Solavei logo — company profile

Solavei

Founded 2012 484 employees Debt Financing Total: $26.47M Mobile, Platforms +1

General Information

Company Name Solavei
Founded Year 2012
Founders / Decision Makers
Team member
Employees 484
Industries Mobile, Platforms, Social Media
Funding Stage Debt Financing
Social

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About Solavei

Solavei is a pioneering social commerce network founded in 2012. The company's innovative approach aims to revolutionize traditional business models by making everyday shopping more affordable and rewarding for consumers. Solavei distinguishes itself by offering unlimited, contract-free voice, text, and data mobile services on a nationwide 4G LTE network, with plans starting at $29/month.

Unlike conventional retailers, Solavei leverages a unique marketing strategy that empowers its members to earn rewards by recommending the brand to their social circles. Through the Solavei Marketplace, social members gain access to exclusive deals and cashback offers from top local and national merchants, enhancing their everyday shopping experiences.

The brand's commitment to social commerce has attracted considerable attention, with a noteworthy $10.90M Debt Financing investment secured on 05 June 2013. This influx of capital underscores the confidence investors have in Solavei's disruptive business model and its potential for growth within the Mobile, Platforms, and Social Media industries.

For more information and updates, interested parties can visit Solavei.com or engage with the brand via social media on Facebook.com/Solavei and Twitter.com/Solavei.

Business keywords: social commerce network, mobile service provider, contract-free plans, cash back, 4G LTE network, consumer rewards, unlimited voice and text, consumer savings, Solavei Marketplace, network marketing, consumer referral program

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $10.90M -
05 Jun 2013
Debt Financing $2.00M -
24 May 2013
Series A $7.50M 1
Cavallino Capital
16 Oct 2012
Private Equity Round $6.07M -
17 Aug 2012

Solavei Alternatives & Competitors

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FAQ About Solavei

Solavei is the world's first social commerce network and represents a whole new way of doing business. The Solavei mission is to make everyday shopping less expensive and even profitable for consumers. While other companies spend billions on retail locations and traditional advertising, Solavei rewa...
Solavei was founded in 2012.
Solavei operates in Mobile, Platforms and Social Media. Its work centres on social commerce network, mobile service provider, contract-free plans and cash back.
Solavei has approximately 484 employees.
Solavei has completed 4 funding rounds, raising a total of $26.47M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Solavei include Tiipz, Shiphaly, Vuyu. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Solavei and Tiipz are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Solavei, https://bouncewatch.com/company/solavei, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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