WiFi - About the company
WiFi is a series A company based in Shanghai (China), founded in 2013 by . It operates as an App for quickly connecting to wifi hotspots without a password. WiFi has raised $62.6M in funding from Northern Light Venture Capital and Eight Roads Ventures, with a current valuation of $1B. The company has 717 active competitors, including 37 funded and 68 that have exited. Its top competitors include companies like Helium, iBUS and Boingo Wireless.
Sectors and market segments that WiFi operate in
WiFi serves in the B2C space in the Telecom market segments.The primary business model of WiFi is:Company Details
WiFi Master Key lets users share their WiFi hotspots on the platform, so users can find the available hotspots nearby and access the shared hotspots for free. Besides, the app also has a built-in power saver, traffic tracker, signal detector and tethering features, making it a handy WiFi connection management tool for smartphone users. To improve user experience, WiFi Master Key has invested extensively in finding ways to create a greater network of supplementary hotspots for even better results. Currently, the app’s hotspots are mainly hosted by companies, Internet service providers or governments as part of their smart city campaigns.. All ChinaNet hotspots, of which there are 8 million littered throughout the country, are available to Wifi Skeleton Key users. Those hotspots are run by China Mobile, the world’s largest telecom operator. App also crowdsources login credentials, so when one user logs into a hotspot, his or her credentials are added to the database so that everyone else on the app can also use that hotspot. Boasts 800 million users globally.
- Website
- Social
Key Metrics
Founded Year
2013
Location
Shanghai, China
Stage
Series A
Total Funding
in 3 rounds
Latest Funding Round
Post Money Valuation
as on Jun 01, 2017
Investors
Ranked
6th among 717 active competitors
Similar Companies
iBUS &
Legal entities associated with WiFi
WiFi is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
---|---|---|---|---|
Jul 18, 2014 | - | 449 | 195 |
Get your free copy of WiFi's company profile
WiFi's funding and investors
WiFi has raised a total funding of $62.6M over 3 rounds. Its first funding round was on May 22, 2015. Its latest funding round was a Series A round on 2017 for an undisclosed amount. 1 investor participated in its latest round, lead by Eight Roads Ventures.
WiFi has 9 institutional investors including Northern Light Venture Capital, Eight Roads Ventures and .
Here is the list of recent funding rounds of WiFi:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
---|---|---|---|---|---|
2017 | Undisclosed | Series A | $1B | - | |
Jun 05, 2015 | $10.6M | Series A | - | - | - |
May 22, 2015 | $52M | Series A | - | - |
View details of WiFi's funding rounds and investors
WiFi's founders and board of directors
The founders of WiFi is .
View details of WiFi's Founder profiles and Board Members
WiFi's Competitors and alternates
Top competitors of WiFi include Helium, iBUS and Boingo Wireless. Here is the list of Top 10 competitors of WiFi, ranked by ÃØÃÜÑо¿Ëù score :
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
---|---|---|---|---|---|
1st | Helium 2006, San Francisco (United States), Series D | Hardware mining solutions for cryptocurrency | $370M | SV Angel, Google VenturesÌý&²¹³¾±è;Ìý | 72/100 |
2nd | Provider of digital infrastructure and connectivity solutions for businesses and institutions | $141M | Morgan Stanley, NomuraÌý&²¹³¾±è;Ìý | 68/100 | |
3rd | Boingo Wireless 2001, Los Angeles (United States), Acquired | Provider of wireless WiFi internet services | $94.7M | Herald Investment Management, Saints CapitalÌý&²¹³¾±è;Ìý | 66/100 |
4th | Manufacturer of networking products | - | - | 62/100 | |
5th | WeLink 2011, San Jose (United States), Series A | Provider of internet services | $185M | Rising Tide Fund, Alchemist AcceleratorÌý&²¹³¾±è;Ìý | 61/100 |
6th | 2013, Shanghai (China), Series A | App for quickly connecting to wifi hotspots without a password | $62.6M | Eight Roads Ventures, Northern Light Venture CapitalÌý&²¹³¾±è;Ìý | 55/100 |
7th | BLiNQ 2010, Plano (United States), Acquired | Wireless backhaul solutions provider | $32.7M | BDC, Kensington Capital PartnersÌý&²¹³¾±è;Ìý | 59/100 |
8th | iPass 1996, Redwood City (United States), Acquired | WiFi hotspot access provider | - | Meritech, Millennium Technology Value PartnersÌý&²¹³¾±è;Ìý | 57/100 |
9th | Instabridge 2012, Stockholm (Sweden), Series A | Crowdsourced wi-fi hotspot network provider | $8M | Balderton Capital, Draper AssociatesÌý&²¹³¾±è;Ìý | 56/100 |
10th | Encryption based VPN service for secure and anonymous browsing | - | 55/100 |
Looking for more details on WiFi's competitors? Click to see the top ones
WiFi's Investments and acquisitions
WiFi has made no investments or acquisitions yet.
Reports related to WiFi
Here is the latest report on WiFi's sector:
View
News related to WiFi
•
•
36Kr•Aug 19, 2020•WiFi
•
TechCrunch+•Jan 25, 2019•WiFi
•
Telecom Asia•Dec 03, 2018•WiFi
•
SHINE•Nov 28, 2018•WiFi
•
•
SuperbCrew•Nov 16, 2015•WiFi
•
Fortune•May 22, 2015•WiFi, Northern Light Venture Capital, , Haitong International Securities Group
•
Frequently asked questions about WiFi
When was WiFi founded?
WiFi was founded in 2013.Where is WiFi located?
WiFi is located in Shanghai, China.Is WiFi a funded company?
WiFi is a funded company, its first funding round was on May 22, 2015.When was the latest funding round of WiFi?
WiFi's latest funding round was on 2017.How much is WiFi worth?
The latest valuation of WiFi is $1B as on Jun 01, 2017.What is the annual revenue of WiFi?
Annual revenue of WiFi is undefined as on undefined.Is WiFi a Telecom Operators company?
The primary sector of WiFi is Telecom Operators.Our Lite Plan Awaits you - Its Free!
Sign up now to unlock full access to curated data
4M+ Companies
212K+ Investors
580K+ Funding Rounds
207K+ Acquisitions
2.9K+ Sectors
57K+ Business Models
Are you a Founder ?
Explore our recently published companies
- Example Company - Indore based, Unfunded company
- Drags Finserv - Navi Mumbai based, 2017 founded, Unfunded company
- Jobois - Unfunded company
- Formli - Unfunded company
- MG Web Lab Limited - 2017 founded, Unfunded company
- Oxford Arts - Unfunded company