iWire

iWire - Bpifrance Covered Loan

Borrower (s)
iWire
Industry
Telecoms and Communications/Cellular / mobile infrastructure
Area of finance
Export & Agency Finance
Region
Middle East
Countries
United Arab Emirates

Deal Overview

Dubai-based iWire raised US$ 34 million in Series A funding, led by Noor Capital and supported by Bpifrance, to accelerate its development and enter new markets. iWire is a long-standing partner of Sigfox, the 0G network pioneer and the world’s leading IoT service provider. In this...

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Dubai-based iWire raised US$ 34 million in Series A funding, led by Noor Capital and supported by Bpifrance, to accelerate its development and enter new markets. iWire is a long-standing partner of Sigfox, the 0G network pioneer and the world’s leading IoT service provider. In this fundraising, iWire has notably received support from the French public investment bank Bpifrance with a Buyer Credit of $25 million dedicated for the development of Sigfox networks over 12 new countries in Asia, Middle East and Africa. In addition, iWire intends to accelerate the development of its subsidiary “iWire Technologies”, specializing in the production of connected devices which will be distributed on all five continents, with a particular focus on European and US markets.

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Deal Volume
$34m
Financial Close
30 June 2021

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