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Sevenhugs raises $9M from Xerys Capital

Sevenhugs is the company which launched the world’s first remote control with a precise indoor positioning system. After a first round of $1.7M and a second of $14.6M from CapDecisif Management, Xerys Capital, NovX, and various business angels, the company raised an additional $9M from Xerys Capital.

This financing will allow the company to further develop and distribute their smart home solutions both in the U.S. and globally.

https://www.sevenhugs.com