Wattio

Wattio develops smart home solutions that enhance energy efficiency and user comfort through innovative IoT technology, enabling users to control their environment seamlessly. Founded by Lincoln Romaro and Patxi Echeveste, Wattio specializes in smart home technology. The company is headquartered in San Sebastian, Spain, and has undergone a strategic pivot since its inception. In November 2012, Wattio received EUR 0.

5 million in Series A funding from Gestión de Capital Riesgo del País Vasco, marking a significant milestone in its development. Patxi Echeveste currently serves as the CEO. Wattio offers a range of smart home products designed to optimize energy consumption and improve user interaction with their living spaces. Their technology integrates various IoT devices, providing users the ability to monitor and control heating, lighting, and other home systems through a cohesive application interface, enhancing overall home automation.

In the most recent fiscal year 2021, Wattio reported a revenue of EUR 295,909. 70, with an EBITDA of EUR 107,753. 60. Wattio plans to expand its product lineup with new smart home devices aimed at increasing energy efficiency, expected to launch in late 2023.

The company is also targeting entry into international markets, with a focus on expanding its presence in the European market by 2024. The recent funding of EUR 0. 5 million will be utilized to support product development and market expansion initiatives.