# Element

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/element-2

- Industry: Software
- Headquarters: London, UK
- Website: https://element.io/
- Total disclosed funding: $38M
- Latest round: Series B (Jul 19, 2021)
- Investors on record: 6

## About

Element is a UK-based secure communications platform empowering users with control over their communication methods, ensuring privacy and data ownership while promoting interoperability across various platforms.Founded in 2017, Element operates as a secure messaging service that allows users to host their communications independently. The company is headquartered in London, UK. Led by CEO Matthew Hodgson, who has a strong background in tech startups, Element has raised GBP 21.73 mn in its SERIES B funding round on July 19, 2021, from notable investors including Automattic Inc. and Protocol Labs, Inc., bringing the total amount raised to GBP 21.73 mn, with a current valuation of GBP 145.916 mn.Element Secure Messenger provides a subscription-based platform designed for secure communications, catering to both individuals and organizations. The service enables users to maintain control over their data and choose their hosting methods, effectively addressing privacy concerns. With a global clientele that includes government bodies and private sectors, Element’s offerings support secure collaboration across various user platforms.For the most recent fiscal year 2023, Element reported a revenue of GBP 10,205,352 with an EBITDA of GBP -15,498,385. The revenue is generated through direct client subscriptions, which vary according to different service levels tailored to meet diverse client needs.Following its SERIES B funding round in July 2021, Element intends to expand its technology to better serve large organizations currently utilizing its platform. The focus will be on enhancing product offerings and exploring new geographic markets to meet rising demand. The funding will facilitate these technological advancements and strategic expansions.

## Funding rounds

- Series B, Jul 19, 2021, $30M — Notion Capital, Automattic Inc., Protocol Labs, Inc., Metaplanet Holdings
- Series A, Sep 27, 2019, $8.4M — Dawn Capital, Notion Capital, Firstminute Capital

## Investors

- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A, Series B
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Series A
- Automattic Inc. — Series B
- Protocol Labs, Inc. — Series B
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series B