About Danfoss
Danfoss is a company based in Nordborg (Denmark) founded in 1933 was acquired by Siemens in October 2024.. Danfoss has raised $41.22 million across 15 funding rounds from investors including Siemens, Gov.uk and European Union. Danfoss has completed 18 acquisitions, including AAIM Controls, Advitronic Engingeering and Artemis Intelligent Power. Danfoss operates in a competitive market with competitors including Honeywell, CG Power & Industrial Solutions, Schneider Electric, Landis+Gyr and Tibber, among others.
- Headquarter Nordborg, Denmark
- Stage Unicorn
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Sectors
Industrial Goods & ManufacturingReal Estate & Construction Energy & Utilities Business Services
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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
$41.22 M (USD)
in 15 rounds
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Latest Funding Round
$873.16 K (USD), Grant
Feb 01, 2023
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Investors
Siemens
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
AAIM Controls
& 17 more
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Acquired by
Siemens
(Oct 08, 2024)
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Software Development Team
146 people
Human Resources and Administration
66 people
Leadership Team
55 people
Senior Team
36 people
Sales and Marketing
32 people
Finance and Accounting
27 people
Product Management Team
24 people
Creative and Marketing Team
16 people
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Funding Insights of Danfoss
Danfoss has successfully raised a total of $41.22M across 15 strategic funding rounds. The most recent funding activity was a Grant round of $873.16 thousand completed in February 2023. 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 15
- Last Round Grant — $873,157
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First Round
First Round
(01 Jun 1996)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Grant - Danfoss | Valuation |
investors |
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| Oct, 2022 | Amount | Grant - Danfoss | Valuation |
investors |
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| Jan, 2022 | Amount | Grant - Danfoss | 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 Danfoss
Danfoss has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Siemens, Gov.uk and 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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Sustainable industrial innovation is supported through venture capital investments.
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Private equity investment 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 Danfoss
Danfoss has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include AAIM Controls, Advitronic Engingeering and Artemis Intelligent Power. 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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Electronic systems are designed and manufactured for various applications.
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2016 | ||||
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Steel fittings, hoses, assemblies, and related products are manufactured.
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2015 | ||||
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Internet-based control and monitoring systems for cooling installations are offered.
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2009 |
| 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 - Danfoss
| 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 |
Danfoss Comparisons
Competitors of Danfoss
Danfoss 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 Honeywell, CG Power & Industrial Solutions, Schneider Electric, Landis+Gyr and Tibber, 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 |
Diversified electronics and automation equipment are manufactured and supplied.
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| domain | founded_year | HQ Location |
Manufacturer of Industrial and Consumer Electric Equipment
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| domain | founded_year | HQ Location |
Energy management and automation solutions are provided globally.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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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 Danfoss
Frequently Asked Questions about Danfoss
When was Danfoss founded?
Danfoss was founded in 1933 and raised its 1st funding round 63 years after it was founded.
Where is Danfoss located?
Danfoss is headquartered in Nordborg, Denmark.
Is Danfoss a funded company?
Danfoss is a funded company, having raised a total of $41.22M across 15 funding rounds to date. The company's 1st funding round was a Grant of $314.94K, raised on Jun 01, 1996.
What does Danfoss do?
Danfoss, founded in 1933 in Nordborg, Denmark, focuses on energy tech, energy efficiency tech, energy management system, and building automation systems. Manufacturer of energy efficiency products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Danfoss?
Danfoss's top competitors include Honeywell, CG Power & Industrial Solutions and Schneider Electric.
How many acquisitions has Danfoss made?
Danfoss has made 18 acquisitions, including AAIM Controls, Advitronic Engingeering, and Artemis Intelligent Power.
Who are Danfoss's investors?
Danfoss has 10 investors. Key investors include Siemens, Gov.uk, European Union, LähiTapiola, and IFU.
What is Danfoss's valuation?
The valuation of Danfoss is $3.27B as of Dec 2004.
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