Total amount raised
$1.3 Million
Latest funding date
12/01/2016
Location
Chirp has successfully navigated four funding rounds, attracting a total of eight investors, including notable names like Robert Gall and GQI. The company specializes in using existing speakers and microphones to enable seamless and secure Machine-to-Machine (M2M) 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 is a private company based in London, England, specializing in using existing speakers and microphones to enable seamless and secure Machine-to-Machine (M2M) communication via sound. The company operates in various industries, including Audio, Communications Infrastructure, DSP, Enterprise Software, Internet of Things, and Software Engineering.
With a small team of 1-10 employees, Chirp has successfully raised funding over four rounds from eight investors. The company is known for its innovative approach to data transfer, leveraging sound to create frictionless communication between devices.
How Much Funding Has Chirp Raised?
- Round Name: Seed
- Amount Raised: USD 200,000
- Date: December 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial technology and establish a market presence.
- Round Name: Seed
- Amount Raised: USD 200,000
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and expand the team.
- Round Name: Equity Crowdfunding
- Amount Raised: USD 1,150,000
- Date: July 2015
- Lead Investors: GuanQun Investment UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow into a sustainable, revenue-focused business.
- Round Name: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development in enabling frictionless M2M communication.
Total Amount Raised: USD 1,550,000
Current Valuation: Not publicly disclosed
Key Investors
- Robert Gall
- Details: Robert Gall is one of the key investors in Chirp. Specific details about his background are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- GQI
- Details: GQI is a significant investor in Chirp. Further details about the firm are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- GuanQun Investment UK
- Details: GuanQun Investment UK is a London-based investment firm. They made a significant investment in Chirp during its equity crowdfunding round.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Chirp?
Chirp's future looks promising with opportunities to integrate its technology into various applications, from data transfer to payments. The successful crowdfunding campaign, which raised over £750,000, highlights significant interest and investment potential. This success suggests that future fundraising through crowdfunding could be a viable option, especially for other UCL spinouts.
However, Chirp may face challenges such as competition in the data transfer technology space and the need for continuous innovation. Despite these hurdles, the growing trend in innovative data transfer technologies and the increasing use of crowdfunding for early-stage business funding present substantial growth opportunities for Chirp.
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