Filo S.r.l.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Filo S.r.l. - overview
Established
2014
Location
Rome, -, Italy
Primary Industry
Consumer Products
About
Filo S. r. l. designs and manufactures innovative tracking devices that allow users to easily locate their personal belongings through a mobile application, enhancing everyday convenience and peace of mind.
Filo S. r. l. specializes in creating tracking solutions and was founded in 2014 in Rome, Italy.
The company has raised a total of EUR 0. 500 mn across various funding rounds, with the most recent being a Seed round in May 2023 from LVenture and Pi Campus. The company was acquired in May 2023 by Traveler Innovations Ltd. The current CEO is Lorenzo Magnelli.
Filo specializes in the development of innovative tracking devices designed to help users locate their personal belongings easily. Their flagship product, the Filo Tag, is a small, portable device that can be attached to various items such as keys, wallets, and bags, enabling users to track them through a mobile application. The Filo Tag connects to the app via Bluetooth technology, allowing users to make the device ring or view its last known location on a map. This device also features a 'Comfort Zone' function, which alerts users if they leave an item behind.
Filo's products are primarily targeted at consumers looking for practical solutions to everyday loss and misplacement issues. These devices are sold in multiple geographical markets, including the United States, Canada, and various countries across Europe and Asia, catering to a diverse clientele seeking convenience in managing their personal items. In 2023, Filo generated a revenue of EUR 1,807,028. 80, with an EBITDA of EUR -317,331.
10 for the same year. The company's revenue streams come from direct sales of its devices, including the Filo Tag, through a direct-to-consumer sales model, allowing purchases online and through select retailers. Following its acquisition in May 2023, Filo S. r.
l. plans to leverage the new ownership to expand its product lineup and enhance its market presence. The company is actively developing new tracking devices and aims to enter new geographic markets in Europe and Asia by the end of 2024. The recent Seed funding will support these product development initiatives and market expansion efforts.
Current Investors
LVenture, LUISS Enlabs, Pi Campus
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Web Applications
Website
www.filotrack.com
Verticals
IoT (Internet of Things), Mobile Apps
Total Amount Raised
Subscriber access only
Filo S.r.l. - timeline of key events
Filo S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,159 | 247,792 | 635,525 | 815,693 | 807,952 | 3,585,640 | 10,049,610 | 2,079,684 | - | - | - |
| % Revenue Growth (YoY) | - | 4703.1% | 156.5% | 28.3% | (0.9%) | 343.8% | 180.3% | (79.3%) | - | - | - |
| EBITDA (USD) | 3,518 | (94,825) | 2,366 | (50,796) | (360,833) | 348,470 | 551,092 | (812,687) | - | - | - |
| Operating Income (USD) | 879 | (126,958) | (34,980) | (118,024) | (476,098) | 101,914 | 199,993 | (812,687) | - | - | - |
| Operating Margin | 17.0% | (51.2%) | (5.5%) | (14.5%) | (58.9%) | 2.8% | 2.0% | (39.1%) | - | - | - |
| % EBITDA Margin | 68.2% | (38.3%) | 0.4% | (6.2%) | (44.7%) | 9.7% | 5.5% | (39.1%) | - | - | - |
| NET Income (USD) | 169 | (129,551) | (22,474) | (85,631) | (368,246) | 55,628 | 98,109 | (668,600) | - | - | - |
| % Net Margin | 3.3% | (52.3%) | (3.5%) | (10.5%) | (45.6%) | 1.6% | 1.0% | (32.1%) | - | - | - |
Filo S.r.l. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.