Wave the live location mobile app sensation, launches their second crowdfunding campaign!
After their super successful crowdfunding campaign on Crowdcube in 2016; Wave are back for a second time with their new campaign.
With their user base skyrocketing from 3,500,000 in 2016, to an incredible 11,000,000+ users in 2018, their campaign is not one to be missed based off their continual success from the last time they crowdfunded, where they also saw a higher retention rate and an 800% increase in revenue.
So who are Wave?
Wave is an app that enables users to share their live location in real time, in a private map, for a limited time period, or, gives them to option to share for an unlimited period of time with the ones that matter to them the most.
The company which was founded in 2014 and launched commercially in 2015, has grown from a team of 10 to an experienced team of 22 lead by CEO and Co-Founder Manuel De La Esperanza, and COO and Co-Founder Luis Gelado.
‘To start a business as I have done, it is essential to be courageous, otherwise there is no success. Take risks and be open to learning every single day.’ – Manuel de la Esperanza (CEO)
The idea was sparked when the co-founders noticed, that while waiting for a colleague, there was no real solution in the geolocation app market – making it a huge orphan market, so a huge opportunity.
With the app boasting multiple functions, including an estimated time of arrival feature (to see when friends are arriving in real-time at the desired meetup location), a group feature, and allowing users to create an editable meeting point, they’re currently standing out from competitors in this field.
The app is currently being praised for its safety functionality, as users can share their live location, even while driving, without handling their phone, as the app includes a ‘no more typing function’ adding up to no more dangerous status updates, and no more accidents.