Nestwave Secures €2.4M Financing Round

21 Apr, 2021

Nestwave Secures €2.4M Financing Round
Photo by Sven Read on Unsplash

– Nestwave is a Paris, France-based provider of low-power geolocation IP and cloud services for Internet of Things (IoT) applications.
– The company secured a €2.4m round of financing.
– Backers included the European Innovation Council, the European Commission’s newly established venture capital fund, and current investors Sofimac Innovation (Paris, France) and The Faktory Fund (Liege, Belgium).
– The new investment will be used to further accelerate the rollout of its hybrid-signal global navigation satellite system (GNSS) and cellular positioning technologies.

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