About Algar
Algar is a company based in Lille (France) founded in 2016 by Aurelien De Nunzio and Maxime Coucke was acquired by Groupe NAT in December 2023.. Algar has raised $3.62 million across 1 funding round from investors including Groupe N.A.T.
- Headquarter Lille, France
- Founders Aurelien De Nunzio, Maxime Coucke
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.62 M (USD)
in 1 rounds
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Latest Funding Round
$3.62 M (USD), Series A
Jun 01, 2021
- Investors
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Employee Count
Employee Count
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Acquired by
Groupe NAT
(Dec 18, 2023)
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Funding Insights of Algar
Algar has successfully raised a total of $3.62M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.62 million completed in June 2021. 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 1
- Last Round Series A — $3.6M
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First Round
First Round
(01 Jun 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Algar | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Algar
Algar has secured backing from 1 investor. Prominent investors backing the company include Groupe N.A.T. 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 |
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Groupe N.A.T is engaged in network management and regulatory compliance.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algar Comparisons
Competitors of Algar
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Algar
When was Algar founded?
Algar was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Algar located?
Algar is headquartered in Lille, France. It is registered at Lille, Hauts-de-france, France.
Who is the current CEO of Algar?
Aurelien De Nunzio is the current CEO of Algar. They have also founded this company.
Is Algar a funded company?
Algar is a funded company, having raised a total of $3.62M across 1 funding round to date. The company's 1st funding round was a Series A of $3.62M, raised on Jun 01, 2021.
What does Algar do?
Algar Tech was founded in 2016 in Lille, France, and operates in the technology sector. Complete customer experience (CX) and managed service provider (MSP) solutions are developed for businesses, drawing on 25 years of market experience. Services encompass intelligence integration and operational support, with leadership provided by co-founders Aurelien De Nunzio as CEO and Maxime Coucke. The company focuses on business service delivery across its domain.
Who are Algar's investors?
Algar has 1 investor. Key investors include Groupe N.A.T.