Famoco raises €4m in financing round

News in brief

News in brief

French NFC device maker Famoco has secured €4m in a financing round led by Hi Inov. “Famoco will allocate a significant portion of its funding to R&D but also to international expansion, particularly in emerging countries and in the US market in the medium term,” the company says, after selling 10,000 terminals in 2014, with 60% of sales outside of France. Famoco unveiled its B2B Android NFC device in 2013.

Filed by This email address is being protected from spambots. You need JavaScript enabled to view it. nfcworld.com Published 7 July 2015, 13:19 • Last updated 7 July 2015, 15:25