# FIDO Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fido-tech

- Industry: Software
- Headquarters: UK
- Website: www.fido.tech
- Total disclosed funding: $26M
- Latest round: Series B (Sep 25, 2024)
- Investors on record: 3

## About

FIDO Tech Limited, based in the UK, specializes in advanced water leak detection and management solutions, transforming how corporations and utilities manage their water resources with innovative technology.Founded in 2014 in the UK, FIDO Tech Limited focuses on water management technologies. The company has undergone strategic pivots to enhance its product offerings. Notable founders include Neil Edwards and Victoria Edwards, with Victoria currently serving as CEO. FIDO Tech has recently raised EUR 7.20 mn in Series B funding, primarily from Emerald Technology Ventures, which supports its strategic initiatives in water technology. The company has completed 2 deals to date, with the most recent deal occurring on October 2, 2024.FIDO Tech Limited specializes in advanced water leak detection and management through its core product, FIDO AI. This platform analyzes global water data to provide verified insights for identifying and prioritizing leaks within water networks. It serves clients including corporate entities and utility companies, focusing on improving water resilience and reducing leak investigation costs. The company is active in markets facing water scarcity, with projects in major urban areas such as London.In 2023, FIDO Tech Limited reported a revenue of EUR 3,866,161.60, accompanied by an EBITDA of EUR -5,185,414.50, indicating operational challenges despite its revenue generation efforts through subscription-based models and partnerships for sustainable water management.Following its Series B funding round on October 2, 2024, FIDO Tech Limited plans to enhance its market presence and product offerings. The funding will be allocated to support the company’s strategic growth initiatives, including the development of new water management products and expansion into additional geographical markets. Specific target regions for expansion have not been disclosed, but the recent funding aims to bolster the company's influence and operational capabilities.

## Funding rounds

- Series B, Sep 25, 2024, $26M — Emerald Technology Ventures, SKion Water GmbH, CRH Ventures

## Investors

- Emerald Technology Ventures (https://capitalatlas.ai/funds/emerald-technology-ventures) — Series B
- SKion Water GmbH — Series B
- CRH Ventures (https://capitalatlas.ai/funds/crh-ventures) — Series B