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Amid Strong Growth, Tile Secures $40 Million From Capital Ip To Further Invest In Finding Technology For Everyone &Amp; Everything

Sep 16, 2021•about 4 years ago

Amount Raised

$40 Million

San MateoAppsSoftwareHardwareConsumer Electronics

Description

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 Information

Company

Tile

Location

San Mateo, California, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech