About Avance Metering
Avance Metering is a company based in Ostersund (Sweden) founded in 2018 was acquired by Lumine Group in January 2019.. Avance Metering offers products and services including Collection Manager, Avance Vision, Meter Data Management (MDM), Customer Care, and Customer Portal. Avance Metering operates in a competitive market with competitors including Acxiom, Adverity, Krux, ThinkData Works and Syncari, among others.
- Headquarter Ostersund, Sweden
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Sectors
Technology
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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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Latest Funding Round
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Acquired by
Lumine Group
(Jan 01, 2019)
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Products & Services of Avance Metering
Avance Metering offers a comprehensive portfolio of products and services, including Collection Manager, Avance Vision, Meter Data Management (MDM), Customer Care, and Customer Portal. 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.
Software for collecting and managing utility meter values securely.
Platform for identifying and handling operational deviations efficiently.
System for automated and scalable energy data processing.
Software for managing customer interactions and portals.
Portal for users to access and monitor energy data easily.
Funding Insights of Avance Metering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Avance Metering
Avance Metering has secured backing from 1 investor. Prominent investors backing the company include Lumine Group. 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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Communications and media software businesses are acquired and strengthened by Lumine Group.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Avance Metering
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avance Metering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Avance Metering Comparisons
Competitors of Avance Metering
Avance Metering 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 Acxiom, Adverity, Krux, ThinkData Works and Syncari, 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 |
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Acxiom is engaged in providing data-driven marketing solutions.
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Data from multiple sources is integrated for marketing analytics.
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Cross-screen data is unified and analyzed for personalized marketing experiences.
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Offers AI data catalog platform for managing and sharing data
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Cloud-based platform for enterprise data automation and unification is provided.
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Cloud-based data management platform and third-party marketplace are operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Avance Metering
When was Avance Metering founded?
Avance Metering was founded in 2018.
Where is Avance Metering located?
Avance Metering is headquartered in Ostersund, Sweden. It is registered at Ostersund, Jamtland, Sweden.
Who is the current CEO of Avance Metering?
Bruno Nilbert is the current CEO of Avance Metering.
What does Avance Metering do?
Avance Metering was established in 2018 in Ostersund, Sweden, within the energy software sector. Data collection systems are supported for diverse meter types, terminals, and concentrators used by distribution operators. Automated management of meter data is facilitated, along with tracking and analysis of related processes. Operations focus on enabling efficient handling of energy distribution information across relevant networks.
Who are the top competitors of Avance Metering?
What products or services does Avance Metering offer?
Avance Metering offers Collection Manager, Avance Vision, Meter Data Management (MDM), Customer Care, and Customer Portal.
Who are Avance Metering's investors?
Avance Metering has 1 investor. Key investors include Lumine Group.
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