About Wirepas
Wirepas is a company based in Tampere (Finland) founded in 2010 by Mikko Kohvakka and Teppo Hemia.. Wirepas has raised $74.88 million across 9 funding rounds from investors including European Union, Highland Europe and Amalfi Capital Management. Wirepas offers products and services including Wirepas Mesh and Wirepas Connectivity Suite. Wirepas operates in a competitive market with competitors including eero, goTenna, Rajant, Veniam and GreenCom Networks, among others.
- Headquarter Tampere, Finland
- Founders Mikko Kohvakka, Teppo Hemia
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Sectors
Technology
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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 Wirepas Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$74.88 M (USD)
in 9 rounds
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Latest Funding Round
$22 M (USD), Series D
Oct 31, 2023
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Investors
European Union
& 11 more
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Employee Count
Employee Count
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Products & Services of Wirepas
Wirepas offers a comprehensive portfolio of products and services, including Wirepas Mesh and Wirepas Connectivity Suite. 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.
Wireless mesh network for scalable IoT device connections.
Software suite for reliable industrial IoT deployments.
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Funding Insights of Wirepas
Wirepas has successfully raised a total of $74.88M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $22 million completed in October 2023. 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 9
- Last Round Series D — $22.0M
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First Round
First Round
(01 Aug 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series D - Wirepas | Valuation | Highland Europe | |
| Sep, 2021 | Amount | Series B - Wirepas | Valuation |
investors |
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| Nov, 2020 | Amount | Grant - Wirepas | Valuation |
investors |
| 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 Wirepas
Wirepas has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, Highland Europe and Amalfi Capital Management. 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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Growth-stage consumer and enterprise technology companies are funded.
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Founded Year | Domain | Location | |
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A global technology investment fund is managed by Amalfi Capital.
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Founded Year | Domain | Location | |
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Venture capital firm
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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 Wirepas
| 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 - Wirepas
| 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 |
Wirepas Comparisons
Competitors of Wirepas
Wirepas 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 eero, goTenna, Rajant, Veniam and GreenCom 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 |
Mesh-based connectivity solutions for IoT applications are provided.
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| domain | founded_year | HQ Location |
Mobile mesh networking is enabled for off-grid smartphone use.
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| domain | founded_year | HQ Location |
A private wireless mesh network is provided for adaptive communications.
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| domain | founded_year | HQ Location |
Wireless mesh networks for autonomous vehicles are developed.
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| domain | founded_year | HQ Location |
Cloud & AI-based mesh networking management solutions provider
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Wirepas
Frequently Asked Questions about Wirepas
When was Wirepas founded?
Wirepas was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is Wirepas located?
Wirepas is headquartered in Tampere, Finland.
Who is the current CEO of Wirepas?
Teppo Hemia is the current CEO of Wirepas. They have also founded this company.
Is Wirepas a funded company?
Wirepas is a funded company, having raised a total of $74.88M across 9 funding rounds to date. The company's 1st funding round was a Grant of $326.9K, raised on Aug 01, 2015.
What does Wirepas do?
Wirepas was founded in 2010 in Tampere, Finland, as a provider of wireless connectivity software focused on the IoT sector. Scalable mesh networking solutions are delivered for industrial and commercial applications, with self-organizing systems that establish infrastructure independently. Support is extended to diverse node types such as low-latency, low-energy, mains-powered, and battery-operated devices. Operations emphasize reliability, with the technology deployed in millions of devices worldwide.
What products or services does Wirepas offer?
Wirepas offers Wirepas Mesh and Wirepas Connectivity Suite.
Who are Wirepas's investors?
Wirepas has 12 investors. Key investors include European Union, Highland Europe, Amalfi Capital Management, In-Q-Tel, and ETF Partners.