Weex
Latest round
- Series A
Last raised
- Mar 2016
Total raised
- Undisclosed
Investors
- 1
About Weex
Weex specializes in mobile telecommunications services in Mexico, established in 2016 with its headquarters in Mexico City. The company's founder has not been disclosed, and it operates independently without known parent or subsidiary relationships.Weex provides mobile telecommunications services primarily in Mexico, leveraging one of the country's largest and most reliable 4G LTE networks. The company’s core offerings include flexible mobile plans designed to meet varying user needs, such as unlimited calls, messaging, and data packages tailored for popular applications like WhatsApp, Facebook, Instagram, and TikTok. Their plans range from short-term options, like a 7-day package with 1000 MB of free data, to longer-term solutions that include larger data allowances and additional features, such as a 3000 MB refill specifically for Facebook.Weex generates revenue through a direct-to-consumer model, offering subscription-based mobile plans that cater to a broad spectrum of users. Customers can choose from multiple pricing tiers, with the most notable plans priced at USD 49 for a week of service, USD 98 for 30 days with enhanced features, and USD 129, which includes significant data allowances and app refills. These offerings position Weex competitively in the market, appealing to budget-conscious consumers who prioritize flexibility and accessibility.Weex aims to enhance its market presence by developing new mobile plans that are set to launch in the upcoming quarter of 2024, explicitly designed for heavier data users and featuring more app-specific options. Additionally, the company is targeting expansion into Central American markets by late 2025, focusing on providing affordable mobile connectivity in regions where such services are underserved. The recent acquisition of Truu Innovation, Sapi De CV by Yonder Media Mobile Inc. in August 2019 has positioned Weex strategically to leverage additional resources for these initiatives, allowing for improved service offerings and increased market penetration.
Who invested in Weex
1 investor across 1 round
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Funding rounds
Series A
Mar 3, 2016
Amount
Undisclosed
Investors
Questions about Weex
Who invested in Weex?
Weex has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Weex raised?
Weex has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Weex last raise money?
Weex's most recent round on record is a Series A, in Mar 2016.
What does Weex do?
Weex specializes in mobile telecommunications services in Mexico, established in 2016 with its headquarters in Mexico City.
Where is Weex headquartered?
Weex is headquartered in Mexico City, Mexico.
Which VCs invest in companies like Weex?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back telecoms companies at Weex's stage. Their profiles are linked below.
VCs backing telecoms startups at Series A
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