Singapore – December 8, 2022 – UnaBiz, the Massive Internet of Things (IoT) service provider, closes Series B at over $50M USD in an extension round led by SPARX Group and followed by G K Goh Holdings and Optimal Investment. The new financing is reserved for existing investors.
Earlier this year, the company acquired the Sigfox 0G technology that powers the global public 0G Network and connects over 10 million sensors for 1,500+ B2B customers through 70+ national 0G operators worldwide.
After 6 months of successful integration, the company is ready to invest in sustainable product innovation, and strengthen its four key verticals: Utilities, Security, Facilities Management, and Supply Chain & Logistics, across LATAM, APAC and EMEA.
Sparx Group, which also led the initial Series B supported the acquisition.
“UnaBiz acquisition of the 0G technology significantly enhances and cements the group’s position as the global leader of Massive IoT. As the technology owner of the most energy-efficient LPWAN technology available on the market, UnaBiz is in a prime position to champion the convergence of Massive IoT communication technologies (from 0G to 5G) to help enterprises achieve their digitalization and sustainability goals,” Shuhei Abe, President and CEO of SPARX Group said.
SPARX Group is an independent investment company based in Tokyo, Japan, that manages over US$10 billion worth of assets. It is listed on Tokyo Stock Exchange.
“We are encouraged by the trust and confidence of our investors in this extension round despite the current economic climate. With their strong support and the newly energized team that consists of key executives with deep expertise in technology, operations, sales and marketing, the UnaBiz team will work closely with and through our global partners and 0G Operators around the world to drive Massive IoT.”Henri Bong, Co-Founder and Co-CEO of UnaBiz Group
Founded in 2016, the company operates with sales offices in Tokyo, Paris, Madrid and Rotterdam, and has two R&D centers in Taiwan, Taipei and France, Labège. Post-acquisition, UnaBiz doubled its office locations and tripled in headcount. The company currently employs over 240 employees worldwide.
“Aside from the investments already planned to support business development in strategic markets, we will also use the fresh funds in research and development to further enhance the core low-power 0G capabilities as well as enable cost-effective long-range connectivity dedicated to very low-value assets. Our product portfolio will also be expanded to integrate more LPWAN and satellite technologies, ultimately providing aggregated and clean data through UnaConnect service. The proliferation of new solutions aimed at a broader market will allow our customers to enjoy economies of scale, and the freedom of choice when it comes to means of collecting data from physical assets – that is what the Technology Convergence movement is about.”Philippe Chiu, Co-Founder and Co-CEO of UnaBiz Group
For more information, visit www.unabiz.com
About SPARX Group
SPARX is an independent asset management firm that was founded in 1989. It practices a consistent investment philosophy and regular asset management processes in the development of its four core businesses: One Asia (Asian equities), real assets, Mirai Creation, and Japanese equities. It excels due to its bottom-up approach to research through which it engages with individual companies. Listing on the JASDAQ market in 2001, SPARX became the first independent Japanese asset management firm to list on the TSE First Section in 2019.