On 5 November, Netatmo, a French company and a specialist of connected objects, announced a €30mn fund raising made in particular with Fonds ambition numérique, managed by Bpifrance within the framework of the Program of investments for the future (PIA).
The Program of investments for the future (PIA) supports via Bpifrance the development of two digital service companies, Vulog and iAdvize. To enable them to go on growing, in particular internationally, the PIA participates in their fundraisings of respectively €8.4mn and €14mn.
Fonds Ambition Numérique of the PIA, subscribed by Caisse des Dépôts and managed by Bpifrance for the State, participates in Sigfox €100mn fundraising. Bpifrance also plays a part with its Large Venture fund, beside telecommunication operators, manufacturers and financial investors.