Things Mobile S.r.l.
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Things Mobile S.r.l. - overview
Established
2017
Location
Milan, -, Italy
Primary Industry
Telecoms
About
Things Mobile S. r. l. is an Italian company that provides IoT SIM cards and M2M connectivity solutions primarily for data transmission, enabling businesses to facilitate seamless communication between IoT devices globally.
Founded in 2017, Things Mobile specializes in delivering IoT connectivity solutions. The company is headquartered in Milan, Italy. The founder, Juan De La Coba, has a background in technology and telecommunications. Things Mobile was acquired by Wireless Logic Limited in July 2021 from Angelsim Sàrl.
The company has engaged in three deals and raised a total of EUR 0. 30 mn, with the most recent funding round being a Seed round where EUR 0. 30 mn was raised from Angelsim Sàrl. Things Mobile specializes in providing IoT SIM cards and M2M connectivity solutions designed for data transmission.
Their offerings include durable SIM cards that can withstand extreme conditions and have a lifespan of up to 10 years. Supporting various form factors, including mini, micro, and nano SIMs as well as embedded eSIMs, their solutions cater to diverse sectors such as smart logistics, telehealth, fleet management, and smart cities. Things Mobile's services facilitate reliable communication between IoT devices in over 165 countries, connecting with more than 350 roaming operators. In the most recent year of 2023, Things Mobile reported a revenue of EUR 4,025,722.
50 and an EBITDA of EUR 2,142,903. Their pricing model includes charging clients EUR 0. 10 per MB in primary markets without upfront fees, with various data package options catering to diverse business needs. Things Mobile aims to expand its market presence by launching new IoT products and enhancing its service offerings.
Recent funding will be utilized to support these initiatives, although specific new products and timelines have not been disclosed. The company is also focused on expanding into new geographic regions, specifically targeting markets that enhance their global footprint. The acquisition by Wireless Logic Limited may provide additional resources to facilitate these growth strategies.
Primary Industry
Telecoms
Sub Industries
Telecoms Providers & Services
Website
www.thingsmobile.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Things Mobile S.r.l. - timeline of key events
Things Mobile S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Apr 30, 2023 | Apr 30, 2024 | Apr 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 20,676 | 203,011 | 778,657 | 1,731,373 | 2,697,971 | 1,056,169 | - | - | - |
| % Revenue Growth (YoY) | - | 881.9% | 283.6% | 122.4% | 55.8% | (60.9%) | - | - | - |
| EBITDA (USD) | (119,733) | (382,308) | 8,106 | 178,956 | 979,052 | 490,585 | - | - | - |
| Operating Income (USD) | (169,643) | (482,866) | (113,703) | 62,412 | 823,816 | 443,537 | - | - | - |
| Operating Margin | (820.5%) | (237.9%) | (14.6%) | 3.6% | 30.5% | 42.0% | - | - | - |
| % EBITDA Margin | (579.1%) | (188.3%) | 1.0% | 10.3% | 36.3% | 46.4% | - | - | - |
| NET Income (USD) | (133,979) | (372,228) | (93,483) | 29,857 | 583,885 | 318,243 | - | - | - |
| % Net Margin | (648.0%) | (183.4%) | (12.0%) | 1.7% | 21.6% | 30.1% | - | - | - |
Things Mobile S.r.l. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Things Mobile S.r.l. | - |
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Things Mobile S.r.l. - employee data
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