What is Tile?
Headquartered in San Mateo, California, Tile has redefined the personal tracking landscape by developing sophisticated Bluetooth-enabled devices designed to locate everyday items such as keys, wallets, and mobile phones. By leveraging a vast, crowdsourced network, the company provides a seamless user experience that bridges the gap between physical assets and digital connectivity. As a leader in the Internet of Things (IoT) space, Tile has successfully transitioned from a niche startup into a household name, consistently iterating on its hardware and software to meet the evolving demands of a mobile-first consumer base.
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 Slow Ventures, Rothenberg Ventures, AME Cloud Ventures, GGV Capital, and Tandem Capital
Series B (2016): $18M featuring Tencent, Tandem, Bessemer Venture Partners, GGV Capital, and Khosla Ventures
Series C (2019): $45M backed by SVB Financial Group, Bessemer Venture Partners, GGV Capital, Francisco Partners, and Bryant Stibel
Debt (2020): $2M with participation from PPP
Debt (2021): $40M led by Capital IP
Key Investors in Tile
GGV Capital
A global venture firm that invests in local founders across the social, internet, enterprise tech, and smart tech sectors, providing multi-stage support to high-growth companies.
Bessemer Venture Partners
A long-standing venture capital firm with a history dating back to 1911, specializing in early-stage and growth-stage investments across diverse technology sectors.
Tencent
A global technology conglomerate that develops digital platforms and internet-based services, actively investing in innovation to support developers and expand its international ecosystem.
What's next for Tile?
Looking ahead, the recent capital injection positions Tile to further expand its technological footprint and deepen its integration within the broader smart home and mobile ecosystem. By focusing on strategic growth and operational efficiency, the company is well-equipped to navigate the complexities of the hardware market. Future initiatives will likely prioritize the enhancement of its proprietary tracking network and the exploration of new enterprise-level applications, ensuring that Tile remains at the forefront of the asset management industry while delivering sustained value to its stakeholders.
See full Tile company page
