About Conelec
Conelec is a company based in Deland (United States) founded in 1983 was acquired by Main Street Capital Holdings in January 2011.. Conelec has raised $3.3 million across 2 funding rounds from investors including Main Street Capital.
- Headquarter Deland, United States
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Sectors
Technology
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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
$3.3 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Unspecified
Feb 21, 2017
- Investors
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Employee Count
Employee Count
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Acquired by
Main Street Capital Holdings
(Jan 31, 2011)
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Funding Insights of Conelec
Conelec has successfully raised a total of $3.3M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $2 million completed in February 2017. 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 — $2.0M
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First Round
First Round
(05 Dec 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Unspecified - Conelec | Valuation |
investors |
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| Dec, 2013 | Amount | Unspecified - Conelec | 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 Conelec
Conelec has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Main Street 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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Equity investments are provided to lower middle-market companies.
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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 Conelec
| 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 - Conelec
| 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 |
Conelec Comparisons
Competitors of Conelec
| 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 Conelec
When was Conelec founded?
Conelec was founded in 1983 and raised its 1st funding round 30 years after it was founded.
Where is Conelec located?
Conelec is headquartered in Deland, United States. It is registered at Deland, Florida, United States.
Is Conelec a funded company?
Conelec is a funded company, having raised a total of $3.3M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $1.3M, raised on Dec 05, 2013.
What does Conelec do?
Conelec was founded in 1983 and is based in Deland, United States. Manufacturing services are offered to original equipment manufacturers in industrial and military communications sectors. Printed circuit board assembly, electronic systems integration, and after-market support are included among the core operations to support customer production processes.
Who are Conelec's investors?
Conelec has 1 investor. Key investors include Main Street Capital.
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