Sigfox, an IoT Connectivity Startup, Raises $160M in Series E Funding

Salesforce, Total, Henri Seydoux, Alto Invest, Swen CP and Tamer Group will join Sigfox as new investors. Existing shareholders including Bpifrance, Elliott, Intel Capital, Air Liquide, Idinvest Partners and IXO, will also re-invest in the company. Additional new investors are also expected to join this financing round shortly to reach the $169 million level.

“We are happy to accompany the development of Sigfox because the technology it offers can be decisive to accelerate the deployment of the Internet of Things,” said Patrick Pouyanné, Chairman and Chief Executive Officer of Total. “It is their advance acquired on the market in a short time and their capacity to accelerate the deployment of large-scale IoT solutions that motivated our investment.” Read the full article here.