About Diagon
Diagon is a company based in Anguilla founded in 2023 by Will Drewery, Greg Smyth, Clara Bradley, and Shridharan Muthu.. Diagon has raised $5.12 million across 2 funding rounds from investors including Techstars, Anthemis Group and The Westly Group. Diagon offers products and services including Foil Rolling Equipment, Mixing Equipment, Coating Equipment, Calendering Equipment, and Slitting Equipment. Diagon operates in a competitive market with competitors including United Rentals, EquipmentShare, LOXAM, Rent Alpha and Tenderd, among others.
- Headquarter Anguilla
- Founders Will Drewery, Greg Smyth, Clara Bradley, Shridharan Muthu
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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Phone
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Website
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Social
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- Legal Name Diagon Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.12 M (USD)
in 2 rounds
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Latest Funding Round
$5.1 M (USD), Seed
Apr 17, 2024
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Investors
Techstars
& 7 more
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Employee Count
Employee Count
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Products & Services of Diagon
Diagon offers a comprehensive portfolio of products and services, including Foil Rolling Equipment, Mixing Equipment, Coating Equipment, Calendering Equipment, and Slitting Equipment. 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.
Tools for rolling foils in battery production processes.
Devices for mixing materials used in battery manufacturing.
Machines for applying coatings in battery cell assembly.
Equipment for calendering processes in battery production.
Tools for slitting materials in battery manufacturing workflows.
Funding Insights of Diagon
Diagon has successfully raised a total of $5.12M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.1 million completed in April 2024. 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 Seed — $5.1M
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First Round
First Round
(11 Sep 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Diagon | Valuation | The Westly Group | |
| Sep, 2023 | Amount | Seed - Diagon | Valuation | Techstars |
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| 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 Diagon
Diagon has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Techstars, Anthemis Group and The Westly Group. 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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US focused VC firm
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Founded Year | Domain | Location | |
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Venture capital investments are directed by Valia across multiple sectors.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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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 Diagon
| 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 - Diagon
| 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 |
Diagon Comparisons
Competitors of Diagon
Diagon 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 United Rentals, EquipmentShare, LOXAM, Rent Alpha and Tenderd, 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 |
Heavy equipment is rented via an online platform.
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| domain | founded_year | HQ Location |
Equipment rental marketplace and digital tools for construction are offered.
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| domain | founded_year | HQ Location |
Online platform for equipment rental and project support
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| domain | founded_year | HQ Location |
Online B2B rentals of heavy machinery and equipment are facilitated.
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| domain | founded_year | HQ Location |
Industrial and construction equipment rentals are facilitated online.
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| domain | founded_year | HQ Location |
Online rental platform offering heavy machinery for enterprise
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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 Diagon
Frequently Asked Questions about Diagon
When was Diagon founded?
Diagon was founded in 2023.
Where is Diagon located?
Diagon is headquartered in Anguilla.
Who is the current CEO of Diagon?
Will Drewery is the current CEO of Diagon. They have also founded this company.
Is Diagon a funded company?
Diagon is a funded company, having raised a total of $5.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Sep 11, 2023.
What does Diagon do?
AI interfaced manufacturing equipment marketplace. It offers equipment for manufacturing needs, supplier onboarding processes, and conversational AI solutions for customer experience management, and business process management. It enables users to automate equipment automation and connects users with buyers.
Who are the top competitors of Diagon?
Diagon's top competitors include EquipmentShare, United Rentals and Rent Alpha.
What products or services does Diagon offer?
Diagon offers Foil Rolling Equipment, Mixing Equipment, Coating Equipment, Calendering Equipment, and Slitting Equipment.
Who are Diagon's investors?
Diagon has 8 investors. Key investors include Techstars, Anthemis Group, The Westly Group, Valia Ventures, and Foster Ventures.
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