Total amount raised
$1.3 Millions
Latest funding date
Location
Chirp has successfully raised funding through multiple rounds, attracting notable investors such as Robert Gall and GQI. The platform leverages existing speakers and microphones to enable seamless machine-to-machine communication via sound.
Keep reading to explore the intricacies of Chirp's fundraising journey and the investors backing this innovative platform.
What Is Chirp?
Chirp, founded on December 1, 2011, is based in London, England. The company operates in the audio, communications infrastructure, DSP, enterprise software, Internet of Things, and software engineering industries.
Founded by Anthony Steed and Patrick Bergel, Chirp employs a small team of 1-10 people. The company specializes in enabling machine-to-machine communication through sound, leveraging existing speakers and microphones to facilitate seamless data transfer.
How Much Funding Has Chirp Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial technology for machine-to-machine communication.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their technology platform.
- Seed Round
- Amount Raised: $200K
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product offerings.
- Equity Crowdfunding
- Amount Raised: $1,000,000
- Date: July 2015
- Lead Investors: GuanQun Investment UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow a sustainable, revenue-focused business based on a robust technology platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Robert Gall, GQI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their M2M communication technology and expand market reach.
Total Amount Raised: $1,200,000
Current Valuation: Not publicly disclosed
Key Investors
- Robert Gall
- Details: Robert Gall is a notable investor in the technology sector. He has been involved in various ventures, focusing on innovative startups.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Not publicly disclosed
- GQI
- Details: GQI is an investment firm known for its strategic investments in technology companies. The firm aims to support businesses that drive technological advancements.
- Investment Focus Areas: Technology, Communications, Software
- Notable Investments: Not publicly disclosed
- GuanQun Investment UK
- Details: GuanQun Investment UK is a London-based investment firm. They have a history of supporting innovative technology projects.
- Investment Focus Areas: Technology, Innovation, Startups
- Notable Investments: Not publicly disclosed
What's Next for Chirp?
Chirp's future looks promising with the potential to integrate its data transfer technology into various applications, from sound-based data transfers to payments. The successful crowdfunding campaign, which raised over £750,000, highlights the significant market interest and the vast opportunities available for the company.
Given the success of their crowdfunding efforts, Chirp may continue to explore this avenue for future fundraising. The robust technology platform and the growing trend of integrating data transfer technologies into different applications provide a solid foundation for future growth. However, Chirp will need to ensure that their technology remains scalable and competitive in a rapidly evolving market.
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