# Confidex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/confidex

- Industry: Software
- Headquarters: Tampere, Finland
- Website: www.confidex.fi
- Total disclosed funding: $6.7M
- Latest round: Series A (Mar 12, 2007)
- Investors on record: 2

## About

Confidex specializes in smart identification solutions, enhancing operational efficiency through advanced RFID and IoT technologies. They serve a variety of industries with tailored products for supply chains and logistics.Founded in 2005 in Tampere, Finland, Confidex is dedicated to producing innovative RFID solutions. The company was acquired by Beontag in April 2022 for an undisclosed amount. As of April 2020, Confidex has been involved in three investment deals, with Aura Capital and Tesi participating in its recent funding round, securing USD 3.76 mn in total funding.Confidex provides advanced RFID, NFC, and BLE technology solutions, including industrial-grade RAIN RFID tags and contactless RFID tickets. Their products are designed to optimize supply chains and logistics, serving over 120 global clients across diverse sectors, including retail and industrial applications.In 2023, Confidex reported a revenue of USD 32.47 mn and an EBITDA of USD 1.97 mn, reflecting its strong performance in providing B2B labeling and IoT solutions to various industries.Confidex aims to expand its product line with new RFID technologies set to launch in the coming years. The company's recent funding will support initiatives to penetrate new markets in Europe and Asia by 2025, enhancing their reach and service offerings. Following the acquisition by Beontag, Confidex is positioned to further develop its smart identification solutions.

## Funding rounds

- Series A, Mar 12, 2007, $6.7M — Aura Capital, Ad Eundem Partners

## Investors

- Aura Capital (https://capitalatlas.ai/funds/aura-capital) — Series A
- Ad Eundem Partners (https://capitalatlas.ai/funds/ad-eundem-partners) — Series A