About Bind-X
Bind-X is a company based in Planegg (Germany) founded in 2011 by Martin Spitznagel.. Bind-X has raised $11.01 million across 6 funding rounds from investors including EIT Health, European Union and HG Ventures. Bind-X offers products and services including TerraBind, Customised Development, Staff Training, and Technical Support. Bind-X operates in a competitive market with competitors including INOQ, SUDAU AGRO, GreEnCAP, SOLENA and ABiTEP, among others.
- Headquarter Planegg, Germany
- Founders Martin Spitznagel
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Sectors
Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Bind-X Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.01 M (USD)
in 6 rounds
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Latest Funding Round
$11.01 M (USD), Series B
Aug 01, 2023
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Investors
EIT Health
& 6 more
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Employee Count
Employee Count
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Products & Services of Bind-X
Bind-X offers a comprehensive portfolio of products and services, including TerraBind, Customised Development, Staff Training, and Technical Support. 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.
Biological binder that stabilizes roads, reduces dust, and cuts water usage in mining.
Tailored binder solutions based on soil analysis for specific mining conditions.
On-site guidance for operators to optimize dust control implementation.
Advice and assistance for effective dust management in mining operations.
Funding Insights of Bind-X
Bind-X has successfully raised a total of $11.01M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $11.01 million completed in August 2023. 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 6
- Last Round Series B — $11.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - Bind-X | Valuation | HG Ventures , Saxovent | |
| Sep, 2022 | Amount | Grant - Bind-X | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - Bind-X | 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 Bind-X
Bind-X has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include EIT Health, European Union and HG Ventures. 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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HG Ventures is focused on investing in sustainable technology companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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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 Bind-X
| 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 |
Financial Statements - Bind-X
| 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 |
Bind-X Comparisons
Competitors of Bind-X
Bind-X 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 INOQ, SUDAU AGRO, GreEnCAP, SOLENA and ABiTEP, 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 |
Provider of crop inputs for farming
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| domain | founded_year | HQ Location |
Farm biologicals are manufactured to enhance plant nutrition and growth.
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| domain | founded_year | HQ Location |
Crop protection solutions are provided using plant-based and aquaculture-waste materials.
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| domain | founded_year | HQ Location |
Online platform producing smart soil
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| domain | founded_year | HQ Location |
Microbial products are developed for sustainable agriculture and gardening applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Bind-X
When was Bind-X founded?
Bind-X was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Bind-X located?
Bind-X is headquartered in Planegg, Germany. It is registered at Planegg, Bavaria, Germany.
Who is the current CEO of Bind-X?
Martin Spitznagel is the current CEO of Bind-X. They have also founded this company.
Is Bind-X a funded company?
Bind-X is a funded company, having raised a total of $11.01M across 6 funding rounds to date. The company's 1st funding round was a Grant of $1.92M, raised on Jun 01, 2018.
What does Bind-X do?
Bind-X was founded in 2011 in Planegg, Germany, where technology for the solidification of particles is developed. Proprietary microbiologically induced calcite precipitation is utilized to transform dust into stone through biomineralization. In this bio-geochemical process, calcium carbonate is precipitated by microorganisms. Operations center on environmental and industrial applications in the biotechnology sector, with leadership provided by co-founder and CEO Martin Spitznagel.
What products or services does Bind-X offer?
Bind-X offers TerraBind, Customised Development, Staff Training, and Technical Support.
Who are Bind-X's investors?
Bind-X has 7 investors. Key investors include EIT Health, European Union, HG Ventures, Saxovent, and Greeneering Invest.