About Solis
Solis is a company based in San Francisco (United States) founded in 2008. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Solis has raised $63.5 million across 3 funding rounds from investors including Lenovo, Mesh Ventures and Vickers Venture Partners. Solis offers products and services including Solis Go Hotspot, Solis Lite, Solis Pro, and Lifetime Data Plan. Solis operates in a competitive market with competitors including Airalo, Helium, iBUS, Boingo Wireless and WiFi, among others.
- Headquarter San Francisco, United States
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Sectors
Telecommunications
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Email
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Phone
*********
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Website
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Social
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- Legal Name Simo Holdings Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series C
Sep 25, 2019
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Investors
Lenovo
& 7 more
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Employee Count
Employee Count
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Products & Services of Solis
Solis offers a comprehensive portfolio of products and services, including Solis Go Hotspot, Solis Lite, Solis Pro, and Lifetime Data Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Portable hotspot and power bank for global connectivity.
Compact Wi-Fi hotspot for global internet access anywhere.
Advanced 5G hotspot for high-speed internet worldwide.
Monthly 1GB global data included with hotspots.
Funding Insights of Solis
Solis has successfully raised a total of $63.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in September 2019. 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 Total Funding
- Total Rounds 3
- Last Round Series C — $20.0M
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First Round
First Round
(05 Aug 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - Solis | Valuation | Mesh Ventures , Phi Ventures | |
| Mar, 2018 | Amount | Series C - Solis | Valuation | JAFCO Asia | |
| Aug, 2015 | Amount | Series B - Solis | Valuation | Lenovo |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solis
Solis has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Lenovo, Mesh Ventures and Vickers Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Growth-stage venture capital is invested in Singapore and China.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by JAFCO Asia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solis Comparisons
Competitors of Solis
Solis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airalo, Helium, iBUS, Boingo Wireless and WiFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operator of eSIM stores intended to provide connectivity to travellers
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| domain | founded_year | HQ Location |
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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| domain | founded_year | HQ Location |
Provider of digital infrastructure and connectivity solutions for businesses and institutions
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| domain | founded_year | HQ Location |
Wireless WiFi internet services are provided to users worldwide.
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| domain | founded_year | HQ Location |
App for quickly connecting to wifi hotspots without a password
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| domain | founded_year | HQ Location |
Internet services are provided by WeLink in the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solis
Frequently Asked Questions about Solis
When was Solis founded?
Solis was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Solis located?
Solis is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Solis a funded company?
Solis is a funded company, having raised a total of $63.5M across 3 funding rounds to date. The company's 1st funding round was a Series B of $23.5M, raised on Aug 05, 2015.
What does Solis do?
Portable Wi-Fi hotspot devices are offered by Solis for seamless global internet connectivity in over 140 countries. Solutions include 4G and 5G hotspots like Solis Go, Solis Lite, and Solis Pro, alongside innovative data plans such as the Lifetime Data Plan with monthly global data. The technology sector is primarily served, focusing on telecommunications and wireless services for travelers, remote workers, and individuals needing reliable internet and power bank functionality on the go.
What products or services does Solis offer?
Solis offers Solis Go Hotspot, Solis Lite, Solis Pro, and Lifetime Data Plan.
Who are Solis's investors?
Solis has 8 investors. Key investors include Lenovo, Mesh Ventures, Vickers Venture Partners, Premier Ventures, and Phi Ventures.
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