Blecon
Latest round
- Seed
Last raised
- May 2023
Total raised
- $4.4M
Investors
- 1
About Blecon
a. Blecon is a technology company specializing in Bluetooth Low Energy (BLE) IoT connectivity solutions, designed to bridge physical products with cloud applications. Blecon primarily offers IoT connectivity solutions leveraging Bluetooth low energy (LE) technology. The company’s core product suite includes dedicated hotspots and mobile applications designed to facilitate seamless communication between physical devices and cloud applications without the need for pairing or configuration. These solutions cater to a wide array of end-use cases, such as enabling secure data transmission for personal wireless devices and industrial applications. The Blecon hotspots allow devices in proximity to communicate with their respective cloud services efficiently and securely, targeting global markets to ensure accessibility for diverse industries relying on low-power IoT connectivity. Blecon generates revenue through a structured model that includes partnerships, subscriptions, and direct sales of their IoT connectivity solutions. Transactions typically occur as B2B engagements, where businesses integrate Blecon's hotspots and network services into their existing infrastructure. Future strategies include launching new products to expand their existing suite, with specific launches expected in the coming year. Additionally, Blecon aims to penetrate new markets, focusing on business expansions in North America and Europe by mid-2025.
Who invested in Blecon
1 investor across 1 round
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Funding rounds
Seed
May 30, 2023
Amount
$4.4M
Investors
Questions about Blecon
Who invested in Blecon?
Blecon has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Blecon raised?
Blecon has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Blecon last raise money?
Blecon's most recent round on record is a Seed, in May 2023.
What does Blecon do?
Blecon is a software company.
Where is Blecon headquartered?
Blecon is headquartered in Cambridge, UK.
Which VCs invest in companies like Blecon?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Blecon's stage. Their profiles are linked below.
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