what3words allows people to find & communicate a location more accurately, more easily and with less ambiguity than any other system like postcode or gps. It is a tiny piece of code that works across platform, with voice & offline and it can be easily integrated into other applications & sites. The uses are many; around the world it is being integrated into navigation systems, car share apps, property search sites & used by couriers, taxis, local authorities, maintenance agencies & mobile aid solutions.

Type
Private
HQ
London, GB
Founded
2013
Size (employees)
126 (est)+2%
what3words was founded in 2013 and is headquartered in London, GB
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what3words Office Locations

what3words has an office in London
London, GB (HQ)
Westbourne Studios 242 Acklam Rd
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what3words Financials and Metrics

Summary Metrics

Founding Date

2013

Total Funding

$13.5 m

Latest funding size

$8.50 m

Time since last funding

2 years ago

Investors

what3words's latest funding round in June 2016 was reported to be $8.5 m. In total, what3words has raised $13.5 m

what3words Financials

what3words's revenue was reported to be £20.34 k in FY, 2017
GBP

Revenue (FY, 2017)

20.3 k

Net income (FY, 2017)

(4.5 m)

EBITDA (FY, 2017)

(4.9 m)

EBIT (FY, 2017)

(5 m)

Cash (31-Jul-2017)

6.8 m
GBPFY, 2015FY, 2016FY, 2017

Revenue

31.4 k3.6 k20.3 k

Revenue growth, %

(89%)

Operating expense total

1 m2.3 m5 m

EBITDA

(950.5 k)(2.2 m)(4.9 m)
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

301.2 k317.6 k5.6 m6.8 m

Accounts Receivable

19.5 k460 3.4 k52.3 k

Current Assets

320.6 k458.5 k5.7 m7.7 m

PP&E

1.4 k1.4 k11.6 k56.9 k
GBPFY, 2015FY, 2016FY, 2017

Net Income

(872.8 k)(2.2 m)(4.5 m)

Cash From Operating Activities

(2.2 m)(4.6 m)

Cash From Financing Activities

7.4 m6.5 m

Net Change in Cash

5.2 m1.3 m
GBPY, 2017

Revenue/Employee

332

Financial Leverage

1.1 x
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what3words News and Updates

Digital Innovators: Q&A with what3words co-founder Chris Sheldrick

what3words has divided the world into 3m x 3m squares, each with a unique address made from three dictionary words, thus offering the simplest way to communicate location. Last year what3words was identified as one of 50 of the freshest and most inspiring digital companies using technology and in…

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