Connecthings carries out a new fundraising of 10.6 million Dollars (9.5 million Euros) from Xerys Funds and its first round investors - Siparex and Calao Finance, for its expansion in the United States.
Leader of the Internet of Public Things, with a presence in over 20 cities in Europe and Brazil, Connecthings has announced the closing of the Series-B-funding round for its business development in the USA.
Connecthings develops a global platform to animate the Internet of Public Things. This cloud-based beacon management platform - iBeacon (Bluetooth Low Energy), NFC tags, QR codes and WiFi - connects the physical and digital worlds by orchestrating the interactions between urban objects and any smartphones or wearables devices. Connecthings implements its beacons in the world’s largest and smartest cities, especially present in Rio de Janeiro, Madrid, Barcelona, Bordeaux, Nice.
« This new fundraising of 10.6 million Dollars is a key step in our development that will strengthen our position as industry leader by penetrating the North American market. With the confidence of our investors and the dynamism of our teams, we will continue to build the global network of the Internet of Public Things in the Smart Cities, » said Laetitia Gazel Anthoine, President of Connecthings.
This investment is part of the logic of the Xerys Funds, which invest only in companies with high growth potential. « The successful development of Connecthings in Europe and the strong fundamentals of the company indicate that Connecthings will be able to transform the economy of the Smart Cities, » explains Jacques Simonnet, President of Xerys.
« Siparex supports Connecthings since 2012 and confirms its commitment with a new investment », says Andreas Gall at Siparex Proximité Innovation and board member of Connecthings. « By developing its global platform as early as 2007, Connecthings pioneered by understanding before anyone else the enormous market potential of the Internet of Things and its Smart City applications. Indeed, according to several studies, the number of connected objects is expected to average 80 billion in 2020, compared with only 1 billion 5 years ago, » adds Rodolphe Herbelin, Partner and Co-founder of Calao Finance.
About Connecthings
Connecthings, the European leader in the Internet of Public Things, connects the city and its citizens. The SAAS tags and beacons management platform provides services in over 20 cities on two continents. It manages interaction points (NFC, QR, Beacons, WiFi) and their associated context-based services: Proximity mobile services, coupons, smartphones notifications. Connecthings is based in Paris, Barcelona, Milan, Berlin and Rio de Janeiro.
Press contact: [email protected] - www.connecthings.com
Financial Advisor: Multeam www.multeam.fr
About Xerys Funds
Xerys Gestion is a portfolio management company specialized in private equity, which places the company’s project at the very core of its investment philosophy, in order to support backed executives in all stages of their business growth, from venture capital to maturity. Xerys supports a limited number of companies, selected according to a rigorous process about the strength of their fundamentals, their high growth potential and the qualities of their leaders.
Contact: [email protected] – www.xerys.com
About Siparex
Siparex Group, created 37 years ago, is the French independent specialist in SMEs private equity. The Group reports managed capital of € 1.5 billion, spread between ”Midmarket” business, “Regional Investment” and “Innovation” under Xange brand (growing technology SMEs). Siparex covers France and also has offices in Madrid, Milan and Munich. www.siparex.com
About CALAO Finance
CALAO Finance is an independent private equity management company. Founded and directed by Eric GAILLAT and Rodolphe HERBELIN, the company brings together a team of around twenty investment professionals and industries experts. The funds advised or managed by CALAO FINANCE participate in the financing of almost fifty French companies, mainly on two major topics: on the one hand, the art of living including luxury, on the other hand, strategic activities such as energy efficiency. CALAO FINANCE received the 2014 MORNINGSTAR Award “Emerging Manager Best Practices” in the category real asset/ private equity. www.calaofinance.com
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. Tens of billions devices -computers, smartphones, tablets, and sensors- will be connected to the Internet by 2020 and the future of computing lies in these things. As computing takes a much more active role in our lives it will at the same time become much more invisible. Internet of Things Expo will address the challenges in getting from where we are today to this future.
