Saudi family office of Tamer and consortium invested $160 million in French firm Sigfox

Saudi investment firm Tamer Group and a consortium of investors have invested $162 million in Sigfox, a provider of connectivity for the Internet of Things.

Established in 2009, Sigfox builds wireless networks to connect low-energy objects such as electricity meters, smartwatches, and washing machines, which need to be continuously on and emitting small amounts of data. It currently has 10 million objects registered on its network and coverage currently spanning 26 countries. (Tamer Group is a healthcare, beauty care, and fast moving consumer goods company headquartered in Jeddah, Saudi Arabia)

Tamer Group is listed in the Middle East Investors Directory with the code SINO92.

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