About Clover Imaging Group
Clover Imaging Group is a company based in Hoffman Estates (United States) founded in 1996 was acquired by Norwest Equity Partners in November 2019.. Clover Imaging Group has raised $26 million across 1 funding round from investors including KeyBank and Norwest Equity Partners. Clover Imaging Group has completed 4 acquisitions, including Environmental Reclamation Services, LMI and Phoenix Direct. Clover Imaging Group offers products and services including Remanufactured Toner Cartridges and Managed Print Services.
- Headquarter Hoffman Estates, United States
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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 Clover Imaging Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26 M (USD)
in 1 rounds
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Latest Funding Round
$26 M (USD), Series B
Jun 30, 2006
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Investors
KeyBank
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Environmental Reclamation Services
& 3 more
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Acquired by
Norwest Equity Partners
(Nov 21, 2019)
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Products & Services of Clover Imaging Group
Clover Imaging Group offers a comprehensive portfolio of products and services, including Remanufactured Toner Cartridges and Managed Print Services. 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.
Remanufactured toner cartridges are produced to achieve extended yields and incorporate recycled materials for environmental benefits.
Managed print services are offered to optimize printing operations and monitor usage remotely for efficiency.
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Leadership Team
17 people
Sales and Marketing
10 people
Software Development Team
5 people
Senior Team
5 people
Operations Team
4 people
Product Management Team
3 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
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Funding Insights of Clover Imaging Group
Clover Imaging Group has successfully raised a total of $26M through 1 strategic funding round. The most recent funding activity was a Series B round of $26 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 B — $26.0M
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First Round
First Round
(30 Jun 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2006 | Amount | Series B - Clover Imaging Group | Valuation | KeyBank |
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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 Clover Imaging Group
Clover Imaging Group has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include KeyBank and Norwest Equity Partners. 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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PE firm investing in the US
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Founded Year | Domain | Location | |
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Regional bank
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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 Clover Imaging Group
Clover Imaging Group has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Environmental Reclamation Services, LMI and Phoenix Direct. 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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Ecommerce and warehousing services are retailed in the United States.
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2012 | ||||
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Waste management services are delivered to commercial and residential clients.
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2001 | ||||
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Technology solutions are provided for defense, health, and intelligence sectors.
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1992 |
| 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 - Clover Imaging Group
| 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 |
Clover Imaging Group Comparisons
Competitors of Clover Imaging Group
| 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 Clover Imaging Group
When was Clover Imaging Group founded?
Clover Imaging Group was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Clover Imaging Group located?
Clover Imaging Group is headquartered in Hoffman Estates, United States. It is registered at Hoffman Estates, Illinois, United States.
Is Clover Imaging Group a funded company?
Clover Imaging Group is a funded company, having raised a total of $26M across 1 funding round to date. The company's 1st funding round was a Series B of $26M, raised on Jun 30, 2006.
What does Clover Imaging Group do?
Clover Imaging Group was founded in 1996 and is headquartered in Hoffman Estates, United States. Operations focus on the production of printer cartridges and related imaging products within the office supplies sector. Manufacturing processes are conducted to supply compatible and remanufactured cartridges to distributors and end-users. The companys domain, cloverimaging.com, supports global outreach for these services, with activities centered in North America.
What products or services does Clover Imaging Group offer?
Clover Imaging Group offers Remanufactured Toner Cartridges and Managed Print Services.
How many acquisitions has Clover Imaging Group made?
Clover Imaging Group has made 4 acquisitions, including Environmental Reclamation Services, LMI, and Phoenix Direct.
Who are Clover Imaging Group's investors?
Clover Imaging Group has 2 investors. Key investors include KeyBank, and Norwest Equity Partners.