FOR IMMEDIATE RELEASE
UWINLOC raises a 4.5 M€ Series A Round Led by ELAIA Partners to Expand its Operations in USA and China
- UWINLOC’s battery-less asset location solution provides a major enabling solution for the Industry & Logistics 4.0
- Latest round of investment will allow UWINLOC to ramp-up its presence in North America and Asia
- UWINLOC innovation is now used by more than 30 large companies in 6 countries, including the United States.
- The funds will boost Industrialization and R&D efforts as UWINLOC expands its offer.
Toulouse, France (April 27, 2018) – UWINLOC, pioneers of the first battery-less indoor location solution, has marked a milestone by closing a funding round of 4.5 million Euros. The funds will contribute to accelerate its international reach as well as further research and development of their disruptive solution.
The startup, created in 2015, has grown rapidly counting more than 40 employees today. UWINLOC’s patented solution is primarily aimed today towards the Manufacturing and Logistics industries but will expand to additional sectors such as Retail and Healthcare. Being the first technology of its kind, UWINLOC is seeking to change the market paradigm to become the world’s new standard for Industry & Logistics 4.0 tracking.
“Digital transformation is a major challenge for all sectors. By supplying our customers with our innovative solution, we love to see them progress towards excellence in their manufacturing and logistics operations. Furthermore, we put a big emphasis on our international development and industrialization. We’re moving forward with deployments in the U.S. along with our first projects in Asia,” says Eric CARIOU – CEO and Co-Founder.
Elaia, a leading European VC firm specializing in deep tech ventures with global ambition led the round. Three complementary funds joined the round: ACE, Galia Gestion and M-Capital. “We are really pleased with the pool of investors selected. Their mix of expertise and financial breadth will contribute to accelerate our international development and further develops customers value”.
In addition to funding partners, new board members have joined the group this year. “These industry experts were carefully selected to help UWINLOC’s exponential development while focusing on its core value of excellence,” adds Eric Cariou.
Marc Rougier, Partner at Elaia, says “Asset tracking is a major stake of the Industry 4.0 revolution. UWINLOC’s unique and patented battery-less technology will be a game changer, as confirmed by the formidable traction they already generated with clients and prospects form the manufacturing and logistic industries”.
Fabien Rizzi, Investment Director at ACE Management adds “This operation is in line with the plan that we established with Eric and his team in 2017. We’re pleased to welcome new added value partners and to keep on supporting UWINLOC development, especially on aerospace and industrial markets.”
Managers: Eric Cariou, Jan Mennekens, Thomas Sangouard
- Elaia Partners: Marc Rougier, Alexis Frentz
- ACE Management: Fabien Rizzi, Mathieu Sibra
- Galia Gestion: Claudia Daugan
- M Capital: Alexandre Scherrer
- Legal (investors): Jones Day (Jean-Gabriel Griboul, Jérémie Noël)
- Finance (investors): 2CFinance (Benjamin Bitton, Jacques Haccoun)
- Legal (company) : Vaughan
UWINLOC offers the world’s first battery-less IoT indoor tracking solution for large volumes of assets. The Industrial IoT solution provides data analysis for industrial leaders to optimize their stock and facilitate Supply Chain management. Founded in 2015, UWINLOC has been awarded for its innovation as La Tribune Toulouse’s Startup of the Year, Best Industrial Renewal Award by the Occitanie region, and Best IoT Innovation at IoT World Paris. Find out more about UWINLOC at www.uwinloc.com.
About ACE MANAGEMENT
ACE Management is an investment management firm which has focused for nearly 25 years on private equity investments in innovative and industrial companies. They manage 3 families of funds accounting for €500M of capital: Aerofund (aerospace), Brienne (Defense and Security) and Atalaya (Maritime). Operating since 2013, Aerofund III (3rd generation of Aerofund funds) has an investment strategy targeting technological growth companies and the consolidation of aerospace companies.
About ELAIA PARTNERS
Elaia Partners now manages over €250M, invests in high-growth, deep tech startups offering ground-breaking technologies, products and services, from the initial financing rounds through to their emergence as global leaders and supports its best performers to reach a massive scale.
About GALIA GESTION
GALIA Gestion is one of the leading players in regional private equity in South West of France. They provide financing to innovative startups and SME companies in a wide range of sectors to support their development or transmission. GALIA has raised over €160 million since its creation and is an affiliate of Alliance Entreprendre (Natixis Investment Managers). Based in Bordeaux, they manage a portfolio of 50 companies and invest up to €4 million by operation.
About M Capital
M Capital invests in venture capital, growth capital, and LBOs across all sectors and have developed five main areas of expertise: Life Sciences and Healthcare, Digital & Media, Brand & Retail, Smart Industries, and Real Estate. In 2016, their affiliated companies employed over 9000 people and generated more than €2.2B in turnover. With €380M assets under management and a portfolio of over 170 SMEs, M Capital Partners is a leading Private Equity firm in the French Small-cap market.