
Copenhagen trackers
Has developed the World’s first and only GPS tracker without subscription.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | Support Program | ||
Total Funding | 000k |
EUR | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Copenhagen Trackers ApS operates in the asset tracking market, providing GPS tracking devices for both business-to-business (B2B) and business-to-consumer (B2C) clients. Founded in Denmark by Christian Olesen in 2013 with the initial goal of eliminating bike theft, the company has since expanded its mission to prevent the loss of various assets. The company, which also lists Christian Sindberg as a founder and CFO, officially launched in 2016 and brought its first product to market in 2018.
The firm's business model is centered on the one-time sale of its hardware, distinguishing itself by not charging monthly subscription fees, a common practice in the GPS tracking industry. Revenue is generated directly from the sale of its tracking devices, with the company reporting a yearly revenue of €1 million and having sold over 100,000 units. Copenhagen Trackers serves a diverse client base, from individuals seeking to protect personal items like bicycles, cars, and boats to enterprises needing to manage fleets and valuable equipment. The company operates globally, with its devices functioning in over 150 countries.
The product portfolio includes the Gemstone™ and Cobblestone™ GPS trackers. A key feature is their long battery life, with the Gemstone model lasting up to six years and the Cobblestone up to four years, based on one track per day. This extended battery performance eliminates the need for frequent recharging. The devices are compact, water and dust-resistant, and utilize 4G/LTE technology. For enterprise clients, Copenhagen Trackers offers a suite of software solutions, including a web-based dashboard for managing large numbers of devices, an API for integration into existing systems, and OEM options for embedding the tracking technology into other products. Advanced features such as geofencing and real-time alerts are also available to business customers at no extra cost.
Initially started as 'Velocator,' the company rebranded to Copenhagen Trackers to reflect its roots and broader mission. By 2018, it had launched its first product line and has since grown to serve over 28,000 users. The company is positioned as a seed-stage firm and aims to sell over one million devices by 2025.
Keywords: asset tracking, GPS trackers, subscription-free GPS, fleet management, anti-theft device, B2B tracking solutions, consumer GPS, long-life battery tracker, global coverage tracker, Christian Olesen, Gemstone GPS, Cobblestone GPS, IoT devices, vehicle tracking, bike tracker, boat tracking, equipment tracking, enterprise software, tracking API, OEM tracking