{"id":30899,"date":"2023-08-02T14:26:26","date_gmt":"2023-08-02T14:26:26","guid":{"rendered":"https:\/\/gateway.ventures\/startups\/firecell\/"},"modified":"2023-11-10T14:48:50","modified_gmt":"2023-11-10T14:48:50","slug":"firecell","status":"publish","type":"startups","link":"https:\/\/gateway.ventures\/en\/startups\/firecell\/","title":{"rendered":"Firecell"},"author":17,"featured_media":30521,"template":"","meta":[],"startup_status":[36],"investment_focus":[54],"class_list":["post-30899","startups","type-startups","status-publish","has-post-thumbnail","hentry","startup_status-funded-en","investment_focus-digitaleconomy"],"acf":{"logo":30497,"show_stage":["Yes"],"stage":"Pre Series-A","show_niche":["Yes"],"niche":"Digital Economy","closing_month_year":"September 2023","female_founder":"","location":"Nice, FR","website":"https:\/\/firecell.io\/de\/","demo_video_url":"https:\/\/youtu.be\/Jkd9PyZbP78","meet-up_lp_link":"https:\/\/calendly.com\/gatewayventures\/firecell-gateway-ventures-meetup","calendly_code":"https:\/\/calendly.com\/gatewayventures\/firecell-gateway-ventures-meetup","calendly_code_Kopie":"","oneline_description":"Firecell accelerates companies\u2019 digital transformation by providing Private 5G Networks for industry 4.0. ","description":"","problem":"Manufacturing and intra-logistics companies need to connect more and more equipment to digitize their processes, lower costs, and gain competitiveness. Wifi cannot cope with the explosion of devices and data traffic that will be multiplied by 10 in the next 10 years. <span class=\"discussion-id-87144e94-3e74-44cb-b7cd-6ccbe8ebd14e notion-enable-hover\" data-token-index=\"1\">This is particularly relevant for medium to large manufacturers and logistics companies with facilities of more than 2500m2.<\/span>","solution":"Enhancing Industries: Private 5G Networks Empower Connectivity A typical Firecell network would connect 1000\u2019s of assets and devices. Thousands of objects can be tracked using FireCell.","market":"It is estimated that the market for private mobile networks will grow to 15m networks with a TAM of EUR 68bil. in the next 10 years. <span class=\"discussion-id-094aeaff-0276-431a-90b8-f9e890db00bd notion-enable-hover\" data-token-index=\"1\">Of this, EUR 7bil. is attributable to Firecell\u2019s market (SAM-Serviceable Available Market).<\/span> (networks with less than 10 access points in Europe and US). The main target market for Firecell is the 10m factories and 3m warehouses worldwide.","usp":"<span class=\"discussion-id-c7d29e41-5865-41ac-a6e3-9e4cb87b6826 notion-enable-hover\" data-token-index=\"0\">We connect and track companies\u2019 assets with a single patented Private 5G network solution.<\/span> Firecell has built the only Private 5G Solution based on Open Source and on Open-Ran, allowing us to be faster and cheaper in our R&D efforts. Firecell is also the first 5G solution on the market capable of offering indoor tracking with less than 1m precision.","business_model":"FireCell sells connectivity as a service. A small network covering a 5000m2 warehouse costs about EUR 3K\/month <span class=\"discussion-id-431493ab-2393-4fc3-9b33-f554212a98c4 notion-enable-hover\" data-token-index=\"1\">(recurring revenue)<\/span> over a 3 or 5 year contract.","traction":"In 24 months, we have sold our solutions to 46 clients, and have booked a total of EUR 2.3m in contract bookings, with a growth of 200% year per <span class=\"discussion-id-f374e3db-e467-44b0-8fb7-e7f4b05f00a9 notion-enable-hover\" data-token-index=\"1\">year<\/span>. Our 2023 weighted pipeline is now at EUR 905K and we plan in finishing 2023 at EUR 2m of revenue.","exit_potential":"<ul>\r\n \t<li>Kima Ventures<\/li>\r\n \t<li>IT-Farm<\/li>\r\n \t<li>ALCHEMIST ACCELERATOR<\/li>\r\n<\/ul>","nrofcoinvestors":"","tm_1_name":"Claude Seyrat","tm_2_name":"Olivier Dhotel","tm_3_name":"Sandrine Legrand","tm_4_name":"Ulla Saari","tm_1_position":"CEO","tm_2_position":"CRO","tm_3_position":"CSO","tm_4_position":"CBO","image_-_team_member_1":30508,"image_-_team_member_2":30506,"image_-_team_member_3":30504,"image_-_team_member_4":30516,"deal_link":"https:\/\/gateway.ventures\/d\/de\/investment-opportunities\/firecell","founder_group_image":null,"why_we_invested_in_this_startup":"","dealcaptain_opinion":"","stoop":"Yes","pb":"No","investment_terms":"SAFE Agreement\r\n<ul>\r\n \t<li>Cap: EUR 19m<\/li>\r\n \t<li>Floor: EUR 2m<\/li>\r\n \t<li>Discount: 10%<\/li>\r\n \t<li>Runde gesamt: bis zu EUR 1.8m<\/li>\r\n \t<li>Davon Gateway: bis zu EUR 500K<\/li>\r\n \t<li>Wandlung: n\u00e4chste Eigenkapitalrunde (wahrscheinlich Herbst 2023), sp\u00e4testens jedoch 30.06.2024 (F\u00e4lligkeitsdatum); Bei Wandlung zum F\u00e4lligkeitsdatum: Wandlung zum Cap<\/li>\r\n \t<li>Qualifizierte Eigenkapitalrunde: EUR 1m<\/li>\r\n<\/ul>","traction_image":null,"hide_socials":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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