Gowex

Gowex specializes in telecommunications and public WiFi services, offering innovative solutions for urban connectivity through its Telecom Services and Wireless divisions, aimed at enhancing access to internet in public spaces. Gowex, founded in 1998 in Madrid, Spain, provides telecommunications and public WiFi solutions. It has undergone strategic pivots in its service offerings and operates independently. The founder, Jenaro Martín, has an entrepreneurial background.

The company has raised a total of EUR 0. 50 mn in recent funding, with the latest round being a Growth round led by M Capital on December 5, 2013. Gowex offers two main product lines: Gowex Telecom Services and Gowex Wireless. The telecom services operate a B2B platform for capacity trading among telecom operators, while the wireless division focuses on deploying public WiFi networks in urban areas, allowing free internet access financed through geolocalized advertising and partnerships with local businesses.

The company has established operations in various international markets, including significant cities across Europe, the Middle East, and parts of Asia. In 2012, Gowex generated revenue of EUR 116,759,540. 80 with an EBITDA of EUR 29,579,548. 30.

The company's revenue stream primarily comes from its WiFi services, relying on advertising generated from users accessing free WiFi, as well as agreements with municipalities and local businesses that incentivize promotional partnerships. Gowex aims to expand its services by exploring new product offerings and enhancing its public WiFi solutions. It is focused on penetrating additional urban markets across Europe and Asia by 2015. The funding from the recent Growth round will be directed towards scaling their operations and developing new technologies to improve service delivery.

Additionally, Gowex's recent deal in December 2013, where Midi Capital sold 50% of its holdings, may influence its strategic direction moving forward.