TAGSYS Secures €8M

TAGSYS, a provider of high performance RFID infrastructure systems for item-level tracking in a variety of industries, has secured €8m (approximately $12m) in new venture capital funding.

The round was led by current investors Elliot Advisors, Endeavour Vision, Add Partners, DFJ Esprit and Saffron Hill.

The company will use the funds to expand its distribution channels, help partners secure new markets, and continue to develop UHF and HF solutions optimized for item-level applications for a variety of markets including Library, Textile Services, Brand & Fashion and Healthcare.

TAGSYS, which has operations in King of Prussia, PA, USA, La Penne-sur-Huveaune, France, and Hong Kong, has deployed its RFID systems to over 500 customers in more than 40 countries. 



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