# Liber8Tech Hungary Kft.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liber8tech-hungary-kft

- Industry: Consumer Products
- Headquarters: Budapest, Hungary
- Website: www.liber8tech.com
- Total disclosed funding: $0M
- Latest round: Seed (Jan 6, 2017)
- Investors on record: 1

## About

Liber8Tech Hungary Kft. is a technology company focusing on innovative smart wearable devices such as rings and bracelets, designed to enhance user connectivity and health tracking capabilities.Liber8Tech Hungary Kft., founded in 2015 and headquartered in Budapest, Hungary, develops wearable technology solutions. The company has received EUR 0.03 mn in Seed funding from Hiventures as of January 6, 2017. The founder, Sándor Oroján, has a history of entrepreneurial ventures, though details of previous companies are not specified.Liber8Tech specializes in innovative smart wearable devices, including stylish smart rings that connect with mobile devices and high-tech bracelets aimed at fitness tracking. These products enhance user convenience while allowing for health metrics monitoring, catering to tech enthusiasts and health-conscious consumers across North America, Europe, and Asia.In 2020, Liber8Tech reported a revenue of EUR 1,274.7 mn, alongside an EBITDA of EUR -4,513.6 mn, indicating significant operational challenges during that period.Liber8Tech plans to introduce new wearable products, although specific details on these releases have not been disclosed. The company is targeting expansion into additional markets in Europe and Asia by 2025. The funds raised in the Seed round will support these initiatives, focusing on product development and market entry strategies.

## Funding rounds

- Seed, Jan 6, 2017, $0M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed