When was eleven-x founded?

eleven-x was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is eleven-x located?

eleven-x is headquartered in Waterloo, Canada.

How many employees does eleven-x have?

As of Aug 31, 2026, the latest employee count at eleven-x is 29.

Is eleven-x a funded company?

eleven-x is a funded company, having raised a total of $530K across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 10, 2015.

When was the latest funding round of eleven-x?

eleven-x's latest funding was a $***** Seed round on May 06, 2020, with participation from 1 investor.

Where does eleven-x rank among its competitors?

eleven-x ranks 2nd amongst 71 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Hivello Holdings, which secured $1M in Dec, 2023.

Who are the top competitors of eleven-x?

eleven-x's top competitors include Senet, The Things Industries and MeshCore. Among them, Hivello Holdings secured the most recent funding round in December, 2023.

eleven-x - 2026 Company Profile, Team, Funding & Competitors

Company Details

Eleven-x develops software for wireless telecommunications solutions for IoT. It has developed solutions for Low Power Wide Area Network (LPWAN), Long Range (LoRa) wireless communications network, and SIGFOX. Some of its partners include Altair, Clearpath, Telus, and others.

Website: eleven-x.com
Social
Email ID: *****@eleven-x.com

Key Metrics

Founded Year

2014

Location

Waterloo, Canada

Stage

Seed

Total Funding

$530K in 2 rounds

Latest Funding Round

Seed, May 06, 2020, $*****

Investors

Accelerator Centre & 3 more

Ranked

2^nd among 71 active competitors

Employee Count

29 as on Aug 31, 2026

Similar Companies

Senet & 86 more

View eleven-x's full profile

eleven-x has raised a total funding of $530K over 2 rounds. Its first funding round was on Dec 10, 2015. Its latest funding round was a Seed round on May 06, 2020 for $*****. 1 investor participated in its latest round. eleven-x has 4 institutional investors.

Here is the list of recent funding rounds of eleven-x:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2020	7963673	Seed	8700656	6024851	1205480	7326798
Dec 10, 2015	7517397	Seed	8189948	6311545	Accelerator Centre	6100995

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View details of eleven-x's funding rounds and investors

The founders of eleven-x is Fraser Gibbs.

Here are the details of eleven-x's key team members:

Fraser Gibbs: Co-Founder of eleven-x.

eleven-x's Board of Directors

eleven-x's board has 4 active members. Tim Angus, Ryan Hickey, Daniel Mathers and Dale Brubacher-cressman are independent board members.

Here is the list of eleven-x's board of directors:

Name	Type	Representing	Status	Duration
Tim Angus	Independent board member	-	Current	2y 7m
saqpseo	Independent board member	-	Current	2y 8m
{wpcsru	Independent board member	-	Current	3y 9m
wjzlkza	Independent board member	-	Current	3y 2m

View details of eleven-x's Founder profiles and Board Members

eleven-x's employee count trend

eleven-x has 29 employees as of Aug 26. Here is eleven-x's employee count trend over the years:

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Top competitors of eleven-x include Senet, The Things Industries and MeshCore. Here is the list of Top 10 competitors of eleven-x, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Senet 2009, Portsmouth (United States), Acquired	Provider of LoRa-based connectivity solutions for IoT applications	$61.9M	Activate Venture Partners, City Light Capital ... & 2 others	51/100
2nd	eleven-x 2014, Waterloo (Canada), Seed	Wireless connectivity solutions for IOT	$530K	Freycinet Ventures, Credit Mutuel Equity & 2 others	49/100
3rd	The Things Industries 2016, Amsterdam (Netherlands), Funding Raised	Provider of LoRaWAN network server software and related support services	-	Europa	47/100
4th	MeshCore New Zealand, Unfunded	Developer of firmware and software for off-grid radio messaging networks	-	-	39/100
5th	OrbiWise 2014, Plan les Ouates (Switzerland), Series A	Provides communication technology solutions for IoT application connectivity	-	Verve Ventures, Fongit & 5 others	36/100
6th	Hivello Holdings 2022, United Kingdom, Seed	Developer of LoRaWAN	$1M	MEXC Global, Blockchain Founders Fund & 4 others	34/100
7th	Internext Engineering Solution 2016, Hyderabad (India), Unfunded	Provider of LoRa-based connectivity solutions for IoT applications	-	-	33/100
8th	ClodPi 2017, Bengaluru (India), Unfunded	Provider of LoRaWAN and NB-IoT based solutions	-	-	33/100
9th	Skysens 2016, Istanbul (Turkey), Seed	Developer of AI and cloud-based RF platforms for industrial monitoring	$802K	ACT, Re-Pie	33/100
10th	DNX 2016, Sigtuna (Sweden), Unfunded	Provider of an IoT network operator for LoRaWAN B and BLE	-	-	31/100