About Destinator Technologies
Destinator Technologies is a company based in Richmond Hill (Canada) founded in 2003.. Destinator Technologies has raised $16.5 million across 2 funding rounds from investors including VentureLink Funds, Pac-Link and AIG Investments. Destinator Technologies operates in a competitive market with competitors including TomTom, Absolute Software, Tile, NNG and NavInfo, among others.
- Headquarter Richmond Hill, Canada
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Sectors
Industrial Goods & ManufacturingTechnology
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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
$16.5 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Series C
Sep 05, 2007
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Investors
VentureLink Funds
& 2 more
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Employee Count
Employee Count
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Funding Insights of Destinator Technologies
Destinator Technologies has successfully raised a total of $16.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $7.5 million completed in September 2007. 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 Series C — $7.5M
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First Round
First Round
(29 Aug 2005)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2007 | Amount | Series C - Destinator Technologies | Valuation |
investors |
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| Aug, 2005 | Amount | Series B - Destinator Technologies | 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 Destinator Technologies
Destinator Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include VentureLink Funds, Pac-Link and AIG Investments. 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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Tech & Energy focused investment management firm investing primarily in Canada
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investment management and financial services are provided by the 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 Destinator Technologies
| 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 - Destinator Technologies
| 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 |
Destinator Technologies Comparisons
Competitors of Destinator Technologies
Destinator Technologies 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 TomTom, Absolute Software, Tile, NNG and NavInfo, 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 |
SaaS-based navigation and location mapping solutions are developed.
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| domain | founded_year | HQ Location |
Endpoint security and data risk management solutions are provided.
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| domain | founded_year | HQ Location |
Internet first brand offering smart tracking devices
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| domain | founded_year | HQ Location |
White-label connected car navigation and infotainment solutions are provided.
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| domain | founded_year | HQ Location |
Digital maps, telematics, and dynamic traffic information solutions are provided.
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| domain | founded_year | HQ Location |
Bluetooth-based rechargeable trackers for objects like keys are manufactured.
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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 Destinator Technologies
Frequently Asked Questions about Destinator Technologies
When was Destinator Technologies founded?
Destinator Technologies was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is Destinator Technologies located?
Destinator Technologies is headquartered in Richmond Hill, Canada. It is registered at Richmond Hill, Ontario, Canada.
Is Destinator Technologies a funded company?
Destinator Technologies is a funded company, having raised a total of $16.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $9M, raised on Aug 29, 2005.
What does Destinator Technologies do?
Destinator Technologies was founded in 2003 and is based in Richmond Hill, Canada. Wireless software for GPS devices and navigation applications for wireless handsets are developed by the company within the software sector. Navigation tools are supplied for personal devices and smartphones. Software development kits are provided to support custom navigation solutions for individuals and organizations.
Who are the top competitors of Destinator Technologies?
Destinator Technologies's top competitors include Tile, TomTom and Absolute Software.
Who are Destinator Technologies's investors?
Destinator Technologies has 3 investors. Key investors include VentureLink Funds, Pac-Link, and AIG Investments.
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