# WeFi

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

- Industry: Software
- Headquarters: Fairfax, US
- Website: www.wefi.com
- Total disclosed funding: $27M
- Latest round: Series C (Jan 19, 2012)
- Investors on record: 4

## About

WeFi Inc. specializes in providing a Software Development Kit (SDK) that enhances connectivity for mobile and IoT devices, ensuring optimal performance with high-quality wireless networks.Founded in Fairfax, US, WeFi Inc. offers technology solutions for connecting mobile devices and IoT seamlessly. The company was involved in a strategic shift when it was sold by Lightspeed Venture Partners to TruConnect Communications in September 2016. David Ellis serves as the CEO, leading the organization towards innovative connectivity solutions. The company has raised a total of USD 10.00 mn across various funding rounds, with the latest being a Series C round led by Time Warner Pension Plan, contributing to the overall valuation of USD 53.33 mn.WeFi primarily offers a Software Development Kit (SDK) that automates and optimizes the connection of mobile devices and Internet of Things (IoT) devices to high-quality wireless networks. This solution is designed to ensure 'Always Best Connected' capabilities, allowing for seamless connectivity while reducing operational costs for telecom providers and IoT platform operators. The SDK serves various end users, including mobile network operators, enterprises in sports venues, and connected car manufacturers, providing them with advantages in network efficiency and user experience. The company’s data collection capabilities offer clients access to hundreds of anonymized data points compliant with GDPR, with an accuracy of 10x10 meters. These insights enhance business analytics through specialized dashboards and reports tailored for industries such as enterprise IoT and location-based services. The geographical markets for WeFi's products extend across North America, Europe, and parts of Asia, where mobile connectivity and data analytics are increasingly vital.WeFi generates revenue through subscription-based models and partnerships with mobile network operators and enterprise clients, capitalizing on its advanced SDK offerings. The company’s transaction structure typically involves licensing fees for the SDK, along with ongoing fees for data analytics services provided through its Software as a Service (SaaS) model. Clients engage in contracts that facilitate the integration of WeFi's technology into their existing systems, thereby enhancing their connectivity solutions. Specific pricing plans vary depending on deployment scope and service level, aligning with the distinct needs of industries such as sports, enterprise, and automotive sectors. Although detailed pricing information for individual services is not disclosed, WeFi’s flagship offerings are tailored to enhance network performance and data collection capabilities in a rapidly evolving technological landscape.WeFi Inc. is focused on developing new products aimed at improving connectivity solutions for its clients, with plans for future product launches aimed at enhancing its SDK capabilities. The company is targeting expansion into additional markets in Asia and Europe by 2025, leveraging its recent Series C funding of USD 10.00 mn to support these initiatives. This funding will also be utilized to enhance its research and development efforts, ensuring that WeFi remains at the forefront of connectivity technology.

## Funding rounds

- Series C, Jan 19, 2012, $10M — Lightspeed Venture Partners, Pitango, Time Warner Pension Plan
- Series B, Aug 4, 2009, $7M — Lightspeed Venture Partners, Pitango
- Series A, May 24, 2007, $3M — Lightspeed Venture Partners, Pitango
- Seed, Apr 20, 2006, $7.3M — Lightspeed Venture Partners, Pitango, Gemini Israel Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B, Series C
- Pitango (https://capitalatlas.ai/funds/pitango) — Seed, Series A, Series B, Series C
- Gemini Israel Ventures (https://capitalatlas.ai/funds/gemini-israel-ventures) — Seed
- Time Warner Pension Plan — Series C