Contract electronics manufacturing company Foxconn has led a $5.5m series A round for France-based sports sensors and data analytics provider PIQ that also included telecommunications company Swisscom.
Foxconn invested through its Ginko Ventures affiliate and, in addition to Swisscom, was joined in the round by Robolution Capital, a fund managed by private equity firm Orkos Capital.
PIQ has developed technology that uses wrist-worn sensors to track performance data for sportspeople, and had been funded by angel investment since it was founded in 2012. It plans to close three sports equipment partnerships by the end of 2015 and open offices in San Francisco and Florida.