About BayoTech
BayoTech is a company based in Houston (United States) founded in 2015.. BayoTech has raised $175.45 million across 7 funding rounds from investors including Sun Mountain Capital, The Yield Lab and Fortistar. The company has 86 employees as of December 31, 2023. BayoTech has completed 1 acquisition, including IGX Group. BayoTech operates in a competitive market with competitors including Orsted, Nel Hydrogen, Electric Hydrogen, Sunfire and Verdagy, among others.
- Headquarter Houston, United States
- Employees 86 as on 31 Dec, 2023
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Sectors
Energy & Utilities
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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
$175.45 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Sun Mountain Capital
& 4 more
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Employee Count
86
as on Dec 31, 2023
- Investments & Acquisitions
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Operations Team
1 people
Instrumentation Team
1 people
Leadership Team
1 people
Software Development Team
1 people
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Funding Insights of BayoTech
BayoTech has successfully raised a total of $175.45M across 7 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 Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(28 Jan 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - BayoTech | Valuation | Cottonwood Technology Fund |
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| Dec, 2020 | Amount | Series C - BayoTech | Valuation | Newlight Partners | |
| Dec, 2020 | Amount | Series B - BayoTech | 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 BayoTech
BayoTech has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Sun Mountain Capital, The Yield Lab and Fortistar. 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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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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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 BayoTech
BayoTech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IGX Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers hydrogen fueling and other gas products
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BayoTech
| 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 |
Bayotech Comparisons
Competitors of BayoTech
BayoTech 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 Orsted, Nel Hydrogen, Electric Hydrogen, Sunfire and Verdagy, 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 |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Provider of hydrogen production and storage solutions
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Electrolyzers for hydrogen production are supplied by Verdagy.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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| 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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Latest news on Bayotech
Frequently Asked Questions about BayoTech
When was BayoTech founded?
BayoTech was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is BayoTech located?
BayoTech is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of BayoTech?
Justin Eisenach is the current CEO of BayoTech.
Is BayoTech a funded company?
BayoTech is a funded company, having raised a total of $175.45M across 7 funding rounds to date. The company's 1st funding round was a Series B of $1.5M, raised on Jan 28, 2016.
How many employees does BayoTech have?
As of Dec 31, 2023, the latest employee count at BayoTech is 86.
What does BayoTech do?
BayoTech was founded in 2015 in Houston, United States, within the clean energy sector. Hydrogen production, transport, and storage solutions are offered to support low-carbon alternatives. Local production is enabled through a network of BayoGaaS hubs, where hydrogen is generated and distributed to address regional needs. Emissions from transportation are reduced, and supply chains are optimized for efficiency.
Who are the top competitors of BayoTech?
BayoTech's top competitors include Lhyfe, Nel Hydrogen and Orsted.
How many acquisitions has BayoTech made?
BayoTech has made 1 acquisition, including IGX Group.
Who are BayoTech's investors?
BayoTech has 5 investors. Key investors include Sun Mountain Capital, The Yield Lab, Fortistar, Cottonwood Technology Fund, and Newlight Partners.