# Socowave

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

- Industry: Marketing/Advertising
- Headquarters: Dublin, Ireland
- Website: www.socowave.com
- Total disclosed funding: $3.8M
- Latest round: Series A (Jul 22, 2010)
- Investors on record: 1

## About

Socowave is a digital communication solutions provider that focuses on enhancing customer engagement and operational efficiency through advanced tools designed for seamless interactions across various sectors.Socowave provides innovative digital communication solutions aimed at improving customer engagement. The company is headquartered in Dublin, Ireland. In July 2010, Socowave raised EUR 2.98 million in Series A funding led by Balderton Capital. The funding round values Socowave at EUR 10.61 million post-money. The founder's history and additional details about subsidiaries or pivots are not disclosed.Socowave offers innovative solutions designed to enhance customer engagement and operational efficiency. The company's core products focus on advanced digital communication tools that facilitate seamless interactions between businesses and their clients. These tools are particularly beneficial for sectors such as retail, hospitality, and healthcare, where timely communication is crucial for customer satisfaction. Released in recent years, the products are tailored for both B2B and B2C environments, ensuring versatility in their application. Socowave serves a diverse clientele, including medium to large enterprises across North America and Europe, enabling them to improve service delivery and foster loyalty among their end users.Socowave's revenue model is primarily based on subscription services, where clients pay for access to their suite of communication tools. The structured pricing plans vary depending on the level of service and features required, catering to businesses of different sizes and needs. The revenue for the most recent year, 2014, was EUR 209,047. Socowave reported an EBITDA of EUR -1,841,035. Additionally, partnerships with third-party retailers enhance the distribution of their flagship products, allowing for wider market penetration. This transactional approach ensures a consistent revenue stream as businesses increasingly recognize the value of effective communication strategies in driving customer engagement.In July 2010, Socowave raised EUR 2.98 million in Series A funding, led by Balderton Capital, to support its growth initiatives. The funding will be used to enhance their product offerings and accelerate market expansion. The company is focused on developing new products that improve digital communication capabilities, with a target to launch these innovations within the next two years. Socowave aims to expand its market presence into regions beyond North America and Europe, specifically targeting the Asia-Pacific market by 2015, to tap into the growing need for effective communication solutions.

## Funding rounds

- Series A, Jul 22, 2010, $3.8M — Balderton Capital

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A