# Wirepas

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

- Industry: Telecoms
- Headquarters: Tampere, Finland
- Website: https://wirepas.com/
- Total disclosed funding: $19M
- Latest round: Series B (May 14, 2019)
- Investors on record: 5

## About

Based in Finland, Wirepas Oy specializes in innovative connectivity solutions, focusing on mesh networking technologies designed for industrial and commercial Internet of Things (IoT) applications. Wirepas Oy is a connectivity solutions provider headquartered in Tampere, Finland, founded in 2010 by Teemu Laukkarinen. The company has not undergone significant pivots or changes in its business strategy since its inception. Wirepas primarily offers its innovative connectivity solutions through the Wirepas Connectivity Suite, which encompasses various mesh networking technologies tailored for industrial and commercial Internet of Things (IoT) applications. The suite includes three main product profiles: 5G Mesh, Mesh 2.4 GHz, and Mesh Sub-GHz, all designed to enable scalable, reliable, and efficient connections among millions of devices. Wirepas Mesh technology is recognized for its self-building and self-healing capabilities, allowing for seamless integration and maintenance without the need for physical infrastructure or extensive network planning. Targeting sectors such as smart building automation, asset tracking, and smart metering, Wirepas serves a diverse client base, including enterprises in the logistics, healthcare, construction, and manufacturing industries, with deployments reported in various countries across Europe, North America, and Asia. Wirepas generates revenue primarily through the licensing of its Wirepas Connectivity Suite, with clients typically engaging in structured agreements that may include one-time license fees or ongoing subscriptions for access to its technology. In the most recent year, 2023, Wirepas reported a revenue of EUR 6,383,482.70 and an EBITDA of EUR -5,271,662.00. The transactions often involve B2B relationships, where companies integrate Wirepas technology into their own IoT solutions, benefiting from features such as monitoring, provisioning, and security services. In June 2026, Wirepas Oy raised EUR 24 million in venture funding from European Investment Bank. The company will use the June 2026 funding to invest in wireless networking technology development and broaden rollout of large-scale industrial Internet of Things networks.

## Funding rounds

- Series B, May 14, 2019, $16M — Tesi, Inventure, ETF Partners, Vito Ventures, KPN Ventures
- Series A, Mar 22, 2016, $1.7M — Inventure, Vito Ventures
- Series A, Aug 27, 2015, $1.7M — Inventure

## Investors

- Inventure (https://capitalatlas.ai/funds/inventure) — Series A, Series B
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Series A, Series B
- Tesi (https://capitalatlas.ai/funds/tesi) — Series B
- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series B
- KPN Ventures (https://capitalatlas.ai/funds/kpn-ventures) — Series B