WiFi - About the company
WiFi is a series A company based in Shanghai (China), founded in 2013 by Chen Danian. It operates as an App for quickly connecting to wifi hotspots without a password. WiFi has raised $62.6M in funding from NLVC and Eight Roads Ventures, with a current valuation of $1B. The company has 679 active competitors, including 33 funded and 70 that have exited. Its top competitors include companies like Helium, TP-Link and Boingo Wireless.
Sectors and market segments that WiFi operate in
WiFi serves in the Telecom market segments.The primary business model of WiFi is:Company Details
WiFi Master Key lets users share their WiFi hotspots on the platform, so users can find the available hotspots nearby and access the shared hotspots for free. Besides, the app also has a built-in power saver, traffic tracker, signal detector and tethering features, making it a handy WiFi connection management tool for smartphone users. To improve user experience, WiFi Master Key has invested extensively in finding ways to create a greater network of supplementary hotspots for even better results. Currently, the app’s hotspots are mainly hosted by companies, Internet service providers or governments as part of their smart city campaigns.. All ChinaNet hotspots, of which there are 8 million littered throughout the country, are available to Wifi Skeleton Key users. Those hotspots are run by China Mobile, the world’s largest telecom operator. App also crowdsources login credentials, so when one user logs into a hotspot, his or her credentials are added to the database so that everyone else on the app can also use that hotspot. Boasts 800 million users globally.
- Website
- wifi.com
- Registered Address
- BEACH ROAD Pincode : 189767
Key Metrics
Founded Year
2013
Location
Shanghai, China
Stage
Series A
Total Funding
$62.6M in 3 rounds
Latest Funding Round
Post Money Valuation
$1B as on Jun 01, 2017
Ranked
5th among 679 active competitors
Employee Count
226 as on May 31, 2026
Investment & Acquisitions
Legal entities associated with WiFi
WiFi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
LINKSURE NETWORK HOLDING PTE. LIMITED CIN: 201421190Z , Singapore, Active | Jul 18, 2014 | - | - |
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WiFi's funding and investors
WiFi has raised a total funding of $62.6M over 3 rounds. Its first funding round was on May 22, 2015. Its latest funding round was a Series A round on 2017 for an undisclosed amount. 1 investor participated in its latest round. WiFi has 9 institutional investors.
Here is the list of recent funding rounds of WiFi:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2017 | Undisclosed | Series A | - | - | - | |
Jun 05, 2015 | $10.6M | Series A | - | - | - | - |
May 22, 2015 | $52M | Series A | - | - |
View details of WiFi's funding rounds and investors
WiFi's founders and board of directors
Founder? Claim ProfileThe founders of WiFi is Chen Danian.
Here are the details of WiFi's key team members:
- Chen Danian: Founder of WiFi.
View details of WiFi's Founder profiles and Board Members
WiFi's employee count trend
WiFi has 226 employees as of May 26. Here is WiFi's employee count trend over the years:
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WiFi's Competitors and alternates
Top competitors of WiFi include Helium, TP-Link and Boingo Wireless. Here is the list of Top 10 competitors of WiFi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Helium 2006, San Francisco (United States), Series D | Hardware mining solutions for cryptocurrency | $370M | 69/100 | |
2nd | Manufacturer of networking equipment, smart home devices, and surveillance solutions | - | - | 63/100 | |
3rd | Boingo Wireless 2001, Los Angeles (United States), Acquired | Provider of wireless WiFi internet services | $94.7M | 63/100 | |
4th | WeLink 2011, San Jose (United States), Series A | Provider of internet services | $185M | 62/100 | |
5th | App for quickly connecting to wifi hotspots without a password | $62.6M | 62/100 | ||
6th | Provider of digital infrastructure and connectivity solutions for businesses and institutions | $141M | 59/100 | ||
7th | Anuvu 2014, Santa Ana (United States), Acquired | Provider of broadband internet services to passengers | $50M | 57/100 | |
8th | Encryption based VPN service for secure and anonymous browsing | - | 54/100 | ||
9th | Provider of internet services | - | - | 53/100 | |
10th | Instabridge 2012, Stockholm (Sweden), Series A | Crowdsourced wi-fi hotspot network provider | $8M | 52/100 |
Looking for more details on WiFi's competitors? Click here to see the top ones
WiFi's Investments and acquisitions
WiFi has made 1 investment in funstory.ai and acquired Whisher.News related to WiFi
Media has covered WiFi for 1 event in last 1 year.
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Aurora Mobile has Entered into a Strategic Cooperation with WiFi MasterGlobeNewswire•Oct 28, 2020•WiFi, Aurora
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Ant Financial along with Grab, Razer in race for digital bank license in SingaporeIBS Intelligence•Jan 02, 2020•Ant Financial, Razer, FWD, Sheng Siong and 5 others
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Meet the little-known Chinese Wi-Fi startup that rubs shoulders with WeChat and AlipayTechCrunch+•Jan 25, 2019•WiFi
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Chinese Unicorn WiFi Master Key Continues To Break Records Towards Global SuccessSuperbCrew•Nov 16, 2015•WiFi
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