Totem, a Chattanooga, Tenn.-based tech startup recognized for its viral debut product, the Totem Compass, closed a pre-seed funding spherical, elevating $1.3m.
The corporate intends to make use of the capital to scale their manufacturing capabilities, provide chain, and inside staff.
Led by –Carter Fowler, CEO, Totem provides Totem Compass, a peer-to-peer monitoring machine for shoppers with exact, real-time location updates. The machine is 100% screen-free and designed to work with out mobile networks, Wi-Fi, or apps. Powered by Totem’s proprietary Unity Mesh Community™ and superior GNSS expertise, it additionally options SOS performance, making certain customers can keep effortlessly linked with a dependable vary, unbreakable bonds, and a easy, intuitive interface.
After reaching greater than $1.5M in verified pre-orders, Totem Compass rollout started in October 2024 and has since shipped over 20,000 models to prospects in additional than 60 nations world wide. Out there now, the Totem Compass pricing begins at $69 per machine, with discounted choices for wholesale orders.
As well as, Totem is growing a companion product for the pageant compass that will likely be revealed in March, in addition to a collection of equipment for customers to personalize their gadgets. With substantial funding curiosity constructing, Totem has plans for a Seed Spherical in Q2 of 2025, coming alongside future product particulars.
FinSMEs
13/02/2025
