Talkin’ Things, Polish RFID tags manufacturer, raises $20M
The Warsaw-based startup Talkin’ Things has raised $20 million from the Polish investment firm TDJ. The existing investor Montis Capital also joined the round. The fresh funding will support the startup in scaling up production and further RFID technology development, MamStartup reports.
- Founded in 2013 by Marcin Pilarz, Talkin’ Things is a Polish manufacturer of innovative radio-frequency identification tags. The company develops comprehensive IoT solutions that transform offline inventory goods into online data using RFID tags.
- With the solution, clients can access and use data about their physical products more effectively and improve logistics processes. Talkin’ Things already has customers in the US, the UK, Australia, and France. Companies like Sanofi, Mars, Nestle, and L’Oreal are among them.
“RFID technology is not new, but the Talkin ‘Things team can approach it extremely innovatively. This unique specialization, combined with a market that has matured for mass tag applications, makes us believe in the success of this project,”Tomasz Domogała owner of TDJ comments on the investment.
- TDJ is a Polish private investment firm that has been operating since 1977. The existing investor Montis Capital supported the current round. The fund led the startup’s $9.6M seed round in 2019.
- Talkin’ Things plans to use the funding to continue building its RFID tag factory. The company also wants to expand its team.