Favendo

Company

Investment-firm

Last deal

Amount

Venture - Series Unknown

Stage

01.01.2017

Date

3

all rounds

General

About Company
Favendo is a company that develops and markets technology-based location-based services solutions for large-scale customers.

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founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Favendo specializes in indoor positioning and mobile tracking and navigation services, using a unique efficiency algorithm to bridge online and offline data for efficient decision-making. They provide real-time location solutions for challenging environments such as cruise ships, healthcare facilities, and manufacturing, and have long-standing customers such as SAP, FRAPORT, Hammerson plc, and MSC Cruises. Favendo partners with other companies to provide the most suitable solution for each requirement and was included in Gartner's Magic Quadrant for Indoor Location Services, Global in February 2021. Customers can contact them through email or arrange a meeting with their RTLS experts.
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