Shelly Group (Public Offering)
Funding Details
Awarder
RSS - techfundingnews.com
Date Award
June 8, 2025
Vertical
IoT (Internet of Things)
Funding URL
View Funding Page
Valuation
$1,100,000,000
Company Info
Founding Year
2003
Traction
Shelly Group reported a 43% year-over-year revenue growth to €107 million in 2024, with first-quarter 2025 sales up 29% to €26.5 million. The company has over 2 million active app users and more than 23 million devices sold globally.
Revenue Amount
$107,000,000
Founders
Dimitar Dimitrov, Svetlin Todorov
Market
Smart Home Automation
Location
Sofia, Bulgaria
Company Description

Shelly Group is a Bulgarian smart-home automation pioneer that offers retrofittable, hacker-friendly IoT devices, allowing users to control their environments without compromising data privacy. The company has transformed from a telecom provider to an IoT leader, focusing on energy efficiency and user empowerment.

Links
Website
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