Wirepas
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 3.2m | 2.3m | 2.9m | 3.0m | 3.7m | 5.3m | 5.6m |
% growth | - | (28 %) | 23 % | 6 % | 22 % | 43 % | 6 % |
EBITDA | - | (2.5m) | (1.5m) | (<1m) | (2.6m) | (3.3m) | - |
% EBITDA margin | - | (110 %) | (53 %) | (25 %) | (69 %) | (62 %) | - |
Profit | - | (4.1m) | (3.5m) | (3.1m) | (3.7m) | (6.4m) | - |
% profit margin | - | (175 %) | (123 %) | (102 %) | (101 %) | (121 %) | - |
R&D budget | - | - | 6.0m | 6.0m | - | - | - |
R&D % of revenue | - | - | 210 % | 198 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
€4.5m | Early VC | ||
* | €1.5m | Seed | |
* | €1.5m | Series A | |
* | €4.5m | Series B | |
N/A | N/A | - | |
$16.1m | Series B | ||
€10.0m | Late VC | ||
* | €20.7m | Series D | |
Total Funding | €57.3m |
Recent News about Wirepas
EditWirepas is a company that specializes in providing scalable IoT (Internet of Things) connectivity solutions tailored for commercial and industrial applications. The company operates in the IoT market, focusing on delivering a reliable and cost-effective software Connectivity Suite that enables massive IoT deployments. Wirepas serves a diverse range of clients, including those in smart tracking, smart energy, smart cities, smart buildings, and smart manufacturing sectors. The business model revolves around offering a software suite that allows clients to either buy ready-made solutions or develop their own IoT products, which can then be scaled up within Wirepas' ecosystem of over 200 partners. Wirepas generates revenue by licensing its software and through partnerships with hardware manufacturers who embed Wirepas technology into their products. The company's unique selling proposition lies in its ability to provide a self-managing network that requires no additional infrastructure, making it a cost-effective alternative to traditional cellular networks like 5G.
Keywords: IoT, scalable connectivity, commercial applications, industrial applications, self-managing networks, smart tracking, smart energy, smart cities, smart buildings, smart manufacturing.