About Conexus
Conexus is a company based in Riga (Latvia) founded in 2016. It operates as a Managed Services. The company has 356 employees as of December 31, 2022. Conexus offers products and services including Gas Transmission, Gas Storage, and Solidarity Storage Service. Conexus operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter Riga, Latvia
- Employees 356 as on 31 Dec, 2022
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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 As Conexus Baltic Grid
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Annual Revenue
$59.03 M (USD)-3as on Dec 31, 2022
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Net Profit
$11.98 M (USD)-14as on Dec 31, 2022
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EBITDA
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Latest Funding Round
$3.1 M (USD), Grant
Jul 01, 2019
- Investors
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Employee Count
356
as on Dec 31, 2022
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Products & Services of Conexus
Conexus offers a comprehensive portfolio of products and services, including Gas Transmission, Gas Storage, and Solidarity Storage Service. 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.
Gas transmission services are provided across Latvian regions.
Gas storage is managed at Inčukalns underground facility.
Solidarity storage services are offered for regional stability.
Funding Insights of Conexus
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $3.1M
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First Round
First Round
(19 May 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Grant - Conexus | Valuation |
investors |
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| Oct, 2018 | Amount | Grant - Conexus | Valuation |
investors |
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| Oct, 2017 | Amount | Grant - Conexus | 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 Conexus
Conexus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Conexus
| 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 - Conexus
| 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 |
Conexus Comparisons
Competitors of Conexus
Conexus 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 Shell, Dominion Energy, Eni Next, Gazprom and Suncor, 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 |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| domain | founded_year | HQ Location |
Oil sands development, exploration, production, and refining are conducted.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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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 Conexus
Frequently Asked Questions about Conexus
When was Conexus founded?
Conexus was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Conexus located?
Conexus is headquartered in Riga, Latvia.
Who is the current CEO of Conexus?
Zane Kotane is the current CEO of Conexus.
How many employees does Conexus have?
As of Dec 31, 2022, the latest employee count at Conexus is 356.
What is the annual revenue of Conexus?
Annual revenue of Conexus is $59.03M as on Dec 31, 2022.
What does Conexus do?
Conexus, operating as AS Conexus Baltic Grid, is involved in the transmission and storage of natural gas in Latvia. The company manages the Inčukalns underground gas storage facility, the only such facility in the Baltic states, ensuring supply stability across the region. Services are provided to certified gas traders under regulated tariffs set by the Public Utilities Commission. Additionally, Conexus collaborates in the unified gas market with Finland and Estonia, promoting market competition and supporting the development of a unified EU gas market. The company also focuses on sustainability through projects like biomethane integration and hydrogen corridor development.
Who are the top competitors of Conexus?
Conexus's top competitors include Dominion Energy, Shell and Uniper.
What products or services does Conexus offer?
Conexus offers Gas Transmission, Gas Storage, and Solidarity Storage Service.
Who are Conexus's investors?
Conexus has 1 investor. Key investors include European Union.
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