Wattio
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Wattio - overview
Location
San Sebastian, -, Spain
Primary Industry
Software
About
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.
Current Investors
Gestion de Capital Riesgo del Pais Vasco
Primary Industry
Software
Sub Industries
Hardware, Connectivity Software, Systems Management Software
Website
www.wattio.com
Verticals
IoT (Internet of Things)
Company Stage
Series A
Total Amount Raised
Subscriber access only
Wattio - timeline of key events
Wattio - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 251,711.5 | 634,202.4 | 246,522.9 | 151,933.5 | - | - | - |
| % Revenue Growth (YoY) | - | 152.0% | (61.1%) | (38.4%) | - | - | - |
| EBITDA (USD) | (376,340.1) | (173,673.3) | (453,269.4) | (662,836.9) | - | - | - |
| Operating Income (USD) | (556,002.2) | (386,290.9) | (653,285.1) | (860,868.6) | - | - | - |
| Operating Margin | (220.9%) | (60.9%) | (265.0%) | (566.6%) | - | - | - |
| % EBITDA Margin | (149.5%) | (27.4%) | (183.9%) | (436.3%) | - | - | - |
| NET Income (USD) | (392,533.4) | (286,751.1) | (468,658.5) | (841,551.7) | - | - | - |
| % Net Margin | (155.9%) | (45.2%) | (190.1%) | (553.9%) | - | - | - |
Wattio - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A | Completed | Wattio | - |
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Wattio - employee data
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