About Altitun
Altitun is a company based in Stockholm (Sweden) founded in 1997 was acquired by Visma in December 2003.. Altitun has raised $10 million across 1 funding round from investors including Visma, Telia Company and Kennet Partners. Altitun operates in a competitive market with competitors including nLIGHT, Toptica Photonics, Coherent, M Squared and NeoPhotonics, among others.
- Headquarter Stockholm, Sweden
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Sectors
Technology
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Phone
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Website
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Funding Insights of Altitun
Altitun has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in December 1999. 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 B — $10.0M
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First Round
First Round
(22 Dec 1999)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 1999 | Amount | Series B - Altitun | Valuation | Kennet Partners , Vision Capital |
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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 Altitun
Altitun has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Visma, Telia Company and Kennet Partners. 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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Tech and offline focused VC firm investing primarily in the US and Europe
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An international investment group focused on sustainable value creation.
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Integrated telecom and TV services are offered to Swedish customers.
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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 Altitun
| 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 - Altitun
| 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 |
Altitun Comparisons
Competitors of Altitun
Altitun 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 nLIGHT, Toptica Photonics, Coherent, M Squared and NeoPhotonics, 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 |
Fiber lasers are developed and supplied for industrial applications.
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| domain | founded_year | HQ Location |
Diode lasers are manufactured for scientific and industrial applications.
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| domain | founded_year | HQ Location |
Laser-based and photonics products are manufactured for multiple applications.
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| domain | founded_year | HQ Location |
Light-sheet microscopy systems are developed for biosciences verticals.
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| domain | founded_year | HQ Location |
Diversified lasers and optoelectronic products are manufactured for optical networks.
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| domain | founded_year | HQ Location |
Laser-based photonic systems are developed for industrial and research sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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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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Latest news on Altitun
Frequently Asked Questions about Altitun
When was Altitun founded?
Altitun was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Where is Altitun located?
Altitun is headquartered in Stockholm, Sweden.
Is Altitun a funded company?
Altitun is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Dec 22, 1999.
What does Altitun do?
Altitun was founded in 1997 in Stockholm, Sweden, focusing on the telecommunications sector. Tunable lasers were developed by the company for fiber-optic and high-bandwidth networks, with an integrated electronics control package provided for management and integration. This technology was designed to support increased capacities in broadband networks. The company was acquired by ADC Solutions in 2000 and subsequently by Visma Software in 2003.
Who are the top competitors of Altitun?
Who are Altitun's investors?
Altitun has 5 investors. Key investors include Visma, Telia Company, Kennet Partners, Vision Capital, and ADC - A Different Company.