Element
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 4.4m | 7.1m | 4.7m | 9.3m | 38.2m |
% growth | - | 62 % | (34 %) | 98 % | 310 % |
EBITDA | - | - | (7.4m) | (14.3m) | - |
% EBITDA margin | - | - | (157 %) | (154 %) | - |
Profit | - | - | (7.5m) | (14.6m) | - |
% profit margin | - | - | (160 %) | (157 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $5.0m | Seed | |
* | £6.8m | Series A | |
* | $4.6m | Series A | |
$30.0m | Series B | ||
Total Funding | €44.2m |
Recent News about Element
EditElement is a company that specializes in providing secure and open-source messaging and collaboration solutions. The company serves a diverse range of clients, including public administration users, government bodies, and private enterprises. Operating in the secure communication and collaboration market, Element offers a decentralized infrastructure that can be scaled from small deployments to large enterprises. The business model revolves around offering robust and reliable hosting services for secure messaging and team collaboration, with additional custom consultancy and support services. Element generates revenue through its hosting services, consultancy, and support packages. The company is committed to open-source principles, contributing almost all of its code to the public domain, and advocates for open and decentralized internet communications where individuals control their own data.
Keywords: secure messaging, open-source, decentralized infrastructure, public sector, private sector, data privacy, scalable solutions, hosting services, team collaboration, custom consultancy.