Investment Projects, Business Armenia Wimedia going Global | Page 8

Competition
The global competitors are: Boingo, YelpWiFi, Socifi.
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Boingo Wireless is a company providing mobile internet through WiFi
networks globally. It operates from 2001 and has over 1 mln WiFi spots.
Total raised funding is $140mln.
Main business model:
Subscription plan for WiFi usage ($10/month)
SAS for Hotels, Malls, Cafes, Restaurants, etc.
Advertisement distribution
YelpWiFi provides customer analytics and location-based
marketing solutions for brick-and-mortar retail stores. Operates
from 2012 and has over 3500 WiFi spots. Total raised funding is
$3.3 mln. Was acquired by Yelp for $20mln.
 Main business model:
SAS for Hotels, Malls, Cafes, Restaurants, etc.
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 Socifi is a WiFi Monetization Solution for Enterprise Businesses operating
from 2014. Raised seed funding from Rockaway capital (undisclosed).
Main business model:
SAS for Hotels, Malls, Cafes, Restaurants, etc.
Advertisement distribution
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