Fundo NOS 5G has invested €1.2 million in the Portuguese startup Coreflux, which specializes in IoT connectivity solutions, aiming to advance the 5G-enabled technological landscape in Portugal.
Target Information
Coreflux is a pioneering startup based in Porto, Portugal, founded in 2023. The company specializes in connectivity and data management solutions tailored for the Internet of Things (IoT). By providing a comprehensive ecosystem of system connectors, brokers, and cloud services, Coreflux enables businesses to collect, process, and analyze data in real time. This innovative approach is set to revolutionize how industries manage data connectivity.
Leveraging the technical capabilities of 5G technology, which supports up to one million devices per square kilometer, low latency operations, and network slicing, Coreflux is poised to offer previously unattainable connectivity scenarios characterized by high density and speed.
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Industry Overview in Portugal
The IoT industry in Portugal is witnessing substantial growth, fueled by advancements in 5G technology. This growth is evident across various sectors, including industrial operations, energy management, and
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Fundo NOS 5G
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in a Other VC deal
Disclosed details
Transaction Size: $1M