Shelly Group (Public Offering)
Funding Details
- Awarder
- RSS - techfundingnews.com
- Date Award
- June 08, 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
- 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.
- Market
- Smart Home Automation
- Location
- Sofia, Bulgaria