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Successfully funded
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/201801/18056925_1041776855952949_7210723829350768958_n_f07795612bb7b98302fe1205fcfb870b.png)
Wave is an app that allows its 11 million users to locate their contacts in real time on a private map. The company has surpassed its KPI targets over the last 18 months and it’s continuing to dominate the live location market. After a successful raise in 2016, Wave is now opening a new chance to invest alongside experienced local angels and 2 international VC's.
- More than 11 million users in over 150 countries
- Backed by over 550 investors, experienced Angels and VCs
- From being a pre-revenue company to start monetising
- Retention rate of more than 80% in month 6 for active users
This is a Spanish incorporated company. Non-Spanish investors investing £50,000+ directly (not via nominee) will need a Foreigners' Identity Number.
Idea
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/b41b05537c94a24ccedca26c785b4893.jpg "Last raise VS actual")
Last raise VS actual
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/a33d5a91fa6b65c102fe10b473854b7f.jpg "Our main KPI's")
Our main KPI's
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/cd32a021e4e3074d761945f628046446.jpg "MAU's and DAU's")
MAU's and DAU's
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/313a6940a88f92c138d986773a56c887.jpg "Dailty ratios")
Dailty ratios
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/55bf8f5fe2abc05dc1810b580922ed6a.jpg "Daily use")
Daily use
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/1a1aeaf74427c3015f8146ca9d7114c1.jpg "User retention (Source: Amplitude)")
User retention (Source: Amplitude)
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/0d9761cd46eb8674af75483a26231cef.jpg "Growth")
Growth
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/22c71bafb5217d2713d1dc16dd522499.jpg "Sessions")
Sessions
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/7e5afd7ac39e061af93d4868264dd3ef.jpg "Competition")
Competition
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201802/59af2271ad8052bfb094aa3f5b93e1e1.jpg "Zenly acquisition")
Zenly acquisition
Wave is an app that enables anyone to share their live location with their friends and family on a private map. There are dozens of daily situations in which Wave is a helpful and effective tool. Families, security, festivals, ski trips, tourism, sports, or simply when 2 or more people want to meet.
With a top-notch technology and a complete set of features, Wave makes the process of locating each other easy, fast, safe and fun.
Wave is aiming to take over a still orphan market, with few other solutions. Recently Zenly, with 1/4 of the metrics of Wave, was sold for $250 to $350m. Wave is aiming for so much more.
Wave raised a round with Crowdcube in 2016, from almost 600 investors, and since then:
a) Wave has grown from 3.5m to 11m users
b) The retention rate has grown from 20% to more than 80%. This is our proudest KPI.
c) From investing in user acquisition to have all of the growth totally organic, with zero investment in communication.
d) From being a pre-revenue company to start monetising, experiencing an increase in revenue from €4,500 to €40,700 in 2017 (800% growth).
e) From 10 people to 22 team members, having attracted some of the best tech talent worldwide.
f) Re-shaping our complete backend to deliver the best technology up to date.
We're opening the opportunity to co-invest with local Angels and VC's at the same conditions.
There are government loans in the business.
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