# TEA networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tea-networks

- Industry: Software
- Headquarters: Istanbul, Turkey
- Website: www.tea-networks.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Oct 20, 2021)
- Investors on record: 1

## About

Based in Turkey, TEA Networks is a software company specializing in mission-critical in-home Wi-Fi management solutions, enhancing Internet Service Providers' capabilities through its innovative TEApot platform.TEA Networks, founded in 2018 and headquartered in Istanbul, Turkey, provides advanced Wi-Fi management solutions for Internet Service Providers. The company was established by Annamalai Chockalingam, Kerim Tok, and Sean Kim. In October 2021, TEA Networks raised EUR 1 million in Seed funding from Diffusion Capital Partners, bringing the total amount raised to EUR 1 million and establishing a current company valuation of EUR 9,000 mn.TEA Networks specializes in providing a mission-critical in-home Wi-Fi management solution, centered around its flagship product, TEApot (TEA Predictive Optimization Technology). TEApot enhances Internet Service Providers’ (ISPs) capabilities by managing the in-home Wi-Fi infrastructure for a multitude of connected devices. This platform employs High-Definition Predictive Optimization Technology to anticipate and rectify potential failures, addressing issues such as bandwidth consumption and network stability. The service aims to improve customer satisfaction and reduce support-related costs for ISPs across Europe and global markets.TEA Networks generates revenue primarily through subscriptions and partnerships with Internet Service Providers. The company provides ongoing access to its TEApot solution, which ISPs use to manage and optimize their customers' in-home Wi-Fi experiences. This transactional model allows for reduced support costs and enhanced service delivery, resulting in financial efficiencies for both TEA Networks and its partners. Pricing plans for the TEApot service are tailored to each client, reflecting varying service levels and capabilities required by different ISPs, which supports a steady revenue stream as ISPs integrate the solution into their offerings.TEA Networks plans to leverage its recent EUR 1 million Seed funding to enhance its product offerings and expand into new markets. The company aims to design and launch upcoming features for its TEApot solution and target expansion into additional regions across Europe. Strategies are in place to utilize funding to bolster marketing efforts and develop new functionalities to meet the evolving needs of ISPs, with a focus on improved customer retention and service delivery.

## Funding rounds

- Seed, Oct 20, 2021, $1.2M — Diffusion Capital Partners

## Investors

- Diffusion Capital Partners (https://capitalatlas.ai/funds/diffusion-capital-partners) — Seed