Startup profile · funding coverage
Totem funding, valuation and investors
Event-tech compass hardware and app for finding friends at festivals without cell service.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Pre-Seed
~$1.3M · 2024
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
pre seed · Chattanooga, TN
Investors in latest funding
Other: Rolling pre-seed syndicate (~30 investors)
Overview
Totem builds a specialized compass and companion app that helps groups locate each other at concerts and festivals when cellular networks fail. Founded and headquartered in Chattanooga's Southside District (1428 Williams St), the company raised approximately $1.3M in a rolling pre-seed round from roughly thirty investors, including three Chattanooga-based angels.
Why Totem is interesting
Homegrown Chattanooga consumer hardware — not a Brickyard relocator. All employees work from the Southside District office; ~$1.3M pre-seed (2024–2025 reporting) billed as the largest pre-seed for a Chattanooga-born startup.
Product & use cases
Physical Totem compass device plus app for offline friend-finding at large events and festivals.
- Festival and concert crowd navigation
- Offline group coordination when cell networks overload
- Event-tech consumer hardware with recurring software engagement
Key facts
- ~$1.3M pre-seed (2024–2025) — largest pre-seed reported for a homegrown Chattanooga startup (Hypepotamus)
- All employees based in Chattanooga Southside office — not a temporary Brickyard relocation
- Tens of thousands of event users cited in company press
Funding history (newest first)
Pre-Seed
2024 ~$1.3M- Rolling pre-seed syndicate (~30 investors) (participant)
Competitive landscape
Edge: Purpose-built offline location compass versus generic messaging apps that fail when towers saturate.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Totem's financing or category context.
FAQs about Totem
Practical answers founders, operators, and investors typically search for.
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