# Sigfox

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

- Industry: Telecoms
- Headquarters: France
- Website: www.sigfox.com
- Total disclosed funding: $190M
- Latest round: Series E (Feb 24, 2017)
- Investors on record: 21

## About

Sigfox S.A. is a France-based company specializing in low power wide area network (LPWAN) connectivity solutions for Massive IoT applications, serving a diverse range of industries globally.Founded in 2009 in France, Sigfox S.A. focuses on providing connectivity solutions for IoT applications. The company has experienced strategic pivots and is co-founded by Henri Seydoux and Ludovic Le Moan. The current CEO is Jose Rodriguez. Their latest funding round was a Series E, where they raised EUR 81.601 mn from notable investors, contributing to a total raised of EUR 81.601 mn and a current company valuation of EUR 359.282 mn. Sigfox operates offices globally, though specific locations are not detailed.Sigfox 0G Technology specializes in providing a low power wide area network (LPWAN) designed specifically for Massive IoT applications. Their core offerings include connectivity solutions across industries like Supply Chain & Logistics, Smart Cities, and Agriculture. The Sub0G Programme emphasizes cost-efficient asset tracking to enhance inventory management and sustainability. Sigfox enables secure connections for over 14 million devices in more than 70 countries, covering over 5 million square kilometers and reaching over 1 billion people. Their client base includes companies such as Linxens, NXP® Semiconductors, and Zinergy.In 2020, Sigfox reported revenue of EUR 27,675,225.50 with an EBITDA loss of EUR -15,635,004.70. Their revenue model primarily relies on subscription-based services, allowing clients to purchase connectivity solutions for their IoT devices. This framework supports a scalable solution for enterprises seeking efficient IoT connectivity.Sigfox plans to expand its market reach by developing new products tailored to specific industries and launching them over the next few years. The recent Series E funding will facilitate advancements in their technology and assist in market penetration efforts. Additionally, they aim to explore new geographic regions to enhance their service offerings. Omnes Capital has exited its stake in Sigfox Wireless, although the financial terms of this exit were not disclosed.

## Funding rounds

- Series E, Feb 24, 2017, $86M — Idinvest Partners, Intel Capital, Eiffel Investment Group, Air Liquide Ventures, Elliott Management, SWEN Capital Partners, IXO Private Equity, TotalEnergies, Bpifrance Investissement, Salesforce Ventures
- Series D, Jul 1, 2015, $86M — Zouk Capital, Idinvest Partners, Intel Capital, Partech Partners, Elaia Partners, Air Liquide Ventures, Omnes Capital, Elliott Management, IXO Private Equity, Telefonica, Engie, Eutelsat Communications S.A., Samsung Venture Investment, SK Telecom Ventures, NTT DOCOMO Ventures, Mitsubishi Heavy Industries
- Series C, Jul 31, 2014, $6.7M — Idinvest Partners, Intel Capital, Partech Partners, Omnes Capital, IXO Private Equity, Bpifrance Investissement
- Series B, Nov 8, 2012, $9.5M — Intel Capital, Partech Partners, Omnes Capital, IXO Private Equity
- Series A, Feb 7, 2011, $1.4M — Omnes Capital, IXO Private Equity

## Investors

- Omnes Capital (https://capitalatlas.ai/funds/omnes-capital) — Series A, Series B, Series C, Series D
- IXO Private Equity (https://capitalatlas.ai/funds/ixo-private-equity) — Series A, Series B, Series C, Series D, Series E
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C, Series D, Series E
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C, Series D
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series C, Series D, Series E
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series C, Series E
- Zouk Capital (https://capitalatlas.ai/funds/zouk-capital) — Series D
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Series D
- Air Liquide Ventures (https://capitalatlas.ai/funds/air-liquide-ventures) — Series D, Series E
- Elliott Management (https://capitalatlas.ai/funds/elliott-management) — Series D, Series E
- Telefonica (https://capitalatlas.ai/funds/telefonica) — Series D
- Engie — Series D
- Eutelsat Communications S.A. — Series D
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series D
- SK Telecom Ventures — Series D
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series D
- Mitsubishi Heavy Industries — Series D
- Eiffel Investment Group (https://capitalatlas.ai/funds/eiffel-investment-group) — Series E
- SWEN Capital Partners (https://capitalatlas.ai/funds/swen-capital-partners) — Series E
- TotalEnergies — Series E
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series E