# TAGSYS RFID Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tagsys-rfid-group

- Industry: Electronics
- Headquarters: La Ciotat, France
- Website: www.tagsysrfid.com
- Total disclosed funding: $84M
- Latest round: Series D (Mar 25, 2010)
- Investors on record: 9

## About

TAGSYS RFID Group Inc. specializes in advanced Radio Frequency Identification (RFID) solutions for the hospitality sector, enhancing guest experience and operational efficiency in hotels worldwide.TAGSYS RFID Group Inc. was founded in 2001 in La Ciotat, France. The company focuses on providing RFID solutions tailored specifically for the hospitality industry. TAGSYS has secured a total of EUR 8 million in funding through 6 deals, with the latest round being a Series D on March 25, 2010, from investors including Add Partners, Elliott Associates, Endeavour Vision, Molten Ventures, and Saffron Hill Ventures. The firm aims to establish strong partnerships with hotels and resorts to deliver its specialized offerings.TAGSYS specializes in advanced Radio Frequency Identification (RFID) solutions for the hospitality industry. Their core offerings include RFID key cards for secure room access, RFID-enabled inventory management systems for real-time supply tracking, and asset tracking solutions for monitoring hotel equipment. Additionally, TAGSYS provides RFID bracelets and wristbands that enable personalized guest interactions, including contactless payments. These products are marketed primarily to upscale hotels and resorts across key global markets, including the United States, Europe, and major tourist destinations in Asia.TAGSYS generates revenue through direct sales and service agreements with hospitality clients. Their business model typically involves long-term partnerships with hotels and resorts, offering RFID systems under a subscription model that includes ongoing support and maintenance. The pricing structure reflects contract terms based on implementation scale and specific client needs, with flagship products such as RFID key card systems and asset tracking solutions forming the basis of these transactions.Looking forward, TAGSYS RFID Group Inc. plans to launch new RFID products designed to further enhance guest experiences in hotels. This includes expanding their offerings to include advanced contactless payment solutions. The company is targeting new markets, particularly in emerging tourism regions in Asia and the Middle East, aiming for expansion by 2025. The recent funding of EUR 8 million will be utilized to support these product developments and market expansion efforts.

## Funding rounds

- Series D, Mar 25, 2010, $11M — Molten Ventures, Add Partners, Elliott Management, Endeavour Vision, Saffron Hill Ventures
- Series C, Dec 12, 2007, $0.9M — Panorama Capital
- Series C, Sep 11, 2007, $16M — Molten Ventures, JPMorgan Partners, Add Partners, Elliott Management, Endeavour Vision, Saffron Hill Ventures
- Series B, May 22, 2006, $35M — Molten Ventures, Endeavour Vision, JP Morgan Asset Management
- Series D, Apr 18, 2005, $12M — Endeavour, Elliott Management, Saffron Hill Ventures
- Series C, Oct 1, 2004, $8.7M — Add Partners

## Investors

- Add Partners (https://capitalatlas.ai/funds/add-partners) — Series C, Series D
- Endeavour (https://capitalatlas.ai/funds/endeavour) — Series D
- Elliott Management (https://capitalatlas.ai/funds/elliott-management) — Series D, Series C
- Saffron Hill Ventures (https://capitalatlas.ai/funds/saffron-hill-ventures) — Series D, Series C
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series B, Series C, Series D
- Endeavour Vision (https://capitalatlas.ai/funds/endeavour-vision) — Series B, Series C, Series D
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B
- JPMorgan Partners (https://capitalatlas.ai/funds/jpmorgan-partners) — Series C
- Panorama Capital — Series C