# Sequans Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sequans-communications-s-a

- Industry: Semiconductors
- Headquarters: Colombes, France
- Website: www.sequans.com
- Total disclosed funding: $57M
- Latest round: Series E (Jul 1, 2010)
- Investors on record: 13

## About

Sequans Communications S.A., based in France, specializes in advanced 5G/4G cellular IoT connectivity solutions, providing ultra-low power chips and modules tailored for diverse Internet of Things applications.Founded in 2003, Sequans Communications S.A. operates from its headquarters in Colombes, France. The company focuses on developing innovative cellular connectivity solutions for IoT applications. In August 2023, Sequans announced a strategic acquisition by Renesas Electronics Corporation at USD 3.03 per share, which is expected to enhance its cellular connectivity offerings. The firm has completed a total of 11 deals, with its most recent funding round being a VENTURE DEBT of USD 50.000 mn, bringing the total amount raised to USD 77.000 mn.Sequans Communications specializes in the development of a comprehensive range of 5G/4G cellular IoT connectivity solutions. Their main product offerings include ultra-low power chips and modules certified for NB-IoT, LTE-M, LTE Cat 1/1bis, LTE Cat 4/6, and 5G NR technologies, aimed at optimizing Internet of Things applications. These products address various end-use cases, from basic sensor devices to advanced systems such as voice-activated alarms, catering to sectors like industrial, medical, automotive, and utilities. Sequans' solutions are utilized by an array of clients, including Geotab and Coyote, demonstrating their technology's versatility across markets, particularly in Europe and North America.In the most recent fiscal year, 2022, Sequans Communications reported a revenue of USD 60.55 mn, with an EBITDA of USD 8.18 mn. The company generates revenue through direct sales of its semiconductor products and modules, primarily targeting B2B clients in the IoT sector, facilitated by partnerships that integrate Sequans' technology into various products and services.Sequans plans to leverage its recent acquisition by Renesas Electronics to enhance its cellular connectivity solutions and support growth initiatives. The company is focused on expanding its product offerings and is likely to introduce new technologies aimed at further optimizing IoT applications. With the recent VENTURE DEBT funding of USD 50.000 mn, Sequans intends to invest in these new product developments and expand into additional markets, reinforcing its position in an evolving technological landscape.

## Funding rounds

- Series E, Jul 1, 2010, $18M — CDC Enterprises, Karista, Swisscom, Amundi, Serena, I-Source Gestion
- Series D, Nov 29, 2006, $28M — Vision Capital (US), Add Partners, Kennet Partners, Karista, Amundi, Motorola Solutions Venture Capital, King Street Partners, Alcatel Ventures, I-Source Gestion
- Series C, Jun 20, 2005, $8.5M — Vision Capital (US), SGAM Private Equity, Add Partners, Karista, I-Source Gestion
- Series B, Jun 27, 2004, $1.8M — Karista, I-Source Gestion

## Investors

- Karista (https://capitalatlas.ai/funds/karista) — Series B, Series C, Series D, Series E
- I-Source Gestion — Series B, Series C, Series D, Series E
- Vision Capital (US) (https://capitalatlas.ai/funds/vision-capital-us) — Series C, Series D
- SGAM Private Equity (https://capitalatlas.ai/funds/sgam-private-equity) — Series C
- Add Partners (https://capitalatlas.ai/funds/add-partners) — Series C, Series D
- Kennet Partners (https://capitalatlas.ai/funds/kennet-partners) — Series D
- Amundi (https://capitalatlas.ai/funds/amundi) — Series D, Series E
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series D
- King Street Partners — Series D
- Alcatel Ventures (https://capitalatlas.ai/funds/alcatel-ventures) — Series D
- CDC Enterprises (https://capitalatlas.ai/funds/cdc-enterprises) — Series E
- Swisscom — Series E
- Serena (https://capitalatlas.ai/funds/serena) — Series E