Sewio Networks develops precise indoor positioning solutions that apply radio technology to provide location services where GPS lacks precision or coverage. Its products serve multiple industries, including automotive, warehousing and logistics, entertainment, retail, mining and healthcare. The company is led by CEO Milan Simek and is based in Brno, Czech Republic. In February 2015 Sewio closed its first round of venture capital funding, raising $1M. The financing was led by Y Soft Ventures, the venture capital arm of Y Soft Corporation. As part of the deal, Y Soft Ventures will provide manufacturing, global distribution and logistics, marketing and HR support to Sewio. The article describes the funding as venture capital (the company’s first VC round).

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2015