# Soluto

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

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.soluto.com
- Total disclosed funding: $18M
- Latest round: Series B (Jun 23, 2011)
- Investors on record: 4

## About

Soluto provides technology solutions that enhance operational efficiency and user experiences, focusing on support services for digital devices to resolve issues like connectivity and optimization.Soluto is dedicated to improving support services for digital devices. The company was founded by Tomer Dvir and has been operational in Tel Aviv-Yafo, Israel. In November 2013, Soluto completed a Series B funding round, raising USD 10.20 mn led by Index Ventures, with participation from Bessemer Venture Partners, Giza Venture Capital, and Proxima Ventures. The company has participated in four investment deals, with its most recent being on 2013-11-12.Soluto offers a suite of technology solutions aimed at enhancing operational efficiency and user experience. The company focuses on support services for digital devices, addressing common issues such as connectivity problems and software troubleshooting. Their flagship product simplifies device management and protection for both personal and business users. Soluto caters to a diverse client base, including individual consumers and organizations, primarily in North America and Europe, where there is a growing need for reliable tech support solutions.Soluto operates on a subscription-based revenue model, allowing clients to access their services on a recurring basis. This includes tiered pricing plans that address various user needs, enabling both individuals and businesses to choose the appropriate support level. Clients can subscribe to service levels that offer features such as priority customer support and advanced security options. The company engages in direct-to-consumer sales as well as partnerships with retailers, facilitating broader access to its offerings.Soluto plans to expand its product offerings and enhance its market presence. The company is working on launching new products designed to further improve device support and management. Additionally, Soluto aims to enter new geographic markets to increase its reach and client base. Recent funding from the Series B round will be instrumental in supporting these initiatives. Notably, in October 2013, New Asurion Corporation made a bid of USD 130 million to acquire Soluto, with the deal finalized in November 2013.

## Funding rounds

- Series B, Jun 23, 2011, $10M — Index Ventures, Giza Venture Capital, Bessemer Venture Partners, Proxima Ventures
- Series A, Nov 3, 2009, $6.2M — Giza Venture Capital, Bessemer Venture Partners
- Seed, Jan 1, 2008, $1.6M — Proxima Ventures

## Investors

- Proxima Ventures (https://capitalatlas.ai/funds/proxima-ventures) — Seed, Series B
- Giza Venture Capital (https://capitalatlas.ai/funds/giza-venture-capital) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B