# Toitware

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toitware-aps

- Industry: Software
- Headquarters: Aarhus, Denmark
- Website: www.toitware.com
- Latest round: Seed (Feb 25, 2019)
- Investors on record: 1

## About

Toitware ApS develops advanced software platforms tailored for the ESP32 microcontroller, enhancing the capabilities of developers within the Internet of Things (IoT) space through innovative programming solutions.Founded in 2018 in Aarhus, Denmark, Toitware ApS focuses on providing software solutions for embedded systems. The company was initiated by founders Florian Loitsch and Kasper Lund, who have leveraged their expertise in technology development. Toitware secured SEED funding in February 2019 with undisclosed financial terms, marking their first investment milestone.Toit specializes in providing a high-level software platform specifically designed for the ESP32 microcontroller, positioning itself as a comprehensive solution for developers in the Internet of Things (IoT) sector. Its primary offering is the Toit programming language, a modern, memory-safe, object-oriented language that streamlines the development process for embedded systems. This allows developers to deploy code in mere seconds, circumventing the lengthy flashing process typical of microcontrollers. The platform ensures secure and efficient management of firmware and applications on devices that can be remotely serviced and continuously updated over cellular connections. Toit caters to technology startups and developers aiming to integrate various peripherals through established protocols like I2C, SPI, I2S, and UART. The company's products are marketed globally, with a focus on regions with rapid IoT adoption, including North America, Europe, and parts of Asia.Toit operates on a revenue model that includes subscription services for its software platform and partnerships with technology startups. Clients engage in transactions to access premium features of the Toit programming language, which may include fleet management tools and tailored device software solutions. Revenue is generated through structured subscription plans that offer tiered access to development tools and support, allowing clients to scale their usage according to project needs. This model emphasizes direct relationships with B2B clients, ensuring comprehensive support for diverse technological requirements, while maintaining control over data and device management. In 2022, the company reported an EBITDA of -USD 159,483.30.Toitware ApS is strategizing its future growth through the launch of new products featuring enhanced capabilities for IoT applications, with expected releases in the coming years. The company aims to expand into key markets across North America and Asia by 2025, leveraging its innovative software solutions to capture emerging opportunities in these regions. The SEED funding raised in February 2019 will support these initiatives, primarily focusing on product development and market entry strategies.

## Funding rounds

- Seed, Feb 25, 2019 — Creandum

## Investors

- Creandum (https://capitalatlas.ai/funds/creandum) — Seed