About Nestwave
Nestwave is an Industrial Goods & Manufacturing company based in Paris (France) founded in 2014 by Bogdan Franovici, and was acquired by NextNav in October 2022. Low-power GNSS solutions for IoT applications are developed. It operates in the Industrial Goods & Manufacturing and Technology sectors. Nestwave has raised $5.1 million across 2 funding rounds from investors including NextNav, European Union and The Faktory. Its chief executive, as recorded, is Ambroise Popper. Nestwave offers products and services including Pinnacle, 3D, and TerraPoiNT. Its focus areas include High Tech, Geographic Information Systems, Positioning & Navigation and Positioning.
Company details
Nestwave was founded in 2014 in Paris, France, within the IoT and satellite navigation sector. An ultra-low-power GNSS technology is provided for integration with modems like NB-IoT, Cat M1, LoRa, or Sigfox. Geolocation capabilities are enabled for uses such as asset tracking, smart factories, and smart cities, without requiring separate GNSS chips. Power usage is lowered by over 10 times, while urban and indoor coverage is enhanced.
- Headquarters Paris, France
- Founders Bogdan Franovici
- Stage Acquired
- SectorsIndustrial Goods & ManufacturingTechnology
- Phone•••• ••••
- Website nestwave.com
- Social LinkedIn X
- Acquired by NextNav (Oct 2022)
Products & Services of Nestwave
Nestwave offers a comprehensive portfolio of products and services, including Pinnacle, 3D, and TerraPoiNT.
Provides accurate vertical location for 3D positioning applications.
Enables 3D location visualization for urban and indoor environments.
Delivers resilient PNT for 3D and indoor geolocation needs.
Funding Insights of Nestwave
Nestwave has successfully raised a total of $5.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.86 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.1M
- Total Rounds 2
- Last Round Seed — $2.86M
- First Round $2.24M
(Apr 2019)
- Investors Count 3
All 2 funding rounds of Nestwave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $2.86M | Seed | – | European Union | |
| Apr 2019 | $2.24M | Seed | – | The Faktory, ISource Gestion | – |
4 investors in total: 4 institutional.
Investors in Nestwave
Nestwave has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include NextNav, European Union and The Faktory.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investment fund focused on disruptive tech startups. | thefaktory.com | Liège, Belgium | ||
Tech investments are managed by I Source VC for startups. | isourcevc.com | |||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Indoor positioning solutions for enterprises are provided. | 2008 | nextnav.com | Sunnyvale, United States |
Investor details for Nestwave
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Nestwave
8 people are tracked at Nestwave (4 in leadership, 1 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Bogdan Franovici | Co-Founder | Leadership |
Ambroise Popper | CEO | Leadership |
Rabih Chrabieh | Cofounder & CTO | Leadership |
Yoan Leyris | Director of embedded software development | Leadership |
Nicolas Boulay | Board Member | Board & advisors |
Sébastien Aubert | Research Engineer - PhD | Team |
ETHAN F. BACARD | Senior GNSS Engineer | Team |
Youssef GUIRAT | R&D Firmware Engineer | Team |
Complete people profiles for Nestwave
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Timeline of Nestwave
4 dated milestones of Nestwave across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Nestwave is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Seed, of $2.9M.
- Exit Acquired by NextNav.
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Frequently Asked Questions about Nestwave
Nestwave was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Nestwave is headquartered in Paris, France.
Ambroise Popper is the CEO of Nestwave, as recorded in our data.
Nestwave is a funded company, having raised a total of $5.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.24M, raised on Apr 2019.
Nestwave was founded in 2014 in Paris, France, within the IoT and satellite navigation sector. An ultra-low-power GNSS technology is provided for integration with modems like NB-IoT, Cat M1, LoRa, or Sigfox. Geolocation capabilities are enabled for uses such as asset tracking, smart factories, and smart cities, without requiring separate GNSS chips. Power usage is lowered by over 10 times, while urban and indoor coverage is enhanced.
Nestwave offers Pinnacle, 3D, and TerraPoiNT.
Nestwave has 4 investors. Key investors include NextNav, European Union, The Faktory, and I Source VC.
Yes. Nestwave was acquired by NextNav in October 2022.