Lapa Studio
Lapa is an easy to use tracking solution that keeps your belonging safe and helps you locate missing objects. .
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | $1.3m | Grant | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 209 % | (68 %) | 23 % | (74 %) | (80 %) | (94 %) | 3743 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 7 % | (45 %) | (90 %) | (276 %) | (1364 %) | (18422 %) | (872 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 3 % | (53 %) | (96 %) | (280 %) | (1371 %) | (18733 %) | (879 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Lapa Studio, founded in 2013 by Joao Lobato Oliveira and Luis Certo, operated in the Internet of Things (IoT) sector, specializing in personal tracking devices. Based in Porto, Portugal, the company focused on creating Bluetooth-enabled tags designed to help users locate personal items via a mobile application.
The core product was a small, coin-sized tracker, the Lapa, that could be attached to items like keys and wallets. This device communicated with a smartphone app, enabling users to find misplaced belongings. The system provided features such as showing the proximity to a lost item and using sound and light alerts to pinpoint its location. The trackers operated within a Bluetooth range of up to 60 meters and were powered by a replaceable battery with a one-year lifespan.
The company's business model involved direct-to-consumer sales and a strategy to license its technology to other product brands for integration. Lapa Studio successfully utilized crowdfunding, raising over $341,000 on Indiegogo to launch its product. By 2016, the company had reportedly achieved $1 million in revenue and was seeking a $2.5 million Series A investment to expand its partnerships and network into Europe. Despite its initial traction and expanding user base across numerous countries, the company is now considered deadpooled.
Keywords: Lapa Studio, Bluetooth tracker, IoT device, personal asset tracking, findlapa, Joao Lobato Oliveira, Luis Certo, item locator, Bluetooth tag, consumer electronics, hardware startup, asset location, Indiegogo campaign, mobile tracking app, trackable technology, Portugal tech, Porto startup, lost item finder, smart tag, BLE tracker