What is Soluto?
Soluto, a company operating within the technology support and device protection sector, offers comprehensive solutions including phone insurance, extended warranty services, and expert technical assistance. With a history spanning over two decades, the company provides a diverse array of protection plans for consumer electronics such as smartphones, tablets, and home appliances. Soluto enhances its service offering through a network of repair locations, enabling swift device repairs. The company's commitment to making technology support accessible and dependable has earned the trust of millions, positioning it as a key player in the device lifecycle management market.
How much funding has Soluto raised?
Soluto has raised a total of $18.7M across 3 funding rounds:
Other Financing Round
$2.3M
Series A
$6.2M
Series B
$10.2M
Other Financing Round (2008): $2.3M with participation from Giza Venture Capital
Series A (2009): $6.2M led by Giza GE Venture Capital Fund III and Bessemer Venture Partners
Series B (2011): $10.2M supported by Bessemer Venture Partners and Giza GE Venture Capital Fund III
Key Investors in Soluto
Bessemer Venture Partners
Bessemer Venture Partners is a prominent venture capital firm with a long history, established in 1911. They have a global presence with offices in key tech hubs and focus on investing in early-stage and growth-stage companies.
Giza GE Venture Capital Fund III
Giza Venture Capital is a leading venture capital firm with over 20 years of experience in the Israeli tech industry, known for investing in and supporting innovative startups across various high-tech sectors.
Giza Venture Capital
Giza Venture Capital is a leading venture capital firm with over 20 years of experience in the Israeli tech industry, known for investing in and supporting innovative startups across various high-tech sectors.
What's next for Soluto?
The recent major strategic investment signifies a pivotal moment for Soluto, likely enabling the company to accelerate its product development, expand its service offerings, and broaden its market reach. This capital infusion is expected to fuel innovation in device protection and tech support solutions, potentially leading to new partnerships and enhanced customer experiences. Soluto's strategic focus will likely involve leveraging this backing to solidify its competitive advantage and capture a larger share of the growing market for consumer electronics support and insurance.
See full Soluto company page
