Press Release Jul. 03 2017
Six-Digit Fundraising for CROWDLOC
French-German Startup that locates Consumer Electronics devices & enterprise assets carried out a Euro Six-Digit funding round with private investors
Versailles, France - July 3rd 2017 - CROWDLOC today announced the closing of a Euro six-digit funding round with private investors. This fundraising supports the launch of its B2B software platform for geolocation of Bluetooth-enabled consumer electronics and tags.
The six private investors are French and German entrepreneurs and executives in the fields of telecoms, connected car technologies and geolocation, as well as finance.
“CROWDLOC’s mission is to fight the global problem of loss and theft, a multi-billion Euro market on a global scale,“ explained Ludovic Privat, CEO and co-founder.
At the heart of CROWDLOC is a mobile Software Development Kit (SDK) embedded in the apps of its partners in the CROWDLOC Alliance that records the nearby presence of Bluetooth Low Energy devices and tags (beacons) and sends their location to a cloud platform.
“CROWDLOC's DNA is B2B and software. Our ambition is to serve a large spectrum of vertical markets while fully mutualizing the location of Bluetooth assets via the mobile apps of our partners in the CROWDLOC Alliance,“ added Ludovic Privat.
The markets targeted by CROWDLOC are very broad, as evidenced by the following figures from a few verticals:
21 million luggage lost by airlines in 2016 (Source: SITA).
7.2 million stolen cars worldwide in 2016 (Source: Interpol), costing insurers more than 20 billion Euros per year.
More than 4 million bicycles stolen in Europe each year.
More than 10 million cats and dogs lost each year in Europe & North America.
1 billion Euros per year: estimated cost of theft on construction sites in France (Source: Fédération Française du Bâtiment).
CROWDLOC is a B2B, Software-as-a-Service provider, offering affordable, low power location tracking services for consumers & enterprises. CROWDLOC’s disruptive service is based on a low power mobile software development kit embedded in the apps of an alliance of Bluetooth devices manufacturers, app developers & others.
The company was founded in 2016 and is located in Versailles & Munich. The founding team is made of French and German serial entrepreneurs, supported by European business angels. In June 2017 CROWDLOC received an Innovation Award at the Geo IoT World conference in Brussels.
Marie Lidwine Tardif - Ludovic Privat
+33 6 22 05 61 38 (mobile)