About Chromagen
Chromagen is a company based in Haifa (Israel) founded in 1962 was acquired by Ariston in January 2022. It operates as a Direct-to-Consumer (D2C) and Professional Services. Chromagen has raised $5 million across 1 funding round from investors including Groupe Atlantic, Tene Capital and Ariston Group. Chromagen offers products and services including Thermosiphon Systems, Forced Circulation Systems, and Drain Back Systems. Chromagen operates in a competitive market with competitors including Zodiac Energy, Enerworks, Frisquet, VSVPRO and Sunne Heater, among others.
- Headquarter Haifa, Israel
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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
*********
- Legal Name Chromagen Israel Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jun 01, 2006
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Investors
Groupe Atlantic
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Chromagen
Chromagen offers a comprehensive portfolio of products and services, including Thermosiphon Systems, Forced Circulation Systems, and Drain Back Systems.
Hot water systems using natural circulation are provided.
Hot water systems with forced circulation are offered.
Drain back systems for hot water are supplied.
People of Chromagen
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Funding Insights of Chromagen
Chromagen has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2006. 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 1
- Last Round Series A — $5.0M
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First Round
First Round
(01 Jun 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2006 | Amount | Series A - Chromagen | Valuation |
investors |
Investors in Chromagen
Chromagen has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Groupe Atlantic, Tene Capital and Ariston Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tene Capital is recognized as a leading private equity fund in Israel.
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Founded Year | Domain | Location | |
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Thermal comfort solutions are provided by Groupe Atlantic globally.
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Founded Year | Domain | Location | |
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Heating and water heating solutions are offered by Ariston Group.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chromagen
Financial Statements - Chromagen
Chromagen Comparisons
Competitors of Chromagen
Chromagen 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 Zodiac Energy, Enerworks, Frisquet, VSVPRO and Sunne Heater, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar parabolic troughs, water heaters, and PV modules are installed.
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| domain | founded_year | HQ Location |
Solar thermal energy technology developer
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| domain | founded_year | HQ Location |
Delivers smart solar water heating solutions for efficient energy use.
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| domain | founded_year | HQ Location |
Offers solutions for air conditioning and heating systems to optimize energy efficiency.
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| domain | founded_year | HQ Location |
Solar water heaters are manufactured for domestic use.
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Latest news on Chromagen
Frequently Asked Questions about Chromagen
Chromagen was founded in 1962 and raised its 1st funding round 44 years after it was founded.
Chromagen is headquartered in Haifa, Israel. It is registered at Haifa, Haifa District, Israel.
Chromagen is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jun 01, 2006.
Chromagen is established as a prominent provider of hot water solutions worldwide, catering to diverse sectors such as residential, commercial, industrial, hotels, hospitals, schools, universities, factories, and sports clubs. Comprehensive water heating solutions are offered through a specialized engineering department, including project data analysis, design drafts with ROI calculations, quotations, detailed plans, installation, supervision, and after-sale support. Various systems like thermosiphon, forced circulation, and drain back are provided to meet client needs across multiple applications.
Chromagen's top competitors include Zodiac Energy, Enerworks and VSVPRO.
Chromagen offers Thermosiphon Systems, Forced Circulation Systems, and Drain Back Systems.
Chromagen has 3 investors. Key investors include Groupe Atlantic, Tene Capital, and Ariston Group.