eVolution Networks
Private Equity Round in 2013
eVolution Networks specializes in energy savings software solutions for the telecommunications sector, focusing on mobile network and data center operators. The company's flagship product, the Smart Energy Solution, is a web-based software that analyzes traffic needs and optimizes resource usage based on real-time subscriber demand. This innovative approach can reduce energy consumption at the base station level by up to 35% annually, even for operators using advanced cooling solutions and existing energy-saving features. Founded in 2011 and headquartered in Ramat-Gan, Israel, eVolution Networks also has offices in New York and Punta Patilla, Panama. The company aims to enhance energy efficiency and reliability in telecommunications networks, addressing the rising energy costs that challenge mobile operators today.
Weemba is an innovative online financial community that connects borrowers with professional lenders in a social network-like environment. Borrowers create profiles to post project details, including the purpose and amount of the loan, along with information such as income, education level, and business revenue for individuals and businesses, respectively. Lenders can search these projects using various filters such as credit score and location to find suitable opportunities. If a lender identifies an appealing project, they can request access to the borrower's real identity and private project details. Should the borrower grant this access, all subsequent communications and negotiations occur outside of the Weemba platform. The company does not track whether loans are granted or the terms involved.
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