity
Series C (2014): $20.7M supported by Bpifrance, Idinvest Partners, Elaia Partners, Intel Capital, Partech Ventures, and Ixo Private Equity
Series D (2015): $115M featuring Bpifrance, Samsung, Elaia Partners, Idinvest Partners, Intel Capital, iXO Private Equity, and Partech Ventures
Series E (2016): $160M backed by Bpifrance, Total, Idinvest Partners, Intel Capital, iXO Private Equity, Air Liquide Investments, Alto Invest, SWEN Capital Partners, and Elliott Management Corp.
Key Investors in Sigfox
Bpifrance
Bpifrance is a French public investment bank that finances companies at all stages of their development, supporting innovation and international expansion.
Idinvest Partners
Idinvest Partners is a mid-market private equity firm based in Paris, France, focused on financing and supporting entrepreneurs through various stages of business development.
Elaia Partners
Elaia Partners is a venture capital firm specializing in backing ambitious tech disruptors from inception to leadership, with a focus on performance and innovation.
What's next for Sigfox?
With substantial backing and a clear focus on addressing the core challenges of IoT adoption, Sigfox is strategically positioned for continued growth and innovation. The company's enterprise-level funding suggests a trajectory towards scaling its network infrastructure and expanding its service offerings globally. Future developments are likely to center on enhancing the capabilities of the 0G network, fostering new partnerships, and driving the adoption of IoT solutions across diverse sectors, from smart cities to industrial automation. The ongoing investment in Sigfox signals strong confidence in its vision for a more connected and energy-efficient world.
See full Sigfox company page
