# floLive

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

- Industry: Telecoms
- Headquarters: London, UK
- Website: www.flolive.net
- Total disclosed funding: $86M
- Latest round: Series C (Jul 6, 2023)
- Investors on record: 8

## About

Based in the UK, floLive Ltd. delivers advanced IoT connectivity solutions, utilizing a hyperlocal global data network to streamline management and monitoring of IoT devices across numerous industries.Founded in 2015 and headquartered in London, UK, floLive Ltd. specializes in IoT connectivity solutions. The company has completed 4 deals, with its most recent funding round occurring on July 6, 2023, which raised USD 46.81 mn in SERIES C funding. This round was co-led by Greenfield Partners and included participation from 83 North, Dell Technologies Capital, Qualcomm Ventures, and Saban Ventures. The current company valuation stands at USD 95.046 mn. The CEO is Nir Shalom, and the company was founded by Jeegar Swaly.FloLIVE specializes in providing IoT connectivity solutions through its floCONTROL IoT Connectivity Platform, which supports device management across over 50 countries. The platform offers direct network access, device monitoring, and remote operator switching for various applications, including narrowband communications. Their services cater to global enterprises, mobile operators, and IoT service providers, with customizable options that ensure secure, low-latency, and high-speed network experiences. The unified REST API enables clients to efficiently integrate and scale their IoT operations across industries.In 2022, floLive reported revenue of USD 4.77 mn, with an EBITDA of USD -18.38 mn. The company's revenue model operates on a pay-as-you-grow basis, allowing clients to only pay for active IoT devices, primarily through B2B transactions for their IoT connectivity services, which include mobile private networks and cloud-based billing systems.Following the recent SERIES C funding of USD 46.81 mn raised on July 6, 2023, floLive aims to leverage this investment for global expansion and to introduce new products to the market. The company is focused on enhancing its product offerings and extending its reach into new markets, with specific regions targeted for future growth.

## Funding rounds

- Series C, Jul 6, 2023, $47M — Qualcomm Ventures, 83 North, Dell Technologies Capital, Saban Ventures, Greenfield Partners
- Series B, Jun 29, 2021, $16M — Intel Capital, Qualcomm Ventures, 83 North, Arie Capital, Dell Technologies Capital, Saban Ventures
- Series B, Sep 17, 2019, $19M — Qualcomm Ventures, 83 North, Dell Technologies Capital, Saban Ventures
- Series A, Feb 28, 2017, $4.2M — Arie Capital, Golden Sunflower Capital

## Investors

- Arie Capital (https://capitalatlas.ai/funds/arie-capital) — Series A, Series B
- Golden Sunflower Capital (https://capitalatlas.ai/funds/golden-sunflower-capital) — Series A
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B, Series C
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series B, Series C
- Saban Ventures (https://capitalatlas.ai/funds/saban-ventures) — Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Greenfield Partners (https://capitalatlas.ai/funds/greenfield-partners) — Series C