PROJECT

Projects

Summary of Investment Information

Project Number

39119

Company Name

SIGFOX

Date SPI Disclosed

Mar 1, 2017

Country

World Region

Region

Global

Projected Board Date

Apr 4, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Feb 8, 2025

Department

Equity Portfolio Management

Industry

Telecommunications and Technology

Previous Events

Approved : May 25, 2017
Signed : May 31, 2017
Invested : Jun 30, 2017

Sector

Computer Systems Design and Related Services (System Integration, Custom Computer Programming, IT Services etc.)

Project Description

Sigfox SA (“Sigfox” or the “Company”) is building and operating the world’s leading provider of connectivity for the Internet of Things (IoT). The company has built a global network to connect billions of devices to the Internet while consuming as little energy as possible, as simply as possible. As of October 2016, the network roll-out has been launched across 27 countries.

 The Company is seeking to raise up to EUR200 million of expansion capital to fund (i) the continued rollout of Sigfox’s network across the globe, including through joint-venture in particular in emerging markets, (ii) the expansion of teams across regions and functions, (iii) research & development investments and (iv) other general corporate & operating expenses. IFC is considering an investment of up to EUR15 million in the Series E equity round.

Associated Advisory Engagement

N.a.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation