Chestnote NV

Chestnote NV specializes in developing innovative contextual messaging solutions through a patented API, enhancing communication by integrating various factors such as location, time, and weather into mobile applications. Chestnote NV, founded in 2015 in Belgium, focuses on contextual messaging technology. The company was established by Tom Le Clef, who has a background in technology startups. Chestnote raised EUR 0.

65 million in Seed funding on December 18, 2016, from investors including imec. istart and Nova Reperta, which was the total amount raised to date, indicating investor confidence in its business model. Chestnote offers a patented API that enables the creation and management of contextual messaging solutions, which integrate elements such as time, location, and weather to enhance content delivery for mobile applications. This API allows businesses to deliver personalized messages based on specific meteorological conditions, geographical locations, and predefined time slots.

Notable clients include KBC, a major bank in Belgium, and TUI, an international travel provider. The company operates in various sectors, including finance and travel, effectively serving millions of users across multiple European markets. In 2019, Chestnote reported zero revenue with a revenue model based on a licensing approach that scales with client success. The firm provides SDKs and API integrations for contextual messaging capabilities, with clients purchasing licenses based on usage and message volume.

In 2023, Chestnote reported an EBITDA of EUR -2,419. 2 mn. Chestnote plans to leverage the EUR 0. 65 million raised in its latest funding round to enhance product development and expand its market presence.

The company is focused on launching new features for its API that enhance user engagement and will target additional European markets for expansion by 2025.