About Connit
Connit is a company based in Labege (France) founded in 2012 was acquired by Ubigreen in January 2020.. Connit has raised $3.35 million across 1 funding round from investors including GROUPE CLAIRE, Ubigreen and ENGIE New Ventures. Connit operates in a competitive market with competitors including Particle, PTC, Ayla Networks, Software AG and EVRYTHNG, among others.
- Headquarter Labege, France
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Sectors
TechnologyEnvironment
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Email
***********
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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
$3.35 M (USD)
in 1 rounds
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Latest Funding Round
$3.35 M (USD), Series A
Sep 22, 2016
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Investors
GROUPE CLAIRE
& 3 more
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Employee Count
Employee Count
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Acquired by
Ubigreen
(Jan 23, 2020)
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Funding Insights of Connit
Connit has successfully raised a total of $3.35M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.35 million completed in September 2016. 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 — $3.3M
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First Round
First Round
(22 Sep 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Series A - Connit | Valuation | ENGIE New Ventures , Demeter |
| 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 Connit
Connit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include GROUPE CLAIRE, Ubigreen and ENGIE New Ventures. 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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ENGIE New Ventures is focused on cleantech startup investments.
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Founded Year | Domain | Location | |
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Demeter is recognized as a major European investor in venture capital and private equity for energy and ecological transition.
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Founded Year | Domain | Location | |
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Designer and manufacturer of water flow control equipment
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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 Connit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Connit
| 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 |
Connit Comparisons
Competitors of Connit
Connit 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 Particle, PTC, Ayla Networks, Software AG and EVRYTHNG, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of a platform for IoT and edge computing applications
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
An IoT platform is provided for industrial applications.
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| domain | founded_year | HQ Location |
Middleware and IoT solutions are provided for enterprise digital transformation.
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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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Frequently Asked Questions about Connit
When was Connit founded?
Connit was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Connit located?
Connit is headquartered in Labege, France. It is registered at Labege, Haute-garonne, France.
Is Connit a funded company?
Connit is a funded company, having raised a total of $3.35M across 1 funding round to date. The company's 1st funding round was a Series A of $3.35M, raised on Sep 22, 2016.
What does Connit do?
Connit was founded in 2012 in Labege, France, within the IoT sector. A platform is provided for developing IoT applications, where sensor data is stored and analyzed, connected devices are managed, and dashboards are created for data visualization. Collected data can be exported to third-party platforms via APIs. Solutions based on SigFox and LoRa protocols are offered for smart building and water supply management applications.
Who are the top competitors of Connit?
Connit's top competitors include Particle, Software AG and PTC.
Who are Connit's investors?
Connit has 4 investors. Key investors include GROUPE CLAIRE, Ubigreen, ENGIE New Ventures, and Demeter.
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