About Wefi
Wefi is a company based in Tel Aviv (Israel) founded in 2006 by Yossi Vardi, Shimon Scherzer, and Arnon Kohavi was acquired by TruConnect in September 2016.. Wefi has raised $17 million across 3 funding rounds from investors including Lightspeed Venture Partners, WarnerMedia and TruConnect. Wefi offers products and services including SDKs, Data Collection, and Analytics Dashboards. Wefi operates in a competitive market with competitors including Green Packet, Devicescape, Azaire Networks, Rapid5 Networks and Accuris Networks, among others.
- Headquarter Tel Aviv, Israel
- Founders Yossi Vardi, Shimon Scherzer, Arnon Kohavi
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wefi Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 3 rounds
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Latest Funding Round
$522.07 K (USD), Grant
Jul 01, 2015
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Investors
Lightspeed Venture Partners
& 4 more
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Employee Count
Employee Count
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Acquired by
TruConnect
(Sep 08, 2016)
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Products & Services of Wefi
Wefi offers a comprehensive portfolio of products and services, including SDKs, Data Collection, and Analytics Dashboards. 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.
Enables automatic device connection to wireless networks for cost reduction.
Gathers anonymized data points with high accuracy for analytics purposes.
Provides insights from mobile data via SaaS for business decisions.
Funding Insights of Wefi
Wefi has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $522.07 thousand completed in July 2015. 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 Grant — $522,074
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First Round
First Round
(04 Aug 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Grant - Wefi | Valuation |
investors |
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| Jan, 2012 | Amount | Series B - Wefi | Valuation | WarnerMedia | |
| Aug, 2009 | Amount | Series A - Wefi | Valuation | Lightspeed Venture Partners , Pitango |
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| 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 Wefi
Wefi has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, WarnerMedia and TruConnect. 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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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Wefi
| 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 - Wefi
| 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 |
Wefi Comparisons
Competitors of Wefi
Wefi 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 Green Packet, Devicescape, Azaire Networks, Rapid5 Networks and Accuris Networks, 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 |
Wi-fi offloading solution and wi-fi access device provider
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| domain | founded_year | HQ Location |
Wi-Fi solutions for mobile device connectivity management are developed.
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| domain | founded_year | HQ Location |
Provides network solutions for IT and connectivity needs.
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| domain | founded_year | HQ Location |
Offers a carrier-grade convergence platform for reliable telecommunications networks.
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| domain | founded_year | HQ Location |
Wi-Fi offload and roaming inter-working solutions provider
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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 Wefi
Frequently Asked Questions about Wefi
When was Wefi founded?
Wefi was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Wefi located?
Wefi is headquartered in Tel Aviv, Israel.
Is Wefi a funded company?
Wefi is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Aug 04, 2009.
What does Wefi do?
Wefi was founded in 2006 in Tel Aviv, Israel, focusing on the telecommunications sector. Solutions for WiFi and cellular offloading in heterogeneous networks are developed, supporting 2G, 3G, 4G, and LTE technologies. Massive mobile data volumes are analyzed to deliver network selection functions that improve broadband access and user connectivity in diverse environments.
Who are the top competitors of Wefi?
Wefi's top competitors include Green Packet, Devicescape and Accuris Networks.
What products or services does Wefi offer?
Wefi offers SDKs, Data Collection, and Analytics Dashboards.
Who are Wefi's investors?
Wefi has 5 investors. Key investors include Lightspeed Venture Partners, WarnerMedia, TruConnect, European Union, and Pitango.
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