Breed Reply, a leading active operational investor in early-stage Internet of Things (IoT) businesses, has today announced investments in France-based METRON and TAG Sensors, a Norwegian company.

The two companies raised a total of £3.75 million from Breed Reply and other investors. These new investments mean Breed Reply’s pan-European investment portfolio of early-stage IoT businesses has increased to 20 in a variety of different sectors, including health, industrial IoT, smart buildings and cities, and transportation.