Tile Closes $13M Funding Round

tileTile, the San Mateo, CA-based maker of the tiny wearable for the things owners never want to lose, closed a $13m funding round.

The round included a $9.5m Series A round led by GGV Capital and a $3.5m seed round led by Tencent. Others investors included Tandem Capital, Nick Woodman (Go Pro), Rothenberg Ventures, Jerry Yang’s AME Cloud Ventures (Yahoo), Dave Morin’s Slow Ventures (Path), Charles Huang (Guitar Hero), Chris Hulls (Life360), Bob Lee (Square), and Mike and Kass Lazerow (BuddyMedia) among others.
In conjunction with the funding, GGV Capital’s managing partner, Jeff Richards, joined Tile’s board of directors.

The company intends to use the funds to accelerate development of its Android app and scale production.

Led by co-founder and CEO Nick Evans, Tile provides a wearable device for things that people don’t want to lose, such as keys, wallets, purses, computers, and luggage. Users can monitor tiled items by seeing their last known location, or playing a distinctive melody.
There are already more than 300,000 Tiles in over 30 countries around the world.

The company is also creating a large lost and found and is developing an Android version of its app for the Samsung Galaxy S5, with support for more Android phones to follow.



Join the discussion