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.