What is Tile?
Tile is an electronics company headquartered in San Mateo, California, specializing in Bluetooth trackers. These devices are engineered to assist individuals in finding misplaced items such as keys, wallets, and phones. The company's innovative technology addresses a common consumer pain point, offering a practical solution for item location and retrieval. This focus on utility and user convenience has positioned Tile as a key entity within the smart device and personal tracking market.
How much funding has Tile raised?
Tile has raised a total of $120.6M across 7 funding rounds:
Other Financing Round
$2.6M
Angel/Seed
$3.5M
Series A
$9.5M
Series B
$18M
Series C
$45M
Debt
$2M
Debt
$40M
Other Financing Round (2013): $2.6M, investors not publicly disclosed
Angel/Seed (2013): $3.5M led by Tencent
Series A (2014): $9.5M supported by AME Cloud Ventures, Slow Ventures, Rothenberg Ventures, GGV Capital, and Tandem Capital
Series B (2016): $18M featuring Tandem, Tencent, Khosla Ventures, GGV Capital, and Bessemer Venture Partners
Series C (2019): $45M backed by GGV Capital, Bryant Stibel, SVB Financial Group, Bessemer Venture Partners, and Francisco Partners
Debt (2020): $2M with participation from PPP
Debt (2021): $40M led by Capital IP
Key Investors in Tile
Tandem Capital
Tandem Capital invests in disruptive startups, focusing on technology and innovative go-to-market strategies. They provide long-term support, leading seed rounds and offering follow-on funding as portfolio companies grow, with expertise in various sectors including logistics and media.
Tencent
Tencent Holdings Limited is a global provider of internet and mobile services, including online games, applications, and instant messaging. Founded in 1998, the company is headquartered in Shenzhen, China, and is a significant player in the digital services market.
GGV Capital
GGV Capital is a global venture firm investing in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors. Co-founded in Silicon Valley and Singapore, they back local founders worldwide.
What's next for Tile?
The recent strategic investment signals a new phase of expansion and development for Tile. With substantial backing, the company is poised to enhance its product offerings, potentially explore new technological integrations, and broaden its market reach. This capital infusion will likely fuel advancements in its tracking technology, improve user experience, and strengthen its competitive stance in the rapidly evolving IoT and smart device landscape. Future growth may involve strategic partnerships or diversification into related product categories.
See full Tile company page
