Adero Overview
- Year Founded
-
2009
- Status
-
Out of Business
- Employees
-
19
- Latest Deal Type
-
Out of Business
Adero General Information
Description
Developer of a Bluetooth-based tracking device designed to assist people in finding their lost items. The company's device uses low-power wireless sensors that work on all platforms to locate lost or misplaced items, thereby enabling users to track items in a hassle-free and advanced way.
Contact Information
Website
www.adero.comCorporate Office
- 7410 Hollister Avenue
- Goleta, CA 93117
- United States
Corporate Office
- 7410 Hollister Avenue
- Goleta, CA 93117
- United States
Adero Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Out of Business | 20-Aug-2021 | Completed | Out of Business | |||
| 10. Secondary Transaction - Private | 01-Aug-2019 | Completed | Generating Revenue | |||
| 9. Later Stage VC (Series C) | 20-Jul-2018 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series B) | 24-Aug-2017 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series A) | 12-Oct-2016 | Completed | Generating Revenue | |||
| 6. Later Stage VC | 02-May-2016 | Completed | Generating Revenue | |||
| 5. Product Crowdfunding | 16-Jan-2016 | Completed | Generating Revenue | |||
| 4. Seed Round | 31-Jul-2015 | Completed | Generating Revenue | |||
| 3. Product Crowdfunding | 04-Aug-2014 | $1.74M | $500K | Completed | Generating Revenue | |
| 2. Accelerator/Incubator | 24-Aug-2012 | $500K | Completed | Startup |
Adero Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B-1 | ||||||||
| Series A-1 | 16,258,428 | $0.000100 | 6% | $0.81 | $0.81 | 1x | $0.81 | 8.2% |
| Seed-1 | 6,588,747 | $0.000100 | 6% | $0.37 | $0.37 | 1x | $0.37 | 3.32% |
Adero Comparisons
Industry
Financing
Details
Adero Competitors (5)
One of Adero’s 5 competitors is Tile (Electronics), a Formerly VC-backed company based in San Mateo, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Tile (Electronics) | Formerly VC-backed | San Mateo, CA | ||||
| Chipolo | Venture Capital-Backed | Trbovlje, Slovenia | ||||
| Linquet | Formerly Angel backed | Vancouver, Canada | ||||
| Protag (Electronics (B2C)) | Formerly VC-backed | Singapore, Singapore | ||||
| PebbleBee | Venture Capital-Backed | Renton, WA |
Adero Patents
Adero Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2021046573-A1 | Presence and identity verification using wireless tags | Inactive | 04-Sep-2019 | ||
| WO-2020096703-A1 | Organizing groups of physical objects using wireless tags | Inactive | 07-Nov-2018 | ||
| WO-2020096702-A1 | Organizing physical objects using wireless tags | Inactive | 07-Nov-2018 | ||
| WO-2020096704-A1 | Providing indication to location of physical object using wireless tag | Inactive | 07-Nov-2018 | ||
| WO-2020096705-A1 | Tag for wirelessly organizing a physical object | Inactive | 07-Nov-2018 | G06K19/0723 |
Adero Signals
Adero Acquisitions (1)
Adero’s most recent deal was a Merger/Acquisition with Fast Engines. The deal was made on 13-Mar-2000.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Fast Engines | 13-Mar-2000 | Merger/Acquisition | Business/Productivity Software |
Adero FAQs
-
When was Adero founded?
Adero was founded in 2009.
-
Where is Adero headquartered?
Adero is headquartered in Goleta, CA.
-
What is the size of Adero?
Adero has 19 total employees.
-
What industry is Adero in?
Adero’s primary industry is Electronics (B2C).
-
Is Adero a private or public company?
Adero is a Private company.
-
What is Adero’s current revenue?
The current revenue for Adero is .
-
How much funding has Adero raised over time?
Adero has raised $73.3M.
-
Who are Adero’s competitors?
Tile (Electronics), Chipolo, Linquet, Protag (Electronics (B2C)), and PebbleBee are competitors of Adero.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process