About Corel
Corel is a company based in Ottawa (Canada) founded in 1995 was acquired by KKR in July 2019.. The company has 23 employees as of September 30, 2024. Corel has completed 7 acquisitions, including Ad Remover, Awingu and ClearSlide. Corel operates in a competitive market with competitors including PicsArt, Pixelworks, MAGIX, Clipchamp and Imagen, among others.
- Headquarter Ottawa, Canada
- Employees 23 as on 30 Sep, 2024
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Sectors
TechnologyMedia & Entertainment
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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
$2.51 M (USD)81as on Nov 30, 2022
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Net Profit
$193.98 K (USD)207as on Nov 30, 2022
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EBITDA
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Latest Funding Round
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Investors
KKR
& 1 more
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Employee Count
23
as on Sep 30, 2024
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Investments & Acquisitions
Ad Remover
& 6 more
- Acquired by
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Sales and Marketing
18 people
Software Development Team
14 people
Legal and Compliance
3 people
Human Resources and Administration
3 people
Operations Team
2 people
Product Management Team
2 people
Leadership Team
1 people
Country Team
1 people
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Funding Insights of Corel
| 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 Corel
Corel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include KKR and Vector 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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Investments in technology companies are facilitated through private equity.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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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 Corel
Corel has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Ad Remover, Awingu and ClearSlide. 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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Advertising services are provided by GraphicCorp to clients worldwide.
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2020 | ||||
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Online advertisements are blocked by a Chrome extension.
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2015 | ||||
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Online grahic designing solutions provider
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2014 |
| 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 - Corel
| 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 |
Corel Comparisons
Competitors of Corel
Corel 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 PicsArt, Pixelworks, MAGIX, Clipchamp and Imagen, 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 |
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| domain | founded_year | HQ Location |
Photos and videos are edited using AI-assisted tools and stickers.
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| domain | founded_year | HQ Location |
Fabless semiconductor chips for video and pixel processing are developed.
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| domain | founded_year | HQ Location |
Multimedia software
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| domain | founded_year | HQ Location |
Videos are created, edited, and shared via an online platform.
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| domain | founded_year | HQ Location |
AI-enabled software is used for photo editing by subscribers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Corel
Frequently Asked Questions about Corel
When was Corel founded?
Corel was founded in 1995.
Where is Corel located?
Corel is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
How many employees does Corel have?
As of Sep 30, 2024, the latest employee count at Corel is 23.
What is the annual revenue of Corel?
Annual revenue of Corel is $2.51M as on Nov 30, 2022.
What does Corel do?
Corel Corporation was established in 1995 in Ottawa, Canada, within the software industry. Tools for illustration, design, digital painting, graphics creation, photo editing, digital imaging, and video editing are developed and distributed. Operations focus on productivity applications for creative professionals, with services extending to office software solutions across global markets.
Who are the top competitors of Corel?
Corel's top competitors include MAGIX, Pixelworks and PicsArt.
How many acquisitions has Corel made?
Corel has made 7 acquisitions, including Ad Remover, Awingu, and ClearSlide.
Who are Corel's investors?
Corel has 2 investors. Key investors include KKR, and Vector Capital.
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