About Direct-C
Direct-C is a company based in Edmonton (Canada) founded in 2014 by Kaushik Parmar.. Direct-C has raised $4.75 million across 2 funding rounds from investors including Henkel and GreenSky Ventures. The company has 11 employees as of December 31, 2024. Direct-C offers products and services including Monitoring Systems and Multifunctional Sensors. Direct-C operates in a competitive market with competitors including QLM, CorrosionRADAR, Silixa, Novosound and DarkPulse Technologies, among others.
- Headquarter Edmonton, Canada
- Employees 11 as on 31 Dec, 2024
- Founders Kaushik Parmar
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Sectors
TechnologyIndustrial Goods & Manufacturing Energy & Utilities
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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
$4.75 M (USD)
in 2 rounds
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Latest Funding Round
$3.03 M (USD), Series A
Aug 09, 2022
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Investors
Henkel
& 1 more
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Employee Count
11
as on Dec 31, 2024
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Products & Services of Direct-C
Direct-C offers a comprehensive portfolio of products and services, including Monitoring Systems and Multifunctional Sensors. 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.
Systems for rapid leak detection in high-risk areas.
Sensors detecting liquid hydrocarbons and produced water leaks.
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Funding Insights of Direct-C
Direct-C has successfully raised a total of $4.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.03 million completed in August 2022. 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 A — $3.0M
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First Round
First Round
(09 Jan 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Direct-C | Valuation | Henkel | |
| Jan, 2020 | Amount | Seed - Direct-C | 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 Direct-C
Direct-C has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Henkel and GreenSky 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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Early stage Canadian B2B startups are funded by GreenSky Ventures.
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Founded Year | Domain | Location | |
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Henkel is recognized as a global leader in adhesives and consumer brands.
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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 Direct-C
| 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 - Direct-C
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Direct-C Comparisons
Competitors of Direct-C
Direct-C 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 QLM, CorrosionRADAR, Silixa, Novosound and DarkPulse Technologies, 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 |
Quantum sensing technology is provided for natural gas leak detection.
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| domain | founded_year | HQ Location |
Provider of corrosion management solution for the oil and gas industry
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| domain | founded_year | HQ Location |
Provider of fibre optic monitoring solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Ultrasound sensors for pipeline monitoring and fault detection are provided.
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| domain | founded_year | HQ Location |
Fiber optic sensors are supplied for industrial monitoring applications.
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| domain | founded_year | HQ Location |
Provider of leak detection and pipeline inspection services
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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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| 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 Direct-C
When was Direct-C founded?
Direct-C was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Direct-C located?
Direct-C is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
Who is the current CEO of Direct-C?
Adrian Banica is the current CEO of Direct-C.
Is Direct-C a funded company?
Direct-C is a funded company, having raised a total of $4.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.73M, raised on Jan 09, 2020.
How many employees does Direct-C have?
As of Dec 31, 2024, the latest employee count at Direct-C is 11.
What does Direct-C do?
Direct-C was founded in 2014 in Edmonton, Canada, as a provider of nano-based solutions for leak detection and monitoring in the oil and gas sector. Operations focus on remote site oversight through smart sensors, which allow monitoring from afar. Additionally, a mobile application is integrated with leak detection sensors to track storage tanks, supporting industry needs in pipeline and facility management across relevant geographies.
Who are the top competitors of Direct-C?
Direct-C's top competitors include QLM, Novosound and CorrosionRADAR.
What products or services does Direct-C offer?
Direct-C offers Monitoring Systems and Multifunctional Sensors.
Who are Direct-C's investors?
Direct-C has 2 investors. Key investors include Henkel, and GreenSky Ventures.
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