Amid Strong Growth, Tile Secures $40 Million From Capital Ip To Further Invest In Finding Technology For Everyone &Amp; Everything
Amid Strong Growth, Tile Secures $40 Million From Capital Ip To Further Invest In Finding Technology For Everyone &Amp; Everything
09/16/21, 4:30 PM
Location
san mateo
Money raised
$40 million
Industry
apps
software
hardware
consumer electronics
Amid strong revenue, paid subscriber and partner growth, Tile, the pioneer in finding technology, has raised $40 million of non-dilutive debt financing from Capital IP. The funding will drive continued investment in finding technologies that are built to work for everyone and everything. The news comes as Tile plans to unveil its latest slate of product and feature updates in October.
Company Info
Location
san mateo, california, united states
Additional Info
Locating millions of unique items every day, TileTM gives everything the power of smart location. Leveraging its vast community that spans 195 countries, Tile's cloud-based finding platform helps people find the things that matter to them most. In addition to devices in multiple form factors for every use case, Tile works with over 40 different third party devices, leveraging its finding technology across audio, travel, wearables and PC categories. Recently awarded #5 on Fast Company's list of Most Innovative consumer electronics companies, Tile is based in San Mateo, CA and is backed by Francisco Partners, Bessemer Venture Partners, and GGV Capital. For more information, please visit Tile.com.