Uwinloc, a Toulouse, France-based provider of a battery-less asset location solution for the Industry & Logistics 4.0, closed a €4.5m funding round.
The round was led by Elaia Partners, with participation from ACE, Galia Gestion and M-Capital Partners.
The company will use the funds to accelerate its international growth and advance new products.
Founded in 2015 by Eric Cariou, CEO, Uwinloc provides a battery-less tracking solution for tools management, work in progress monitoring & warehouse dynamic management in the the Manufacturing and Logistics sectors, retail and healthcare.
The startup counts over 40 employees today with 50% of its staff focused on R&D.