Sonarworks
Creating smart speakers by adding digital signal processing to the physical product.
Launch date
Employees
Market cap
-
Enterprise valuation
CAD33—49m (Dealroom.co estimates Jul 2021.)
Company register number 40103611667
Riga Vidzeme (HQ)
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 1.5m | 2.2m | 2.6m | 3.5m | 3.9m | 3.6m | 3.6m |
% growth | 59 % | 50 % | 20 % | 33 % | 10 % | (6 %) | - |
EBITDA | - | (<1m) | (1.8m) | (1.6m) | (2.5m) | (1.8m) | - |
% EBITDA margin | - | (33 %) | (69 %) | (45 %) | (65 %) | (50 %) | - |
Profit | (<1m) | (<1m) | (1.9m) | (1.6m) | (2.6m) | (1.8m) | - |
% profit margin | (15 %) | (36 %) | (71 %) | (47 %) | (66 %) | (51 %) | - |
R&D budget | 1.0m | 2.0m | 2.0m | 3.0m | - | - | - |
R&D % of revenue | 68 % | 91 % | 76 % | 86 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€600k | Seed | ||
* | €700k | Seed | |
€500k | Seed | ||
€5.0m | Series A | ||
N/A | Series A | ||
$6.0m | Series A | ||
* | N/A | Secondary | |
Total Funding | CAD18.4m |
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