# Metawave Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metawave-communications

- Industry: Telecoms
- Headquarters: Redmond, US
- Website: www.metawave.com
- Total disclosed funding: $15M
- Latest round: Series C (Nov 12, 1996)
- Investors on record: 5

## About

Metawave Communications specializes in providing advanced communication solutions aimed at enhancing connectivity and operational efficiency for various enterprises.Metawave Communications is a technology company based in Redmond, US, that focuses on innovative communication solutions. Founded in 2000, it has pivoted to enhance its offerings and expanded its access to the market through an IPO in April 2000, raising USD 56.25 mn, which matches its total amount raised. The company has completed a total of 4 deals since its inception.The company specializes in offering a suite of digital solutions designed to enhance online presence and facilitate website development. Their core product is a website building platform that enables individuals and businesses to create fully functional and visually appealing websites without the need for extensive coding knowledge. This platform includes features such as customizable templates, e-commerce capabilities, and integrated marketing tools, aimed at small to medium-sized enterprises and entrepreneurs seeking to establish or improve their online footprint. The primary customer base comprises small business owners, freelancers, and creative professionals across various industries, including retail, services, and hospitality. Geographically, their products are available in multiple markets, including North America, Europe, and parts of Asia, catering to a diverse clientele with varying digital needs.In the most recent year, the company reported revenue of USD 14.33 mn, with an EBITDA of USD -39.31 mn. Their revenue model is primarily driven by subscription-based services allowing clients to access premium features on their website building platform, with various pricing plans available that may include monthly or annual subscriptions.Moving forward, Metawave Communications plans to launch new features and enhancements to their website building platform by the end of 2023, aiming to deepen customer engagement and expand service offerings. The company is also targeting expansion into new geographic markets in Asia and Europe by 2024, leveraging recent funding from their IPO to support these initiatives. The focus will be on integrating new technologies and partnerships that enhance their digital solutions.

## Funding rounds

- Series C, Nov 12, 1996, $15M — Oak Investment Partners, Sevin Rosen Funds, Worldview Technology Partners, Venrock, Integral Capital Partners

## Investors

- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C
- Sevin Rosen Funds (https://capitalatlas.ai/funds/sevin-rosen-funds) — Series C
- Worldview Technology Partners (https://capitalatlas.ai/funds/worldview-technology-partners) — Series C
- Venrock (https://capitalatlas.ai/funds/venrock) — Series C
- Integral Capital Partners (https://capitalatlas.ai/funds/integral-capital-partners) — Series C