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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
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
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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
-
-
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WiFi's founders and board of directors

The founders of WiFi is .

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 :
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Helium
Helium
2006, San Francisco (United States), Series D
Hardware mining solutions for cryptocurrency
$370M
SV Angel, Google VenturesÌý&²¹³¾±è;Ìý
72/100
2nd
Logo for iBUS
iBUS
2010, Bengaluru (India), Acquired
Provider of digital infrastructure and connectivity solutions for businesses and institutions
$141M
Morgan Stanley, NomuraÌý&²¹³¾±è;Ìý
68/100
3rd
Logo for Boingo Wireless
Boingo Wireless
2001, Los Angeles (United States), Acquired
Provider of wireless WiFi internet services
$94.7M
66/100
4th
Logo for TP-Link
TP-Link
1996, Shenzhen (China), Acquired
Manufacturer of networking products
-
-
62/100
5th
Logo for WeLink
WeLink
2011, San Jose (United States), Series A
Provider of internet services
$185M
61/100
6th
Logo for WiFi
2013, Shanghai (China), Series A
App for quickly connecting to wifi hotspots without a password
$62.6M
55/100
7th
Logo for BLiNQ
BLiNQ
2010, Plano (United States), Acquired
Wireless backhaul solutions provider
$32.7M
BDC, Kensington Capital PartnersÌý&²¹³¾±è;Ìý
59/100
8th
Logo for iPass
iPass
1996, Redwood City (United States), Acquired
WiFi hotspot access provider
-
57/100
9th
Logo for Instabridge
Instabridge
2012, Stockholm (Sweden), Series A
Crowdsourced wi-fi hotspot network provider
$8M
Balderton Capital, Draper AssociatesÌý&²¹³¾±è;Ìý
56/100
10th
Logo for PureVPN
PureVPN
2006, Hong Kong (China), Funding Raised
Encryption based VPN service for secure and anonymous browsing
-
55/100
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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

•
GlobeNewswire•Oct 28, 2020•WiFi, Aurora
•
36Kr•Aug 19, 2020•WiFi
•
IBS Intelligence•Jan 02, 2020•, Razer, FWD, and 5 others
•
TechCrunch+•Jan 25, 2019•WiFi
•
Telecom Asia•Dec 03, 2018•WiFi
•
SHINE•Nov 28, 2018•WiFi
•
e27•Jul 14, 2016•WiFi, Facebook, Netflix, Norwest Venture Partners
•
SuperbCrew•Nov 16, 2015•WiFi
•
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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.
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