About 720 Degrees
720 Degrees is a company based in Helsinki (Finland) founded in 2012 by Tomas Novotny.. 720 Degrees has raised $3.51 million across 5 funding rounds from investors including European Union, Business Finland and EIC Fund. 720 Degrees offers products and services including Predictive Property Maintenance, Automatic Reporting, and AI-Supported Communication. 720 Degrees operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Helsinki, Finland
- Founders Tomas Novotny
-
Sectors
Business ServicesEnvironment Real Estate & Construction Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 720 Degrees Oy
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$3.51 M (USD)
in 5 rounds
-
Latest Funding Round
$56.24 K (USD), Grant
Jun 30, 2020
-
Investors
European Union
& 4 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of 720 Degrees
720 Degrees offers a comprehensive portfolio of products and services, including Predictive Property Maintenance, Automatic Reporting, and AI-Supported Communication. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for forecasting and managing building maintenance issues.
System for real-time generation of environmental reports and alerts.
Platform for user feedback and notifications on indoor conditions.
Unlock access to complete
Funding Insights of 720 Degrees
720 Degrees has successfully raised a total of $3.51M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $56.24 thousand completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $56,236
-
First Round
First Round
(10 Oct 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Grant - 720 Degrees | Valuation |
investors |
|
| Jan, 2019 | Amount | Series A - 720 Degrees | Valuation | J&T Ventures , PI LABS |
|
| Jan, 2019 | Amount | Grant - 720 Degrees | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 720 Degrees
720 Degrees has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Business Finland and EIC Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Government agency and accelerator focusing on innovative startups and SMEs
|
Founded Year | Domain | Location | |
|
Early-stage venture capital investments are provided by J&T Ventures.
|
Founded Year | Domain | Location | |
|
Early-stage venture capital investments are made in proptech startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 720 Degrees
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 720 Degrees
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
720 Degrees Comparisons
Competitors of 720 Degrees
720 Degrees operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
|
|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
|
|
| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
|
| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 720 Degrees
When was 720 Degrees founded?
720 Degrees was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is 720 Degrees located?
720 Degrees is headquartered in Helsinki, Finland.
Who is the current CEO of 720 Degrees?
Tomas Novotny is the current CEO of 720 Degrees. They have also founded this company.
Is 720 Degrees a funded company?
720 Degrees is a funded company, having raised a total of $3.51M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.32M, raised on Oct 10, 2014.
What does 720 Degrees do?
720 Degrees is a cloud-based solution for monitoring the indoor environmental quality such as air quality, temperature, noise pollution, of smart infrastructures. Uses machine learning to automatically detect material emission, low relative humidity, recurring odors, rapid fluctuations in temperature and more. It collects analyses data and then sends messages with suggestions to facility stakeholders on the required changes. Has clientele within Finland such as GE Healthcare, IBM, Nokia, Danske Bank, Stora Enso, DNA, YIT, and more. The company was awarded the Best IoT Startup in Nordics and is partnered with Tieto.
Who are the top competitors of 720 Degrees?
720 Degrees's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does 720 Degrees offer?
720 Degrees offers Predictive Property Maintenance, Automatic Reporting, and AI-Supported Communication.
Who are 720 Degrees's investors?
720 Degrees has 5 investors. Key investors include European Union, Business Finland, EIC Fund, J&T Ventures, and Pi Labs.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.