Smowltech
Aims to help organizations by building trust in their online learning environments, providing a continuous eProctoring service using facial recognition, which enables organizations increase their eLearning offer with credibility.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €1.7m | Seed | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 58 % | 84 % | 215 % | 245 % | 63 % | (5 %) | 18 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 24 % | 95 % | 128 % | 66 % | 60 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (89 %) | 2 % | 80 % | 47 % | 42 % | (15 %) | (14 %) |
| 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
Related Content
Smowltech operates in the EdTech sector, providing online proctoring solutions designed to ensure academic integrity and build trust in remote assessments. The company was established in 2012 by Ricardo Vea, who currently serves as CEO. Vea's background includes over two decades in Human Resources and a Ph.D. in Social Psychology; his experience in HR and cybersecurity revealed a need for reliable remote authentication in academic and corporate training environments, which directly inspired the company's founding.
The core of the business is the SMOWL proctoring software, which authenticates user identity and monitors their activity during online examinations. The system uses facial recognition to verify a user at the start and throughout an exam, and it monitors for prohibited actions such as opening new browser tabs or using unauthorized applications. A key technical feature is its lightweight architecture; instead of streaming continuous video, it captures images and sends essential data packets, which significantly reduces bandwidth consumption and makes it accessible for users with weaker internet connections. This technology generates detailed reports for evaluators, providing objective evidence of any suspicious behavior without requiring instructors to watch students in real-time.
Smowltech serves a diverse client base that includes public and private universities, K-12 schools, professional training academies, corporations, and government bodies. The business model appears to be subscription-based, with flexible licensing options available per user or per exam, and offerings include free trials and licenses to encourage adoption. The software is designed for seamless integration with major Learning Management Systems (LMS) like Moodle, Blackboard, and Canvas. Smowltech has emphasized compliance with data privacy regulations such as GDPR in Europe and FERPA in the United States. The company has received funding through various stages, including an initial round from Bolsa Social Impacto FESE and a later investment from the Nordic venture capital fund Sparkmind, which focuses on the learning sector.
Keywords: online proctoring, remote assessment, academic integrity, EdTech, identity verification, facial recognition, exam monitoring, e-learning security, student authentication, digital education, proctoring software, corporate training, remote invigilation, cheating prevention, LMS integration, Moodle, Blackboard, data privacy, GDPR compliance, FERPA compliance