# Spotwave Wireless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spotwave-wireless

- Industry: Telecoms
- Headquarters: Canada
- Website: www.spotwave.com
- Total disclosed funding: $7.4M
- Latest round: Series C (Aug 23, 2004)
- Investors on record: 5

## About

Spotwave Wireless Inc. specializes in innovative wireless communication solutions that enhance connectivity for enterprises across multiple sectors, including technology and healthcare.Founded in 2000 and headquartered in Canada, Spotwave Wireless Inc. provides advanced solutions in wireless communications. The company was previously involved in various business strategies and has completed 10 significant deals, with the latest funding round occurring on January 16, 2008, when it raised USD 2.5 mn from investors including Dow Chemical Company and Dow Venture Capital. In January 2008, Spotwave Wireless Inc. was acquired by Kavveri Telecom Products Limited. The founder's prior experience is not detailed, and there are no mentions of subsidiaries or parent companies.Spotwave Wireless Inc. offers advanced software platforms designed to enhance operational efficiency through seamless data integration and analytics. These solutions cater to enterprises in technology, healthcare, and finance sectors, addressing challenges like data silos. The company has successfully launched its products across North America, Europe, and parts of Asia, ensuring they meet the diverse needs of both small to medium-sized businesses and large corporations.The revenue model of Spotwave Wireless Inc. is subscription-based, allowing clients to access software solutions through annual contracts. They offer tiered pricing plans that align with operational requirements and have bolstered revenue streams through partnerships with technology integrators, enhancing product distribution. This approach fosters customer retention, supported by a robust client support system.Spotwave Wireless Inc. aims to expand its product offerings by introducing new software solutions tailored for emerging technologies, with potential launches scheduled for 2023. The company is also targeting expansion into the European and Asian markets by the end of 2024, utilizing the recent funding of USD 2.5 mn to support these initiatives.

## Funding rounds

- Series C, Aug 23, 2004, $5.5M — Rising Tide, VenGrowth Capital Partners, Primaxis Technology Ventures, VentureLink Funds, Venture Coaches
- Series A, Jul 1, 2001, $1.9M — Primaxis Technology Ventures, Venture Coaches

## Investors

- Primaxis Technology Ventures (https://capitalatlas.ai/funds/primaxis-technology-ventures) — Series A, Series C
- Venture Coaches (https://capitalatlas.ai/funds/venture-coaches) — Series A, Series C
- Rising Tide — Series C
- VenGrowth Capital Partners (https://capitalatlas.ai/funds/vengrowth-capital-partners) — Series C
- VentureLink Funds — Series C