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Internet of Things Startup Investment Opportunity in Mississauga, Canada

Canadian electronics hardware company specializing in development of in IoT microcontrollers and programmer/debugging tools.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electronic Equipment + 1 more
Locations  Mississauga
Local Time 8:18 AM America / Chicago
Listed By Management Member
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 180 thousand for 40.0% stake (Native Currency: CAD 250,000)
Reason: To scale and develop technological advances products and increase inventory to be able to cater to t... View More
Includes physical assets worth USD 144 thousand
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Business Overview
- Electronics hardware development company based in Canada, currently in pre-revenue phase.
- The company specializes in the development of Internet-of-Things (IoT) microcontrollers and programmer/debugging tools for developers.
- Focused on the development of WIFI/Bluetooth development circuit boards and programmer/debugger UART tools.
- The business has established strategic partnerships with reputable electronics distributors, including Digi-Key Electronics and Sayal Electronics, for business-to-business (B2B) distributions, enhancing its market reach and sales channels.
- In line with its expansion strategy, the company is planning to diversify its sales channels by venturing into e-commerce platforms such as Amazon and Shopify.
- The company has adopted a cost-effective approach to manufacturing by outsourcing production to a Chinese manufacturer, enabling it to benefit from lower production costs and scalability.
Products & Services Overview
The business products are:
- WiFi/Bluetooth development circuit board: A WiFi based microcontroller designed with the Espressif Systems’ System-in-a-Package (SIP) chip: ESP32 Pico-V3-02. Ultimately, this chip is designed to be a microcontroller with wireless control capabilities and a full computational system.
Applications:
• Generic low-power IoT sensor hub.
• Generic low-power IoT data loggers.
• Cameras for video streaming.
• Over-the-top (OTT) devices.
• Speech recognition.
• Image recognition.
• Mesh network.
• Home automation.
• Smart building.
• Industrial automation.
• Smart agriculture.
• Audio applications.
• Health care applications.
• Wi-Fi-enabled toys.
• Wearable electronics.
• Retail & catering applications.
- Programmer/debugger UART: A powerful Universal Asynchronous Receiver Transmitter (UART) USB to Serial breakout board. This communication protocol is designed to communicate with microcontrollers and other smart devices.
Applications:
• Arduino microcontroller devices (pro-mini)
• Microcontrollers.
• IOT devices.
• ESP32 devices.
• Smart home devices.
• Reading & writing protocols.
Has partnered with Digi-Key Electronics and Sayal Electronics, for business-to-business (B2B) distributions.
Assets Overview
Physical assets include inventory of products developed till date.
Intangible assets include two IPs - Full WiFi/Bluetooth development board and programmer/debugger UART tool.
Facilities Overview
Operating from residential premises. No dedicated office facility.
Capitalization Overview
Self-funded.
No loans or external funds.
There is 1 shareholder in the business.
Recent Activity
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1 Investor contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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