Private Equity Round in 2013
eVolution Networks specializes in energy savings software solutions tailored for the telecommunications industry. Founded in 2011 and headquartered in Ramat-Gan, Israel, with additional offices in New York and Panama, the company offers its Smart Energy Solution, a web-based platform designed to analyze mobile network traffic and optimize resource usage based on real-time demand. This innovative software can reduce energy consumption at the base station level by up to 35% annually, even for operators already using efficient cooling systems and energy-saving features. By providing a unique approach to managing energy consumption, eVolution Networks addresses the significant challenge of rising energy costs faced by mobile operators, while enhancing overall energy efficiency and reliability in telecommunications networks.
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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