Total raised
$5.0M
Last: Series A 2018-04
Stage
Mature
Founded
2011
Headcount
3
HQ
Manof
Sector
Automotive & Mobility Technologies
About
Watteam is the developer and provider of POWERBEAT, an affordable add-on power meter designed specifically for cyclists, by cyclists. POWERBEATs affordable power meter is designed to be simple and intuitive for all riders. There is no need to replace any bike parts, so cyclists can keep their own cranks, pedals, and all other components. The companys patented technology enables POWERBEAT to provide accurate and consistent power readings based on the actual force applied. Watteam is based in California, with R&D performed in Israel.
Funding history · 1 round · $5.0M total
2018-04
Series A
$5.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Watteam's primary product?
- Watteam develops and provides POWERBEAT, an add-on power meter for cyclists.
- When was Watteam founded?
- Watteam was founded in June 2011.
- What is the operational status of Watteam?
- Watteam is currently inactive, having ceased operations in November 2019.
- Where is Watteam's R&D primarily conducted?
- Watteam's R&D is performed in Israel, while the company is based in California.
- How much total funding has Watteam raised?
- Watteam has raised a total of $5,000,000 in funding.
- When did Watteam complete its last funding round and who was an investor?
- Watteam completed a Series A funding round in April 2018, with Eyal Shahar as an investor. For full financing history, please refer to startupim.
- What significant operational change did Watteam announce in November 2018?
- In November 2018, Watteam suspended production of its power meter and began seeking strategic partners.
- How many employees did Watteam have?
- Watteam had between 1 and 10 employees, with an exact count of 3.
Sectors & technology
Primary sector
Automotive & Mobility Technologies
Sub-sectors
Automotive & Mobility TechnologiesElectric Mobility & Alternative Fuels
Target customers
ConsumersTransportation & MobilityBike & Scooter Riders
Business model
B2C
Highlights
1 Patents
Tags
smart-mobilityconsumer-electronicsiotsportsmobile-applicationssports-techmobile-devicesmonitoringsensorsconsumerswellness