
MatchX
LPWAN hardware and software for decentralized IoT networks.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | €0.0 | round | |
N/A | Support Program | ||
Total Funding | 000k |

EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 974 % | (67 %) | 203 % | - | 228 % | 31 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | - | (15 %) | 9 % | - | - | - |
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, Dealroom estimates
Related Content
MatchX GmbH is a Berlin-based company founded in 2016 by Sheen Xin Hu, developing and manufacturing Low-Power Wide-Area Network (LPWAN) hardware and software. The company provides end-to-end Internet of Things (IoT) solutions, including LoRaWAN-based gateways, development kits, sensors, and a cloud-based data processing platform.
The company's product line is designed to facilitate long-range data transmission of up to 35 kilometers with low energy consumption, enabling devices to have a battery life of up to 10 years. Its hardware offerings include the M2 Pro Miner, a multi-token crypto miner that also supports IoT data transmission, and the NEO, a plug-and-play miner. MatchX also produces industrial gateways, sensors, core chips, and development kits such as the EdgeX AI Dev Kit for applications requiring on-device data analysis. The hardware is designed to be plug-and-play and avoid data collisions, ensuring reliable data transmission.
MatchX's business model involves the sale of its hardware devices and earning transaction fees from the data and crypto mining activities on its network. The company serves a diverse client base, including industrial enterprises, smart cities, and tech enthusiasts. Its technology has applications in smart waste management, street lighting, air quality monitoring, agriculture, and logistics. MatchX has raised a total of $2 million in funding over one round of Series A funding in February 2018, with investors including TechCode Accelerator.
Keywords: LoRaWAN, LPWAN, IoT hardware, crypto mining, M2 Pro Miner, decentralized IoT network, smart city solutions, IoT sensors, low-power gateways, end-to-end IoT, data transmission, Sheen Xin Hu, Edge AI, MXProtocol, multi-token mining, IoT development kits, network hardware, wireless communications, IoT cloud platform, data processing