About Belt Power
Belt Power is a company based in Marietta (United States) founded in 1989 was acquired by Platte River Equity in August 2022.. Belt Power has raised $23.75 million across 2 funding rounds from investors including Platte River Equity and Shorehill Capital. The company has 125 employees as of December 31, 2022. Belt Power has completed 8 acquisitions, including Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation.
- Headquarter Marietta, United States
- Employees 125 as on 31 Dec, 2022
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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
$23.75 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Unspecified
Jun 11, 2024
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Investors
Platte River Equity
& 1 more
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Employee Count
125
as on Dec 31, 2022
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Investments & Acquisitions
Accurate Industrial
& 7 more
- Acquired by
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Funding Insights of Belt Power
Belt Power has successfully raised a total of $23.75M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $23 million completed in June 2024. 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 Unspecified — $23.0M
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First Round
First Round
(27 Oct 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Unspecified - Belt Power | Valuation |
investors |
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| Oct, 2023 | Amount | Unspecified - Belt Power | 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 Belt Power
Belt Power has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Platte River Equity and Shorehill Capital. 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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Platte River Equity is focused on private equity investments.
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Founded Year | Domain | Location | |
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A private equity firm based in Chicago is operated.
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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 Belt Power
Belt Power has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Conveyor belts and motorized pulleys are manufactured, fabricated, and distributed.
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2013 | ||||
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Industrial automation solutions and products are provided for various sectors.
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2006 | ||||
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Offers ship components and repair services
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2004 |
| 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 - Belt Power
| 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 |
Belt Power Comparisons
Competitors of Belt Power
| 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 Belt Power
When was Belt Power founded?
Belt Power was founded in 1989 and raised its 1st funding round 34 years after it was founded.
Where is Belt Power located?
Belt Power is headquartered in Marietta, United States. It is registered at Marietta, Georgia, United States.
Who is the current CEO of Belt Power?
Don Heitmeier is the current CEO of Belt Power.
Is Belt Power a funded company?
Belt Power is a funded company, having raised a total of $23.75M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $750K, raised on Oct 27, 2023.
How many employees does Belt Power have?
As of Dec 31, 2022, the latest employee count at Belt Power is 125.
What does Belt Power do?
Belt Power was established in 1989 and is headquartered in Marietta, United States. Operations focus on the manufacturing and distribution of conveyor components within the industrial sector. Products are supplied to support material handling needs across various applications. The company is led by CEO Don Heitmeier, with activities centered in the North American market. Distribution networks are maintained to ensure component availability for industrial clients.
How many acquisitions has Belt Power made?
Belt Power has made 8 acquisitions, including Accurate Industrial, Avtech Industrial, and Dunham Rubber & Belting Corporation.
Who are Belt Power's investors?
Belt Power has 2 investors. Key investors include Platte River Equity, and Shorehill Capital.