About Arctic
Arctic is a company based in Bucharest (Romania) founded in 1968. It operates as a Direct-to-Consumer (D2C). Arctic has raised $79.39 million across 2 funding rounds from investors including European Investment Bank and European Union. Arctic offers products and services including Refrigeration Appliances, Washing Machines, and Built-in Appliances.
- Headquarter Bucharest, Romania
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Beko Romania S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$79.39 M (USD)
in 2 rounds
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Latest Funding Round
$114.76 K (USD), Grant
Oct 01, 2018
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Investors
European Investment Bank
& 1 more
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Employee Count
Employee Count
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Products & Services of Arctic
Arctic offers a comprehensive portfolio of products and services, including Refrigeration Appliances, Washing Machines, and Built-in Appliances. 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.
Various refrigeration solutions are provided for household use.
Washing machines are offered in multiple capacity options.
Built-in kitchen appliances are designed for modern homes.
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Funding Insights of Arctic
Arctic has successfully raised a total of $79.39M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $114.76 thousand completed in October 2018. 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 2
- Last Round Grant — $114,758
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First Round
First Round
(13 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Grant - Arctic | Valuation |
investors |
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| Jul, 2018 | Amount | Private Equity Round - Arctic | Valuation |
investors |
| 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 Arctic
Arctic has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Investment Bank and European Union. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Arctic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Arctic
| 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 |
Arctic Comparisons
Competitors of Arctic
| 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 Arctic
When was Arctic founded?
Arctic was founded in 1968 and raised its 1st funding round 50 years after it was founded.
Where is Arctic located?
Arctic is headquartered in Bucharest, Romania.
Is Arctic a funded company?
Arctic is a funded company, having raised a total of $79.39M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $79.39M, raised on Jul 13, 2018.
What does Arctic do?
A wide range of household appliances are produced and distributed by Arctic, a brand under Beko Romania S.A. The company focuses on refrigeration appliances, washing machines, dryers, and built-in kitchen equipment such as hobs, ovens, and dishwashers. Innovative technologies like Silent Inverter, HomeWhiz for smart connectivity, SaveInAll for energy efficiency, and BlueTech for refrigeration are integrated into their products. The company operates primarily in the consumer goods sector, targeting household needs with sustainable and efficient solutions across Romania.
What products or services does Arctic offer?
Arctic offers Refrigeration Appliances, Washing Machines, and Built-in Appliances.
Who are Arctic's investors?
Arctic has 2 investors. Key investors include European Investment Bank, and European Union.