# SILVAIR sp. z o. o.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silvair-sp-z-o-o

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.silvair.com
- Total disclosed funding: $23M
- Latest round: Series A (Jun 21, 2017)
- Investors on record: 5

## About

Silvair sp. z o. o. provides innovative wireless lighting control systems utilizing the Bluetooth mesh standard, aiming to enhance energy efficiency and operational management for businesses and institutions.Founded in 2013 in San Francisco, US, Silvair sp. z o. o. focuses on developing wireless lighting control solutions. The company was established by Adam Gembala, Janusz Bielicki, Jerzy Rylko, Rafal Han, and Szymon Slupik. The most recent funding round was an IPO in July 2018, raising PLN 20.1 million, which is also the total amount raised. The company is now listed on the Warsaw Stock Exchange.Silvair specializes in advanced wireless lighting control systems based on the Bluetooth mesh standard. Their core offerings include lighting control firmware, energy monitoring dashboards, and emergency lighting testing solutions. Aimed at various stakeholders such as facility managers and energy service companies, these solutions help in efficient energy consumption management. Silvair's products support the transition of existing infrastructures with minimal disruption and are marketed mainly in Europe and North America across sectors like commercial buildings and educational institutions.In the most recent year, Silvair reported revenues of PLN 372,000 with an EBITDA of PLN -1,350,000. Their revenue model includes subscription-based services and partnerships, primarily in a B2B context, catering to clients purchasing products like the lighting control firmware and energy monitoring tools for facility integration.Following the IPO on July 26, 2018, where Silvair raised PLN 20.1 million, the company plans to utilize these funds to develop upcoming products and expand into new markets. The strategic focus includes enhancing their product line with innovative solutions and targeting growth in new geographic regions. Specific expansion plans and product release dates will be outlined as the company progresses.

## Funding rounds

- Series A, Jun 21, 2017, $6.5M — Innovation Nest
- Series A, Nov 3, 2016, $12M — Digital Garage, Inc., CyberAgent Capital, New Europe Ventures, Trigon TFI
- Seed, Dec 17, 2015, $4.8M — CyberAgent Capital

## Investors

- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Seed, Series A
- Digital Garage, Inc. — Series A
- New Europe Ventures (https://capitalatlas.ai/funds/new-europe-ventures) — Series A
- Trigon TFI — Series A
- Innovation Nest (https://capitalatlas.ai/funds/innovation-nest) — Series A