Location World

Location World is an Ecuador-based startup that specializes in digital transformation and IoT to create high-value business ecosystems. With a founding team boasting over 20 years of experience in technology companies, specifically in Fleet Management, Location-Based Services, Telematics, and Insurtech in Latin America, the startup has solid industry know-how. Notably, the team was the strategic partner and sole supplier for General Motors, pioneering the development and operation of ChevyStar, the first and only OEM telematics solution in Latam. Additionally, Location World served as Waze's exclusive operator and strategic partner for Latin America, amassing an impressive 13 million users in the region within three years. Their success led to Waze's acquisition by Google for a remarkable $1.3 billion in 2013. Presently, Location World operates in 9 countries, focusing on telematics services and new business models through the Internet of Things and Advanced Analytics in industries such as automotive, transport, security, logistics, and insurance. Their flagship product, CarSync®, encapsulates their expertise and offerings. As of now, there is no publicly available information about the startup's last investment or investors. With a firm foundation, an impressive track record, and a specialized focus on cutting-edge technologies, Location World presents an intriguing opportunity for potential investors in the Information Technology and Insurtech sectors.