Australian government’s CEFC invests AUS$10m on IoT network provider Thinxtra
- Written by Internet of Business
The Australian government’s Clean Energy Finance Corporation (CEFC) is to invest AU$10m in IoT network builder Thinxtra in exchange for 15 percent equity. Its investment in Thinxtra is part of a AU$20m Series B round, valuing the company at about AU$66m. Sydney-based Thinxtra last year obtained the licence to roll out French network company Sigfox’s low-powered, wide area network (LPWAN) technology across Australia and New Zealand, with an ambitious aim of covering 95 percent of both countries’ populations by the end of 2017.