About CiiTECH
CiiTECH is a company based in London (United Kingdom) founded in 2017.. CiiTECH has raised $2.91 million across 1 funding round from investors including Fastforward Innovations. CiiTECH operates in a competitive market with competitors including Theros Pharmaceutical, Diem Botanics, Breathe Life Sciences, ACCESS CBD and Pure Organic CBD, among others.
- Headquarter London, United Kingdom
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Sectors
Consumer
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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 Ciitech Ltd
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Annual Revenue
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Net Profit
$581.9 K (USD)1771as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$2.91 M (USD)
in 1 rounds
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Latest Funding Round
$2.91 M (USD), Seed
Jul 06, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of CiiTECH
CiiTECH has successfully raised a total of $2.91M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.91 million completed in July 2021. 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 Seed — $2.9M
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First Round
First Round
(06 Jul 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - CiiTECH | Valuation | Fastforward Innovations |
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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 CiiTECH
CiiTECH has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fastforward Innovations. 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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Tech & life Science focused early stage VC firm investing in North America & Europe
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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 CiiTECH
| 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 - CiiTECH
| 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 |
Ciitech Comparisons
Competitors of CiiTECH
CiiTECH 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 Theros Pharmaceutical, Diem Botanics, Breathe Life Sciences, ACCESS CBD and Pure Organic CBD, 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 |
Medical cannabis products are developed and branded by Theros Pharmaceutical.
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| domain | founded_year | HQ Location |
Delivers cannabis-based wellness products to enhance health and well-being.
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| domain | founded_year | HQ Location |
Brand of cannabis medical, health, and wellness products
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| domain | founded_year | HQ Location |
Provides online sales of CBD products with advice and lab reports.
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| domain | founded_year | HQ Location |
Offers comprehensive CBD oil solutions and services for health needs.
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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 Ciitech
Frequently Asked Questions about CiiTECH
When was CiiTECH founded?
CiiTECH was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is CiiTECH located?
CiiTECH is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is CiiTECH a funded company?
CiiTECH is a funded company, having raised a total of $2.91M across 1 funding round to date. The company's 1st funding round was a Seed of $2.91M, raised on Jul 06, 2021.
What does CiiTECH do?
CiiTECH was founded in 2017 and is headquartered in London, United Kingdom. Operations focus on the development of cannabis-based therapeutics within the biotechnology sector. Products are targeted at conditions such as neurological disorders, asthma, liver disease, and obesity. These therapeutics are designed to bind with CB1 and CB2 receptors in the brain, facilitating treatment for various diseases. The companys domain is ciitech.co.il.
Who are the top competitors of CiiTECH?
CiiTECH's top competitors include Theros Pharmaceutical, Breathe Life Sciences and Diem Botanics.
Who are CiiTECH's investors?
CiiTECH has 1 investor. Key investors include Fastforward Innovations.