# Shayp

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

- Industry: Electronics
- Headquarters: Brussels, Belgium
- Website: www.shayp.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Nov 27, 2020)
- Investors on record: 5

## About

Shayp SA provides advanced water efficiency solutions, utilizing machine learning technology to detect leaks and monitor water consumption in buildings, promoting sustainability and effective resource management.Shayp SA, founded in 2017 in Brussels, Belgium, specializes in water efficiency solutions designed to detect leaks and monitor consumption within buildings. The company was co-founded by Alexandre Mccormack and Gregoire de Hemptinne. Shayp has successfully raised EUR 1.90 mn through 3 funding deals, with the latest round being a SEED round led by Signa Innovations and supported by AMAVI Capital and Finance&invest.brussels.Shayp specializes in advanced water efficiency solutions designed to detect leaks and monitor water consumption within buildings. Their core product is a non-invasive water leak detection service that utilizes machine learning for accurate monitoring of water flow. By employing real-time analytics, Shayp's technology identifies leaks and anomalies almost instantaneously, providing building operators with comprehensive, remote access to their water systems without the need for manual configuration or invasive installations. Shayp serves a diverse client base that includes multi-residential properties, commercial establishments, hospitals, educational institutions, and public organizations across various geographical markets, including major cities in Europe. The technology has been implemented in numerous facilities, such as hospitals and universities, to enhance water management practices and foster sustainability.Shayp's revenue for the most recent year, 2022, was EUR 610,906.2, with an EBITDA of EUR -98,970.9 for 2023. The company generates revenue through subscription services and partnerships, providing continuous monitoring solutions via a proprietary datalogger that operates for up to ten years.Shayp plans to expand its product offerings and enhance its technology with the latest funding raised to develop new features aimed at improving water management efficiency. The company also aims to penetrate additional European markets by the end of 2024, targeting regions that are experiencing increasing demands for sustainable water solutions. Recent investments will support these initiatives, allowing Shayp to strengthen its market presence and innovate in its service delivery.

## Funding rounds

- Seed, Nov 27, 2020, $1.8M — Finance&invest.brussels, Signa Innovations, AMAVI Capital
- Seed, Apr 10, 2018, $0.4M — BeAngels, imec.istart

## Investors

- BeAngels (https://capitalatlas.ai/funds/beangels) — Seed
- imec.istart — Seed
- Finance&invest.brussels — Seed
- Signa Innovations — Seed
- AMAVI Capital (https://capitalatlas.ai/funds/amavi-capital) — Seed