About Ascenz
Ascenz is a company based in Singapore (Singapore) founded in 2008 was acquired by GTT in December 2017. Ascenz has raised $482 thousand across 2 funding rounds from investors including GTT, greenmarinecapital.com and H. S. Engineers. Ascenz operates in a competitive market with competitors including Qtagg, Eniram, Eltronic FuelTech, Explicit and Fjord Maritime, among others.
- Headquarter Singapore, Singapore
- SectorsTransportation, Automotive & LogisticsEnvironment
- Website ascenz.com
- Social LinkedIn
- Acquired by GTT (Dec 2017)
Funding Insights of Ascenz
Ascenz has successfully raised a total of $482K across 2 strategic funding rounds. 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 $482,000
- Total Rounds 2
- First Round $482,000
(Dec 2012)
- Investors Count 2
All 2 funding rounds of Ascenz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2014 | – | Series A | – | greenmarinecapital.com | – |
| Dec 2012 | $482,000 | Seed | – | Red Dot Ventures | – |
3 investors in total: 3 institutional.
Investors in Ascenz
Ascenz has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include GTT, greenmarinecapital.com and H. S. Engineers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
H. S. Engineers is engaged in manufacturing acoustic enclosures and material handling systems. | 2001 | reddotventures.com | Greater Noida, India | |
- | – | greenmarinecapital.com | - | |
GTT is engaged in LNG transportation and storage solutions. | 1994 | gtt.fr | Chevreuse, France |
Investor details for Ascenz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of Ascenz
4 dated milestones of Ascenz across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Ascenz is founded.
- Funding First funding round of $482K.
- Funding Latest funding round, Series A,.
- Exit Acquired by GTT.
Competitors of Ascenz
Ascenz 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 Qtagg, Eniram, Eltronic FuelTech, Explicit and Fjord Maritime, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qtagg.com | 1997 | Vasteras, Sweden | $1.87M | – | Maritime fuel management systems for fuel optimization are provided. | |
| eniram.fi | 2005 | Helsinki, Finland | $6.5M | – | Fuel saving system for maritime vessels | |
| eltronicfueltech.com | 2014 | Hedensted, Denmark | – | 124 | Fuel efficiency solutions are provided for maritime vessels. | |
| explicit.dk | 1998 | Virum, Denmark | – | 14 | Maritime emissions are monitored through microsensor technology and data systems. | |
| fjordmaritime.no | 2016 | Bergen, Norway | – | 20 | Provides electrification, digitalization, and energy solutions for the aquaculture sector. | |
| closelink.com | 2016 | Hamburg, Germany | $1.12M | – | A marine lubricant procurement platform is provided for shipping firms. | |
| singfuels.com | 2012 | Singapore | – | – | Offers bunker trading, energy services, and logistics to ship owners worldwide. | |
| we4sea.com | 2016 | Delft, Netherlands | $426,688 | – | SaaS-based fuel monitoring is provided for marine fuel efficiency. |
Detailed competitors of Ascenz
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Ascenz
Complete news archive for Ascenz
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Ascenz
10 companies that operate in the same segment as Ascenz (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Ascenz
Ascenz was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Ascenz is headquartered in Singapore, Singapore.
Ascenz is a funded company, having raised a total of $482K across 2 funding rounds to date. The company's 1st funding round was a Seed of $482K, raised on Dec 2012.
Annual revenue of Ascenz is $4.65M as on Dec 31, 2021.
Founded in 2008 and based in Singapore, Ascenz operates in the maritime industry. Proprietary software is utilized to capture fuel consumption and bunkering data from vessels, which is transmitted directly to onshore offices. This information is analyzed for usage oversight and efficiency checks. Additional data on engine performance, vessel location, speed, and route is relayed, supporting navigational tracking.
Ascenz's top competitors include Explicit, Eltronic FuelTech and Eniram.
Ascenz has 3 investors. Key investors include GTT, greenmarinecapital.com, and H. S. Engineers.
Yes. Ascenz was acquired by GTT in December 2017.