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The transaction exemplifies Clipperton’s positioning alongside entrepreneurs as well as its strong expertise in the broad internet of things industry.

Clipperton previously advised Withings in a $30 million Series-B round closed in 2013 with Idinvest Partners, Bpifrance, 360 Capital Partners and Ventech.

Clipperton announces yet another M&A cross-border transaction in 2018 following the acquisitions of Cardoen and Cheerz by Aramisauto and Cewe [DB:CWC] respectively.