Zouk participates in €100m series D round for SIGFOX, the global leader in Internet of Things Connectivity
Zouk Capital, the London-based growth capital investor, today announced its participation in the €100m series D round for SIGFOX, as part of an investment extension allowing new strategic partners to join the share capital of the company in the months following the first close.
The SIGFOX network is the most cost-effective and energy-efficient way to provide two-way connectivity to billions of objects. Incorporated in 2009, SIGFOX has pioneered the Low-Power Wide-Area (LPWA) connectivity space and has become a reference player in Internet of Things (IoT).
“Zouk’s value add was immediately clear to us and the team’s access to new markets and expertise in technology and infrastructure will be of great strategic significance to SIGFOX. We are delighted to welcome Zouk on board,” said Ludovic Le Moan, CEO of SIGFOX.
“SIGFOX’s distinctive solution to Internet of Things connectivity is superior in its innovation and pioneering in its approach,” added Samer Salty, CEO of Zouk Capital. “SIGFOX’s strategy plays to our strengths and expertise in technology and infrastructure and we are excited to be able to support the company it its growth and expansion.”
SIGFOX is the premier provider of dedicated cellular connectivity for Internet of Things and Machine-to-Machine communications. The company’s network complements existing high-bandwidth systems by providing economical, energy-efficient two-way transmission of small quantities of data, thus lowering barriers to wide implementation of IoT and M2M solutions, and greatly extending the battery and service life of connected devices. SIGFOX's global network is deployed through the SIGFOX Network Operator™ partnership program, with more than 2 million square kilometers already covered. The company is headquartered in Labège, France, and has offices in Mountain View, Calif., and Madrid, Spain. For more information, see www.SIGFOX.com and follow us on Twitter @SIGFOX.