Wedio
Sharing community for filmmakers and photographers that allows creators to access their desired gear and financial flexibility in order to focus on their craft.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
* | DKK9.3m | Seed | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1876 %) | - | - | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 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 |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Wedio, founded in 2018 by Daniel Bodholdt Sand, Morten Aebeloe, Kasper Vesth, and Daniel Vilholm Sand, operates as a peer-to-peer marketplace for professional film and photography equipment. The company is headquartered in Aarhus, Denmark. The idea originated from CEO Daniel Sand's own experience as a freelance filmmaker, where he faced challenges accessing necessary gear due to high costs, a problem he explored in his Master's thesis on marketing.
The platform functions as a community-driven rental service, connecting equipment owners with creators such as filmmakers and photographers. This model aims to make professional-grade equipment like cameras, lenses, and drones more affordable, reducing rental costs by up to 50%. Wedio's business model is centered on commissions, taking a percentage from both the renter and the lender for each transaction conducted through the platform. Additional revenue streams include commissions from subscription services, where users can rent gear on a monthly basis with an option to buy, and affiliate links to partners.
A key feature of Wedio's service is its global insurance coverage, which is included with rentals and allows creators to travel with the equipment. Beyond equipment rental, Wedio has cultivated a community aspect through the "Wedio Academy." This educational extension offers masterclasses, templates, and creator lists to help members improve their craft, shifting the focus from just gear to the entire creative process. The company has secured approximately $2.05 million in funding over three seed rounds, with notable investors including Founderment, Vaekstfonden, and Startupbootcamp. The latest funding round in April 2023, which raised €1.25 million, included a crowdfunding campaign on Wefunder, allowing community members to become co-owners.
Keywords: camera rental, film equipment, photography gear, peer-to-peer rental, sharing economy, filmmaker community, creative equipment, video production, gear sharing, drone rental, lens rental, Wedio Academy, content creator tools, film production marketplace, digital creative platform, photography community, equipment insurance, Aarhus, Denmark, Daniel Sand, Morten Aebeloe, Kasper Vesth