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Interlaw’s French Partner Firm Advises on Innovative Technology Investment

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UGGC Avocats, Interlaw’s partner firm in France, has advised investment bank, Bpifrance, and Innovacom, which provides capital to innovative start-ups, in their investment in Primo 1D, the world leader in intelligent electronic wire. 

Primo 1D’s E-Thread™ technology makes it possible to miniaturize RFID (Radio Frequency Identification) components and integrate them into textile materials and industrial objects. It has raised €15 million from several investors including Innovacom and Bpifrance via its SPI (Société de Projets Industriels) fund as part of the Future Investment Program.  

The SPI investment fund focuses on the industrialization phase of an innovative technology, regardless of the industry or sector. The investment will enable Primo 1D to design and manufacture a new generation of RFID tags to increase its production capacities and support its growth. 

UGGC’s team included managing partner Charles-Emmanuel Prieur, senior associate Laura Malach and associate Bernard de la Vallée Poussin.