About Dymag
Dymag is a company based in Chippenham (United Kingdom) founded in 2012 by Christopher Shelley and Phil FitzGerald was acquired by BORBET in August 2024.. Dymag has raised $13.69 million across 6 funding rounds from investors including Hankuk Carbon, Puma Growth Partners and BORBET. Dymag offers products and services including High-Performance Wheels, Carbon Wheels, and Alloy Wheels. Dymag operates in a competitive market with competitors including Accuride Corporation, Vaculug, Rimstock, Superior Industries and Maxion Wheels, among others.
- Headquarter Chippenham, United Kingdom
- Founders Christopher Shelley, Phil FitzGerald
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Dymag Group Limited
- Date of Incorporation 19 Dec, 2012
- Jurisdiction CHIPPENHAM, WILTSHIRE, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.69 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Hankuk Carbon
& 2 more
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Employee Count
Employee Count
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Acquired by
BORBET
(Aug 23, 2024)
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Products & Services of Dymag
Dymag offers a comprehensive portfolio of products and services, including High-Performance Wheels, Carbon Wheels, and Alloy Wheels. 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.
Wheels designed for enhanced vehicle performance using lightweight materials
Lightweight carbon wheels for motorcycles to improve speed and handling
Alloy wheels for automobiles focusing on durability and weight reduction
Funding Insights of Dymag
Dymag has successfully raised a total of $13.69M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(20 May 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Dymag | Valuation |
investors |
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| Dec, 2020 | Amount | Series A - Dymag | Valuation |
investors |
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| Jan, 2020 | Amount | Series A - Dymag | Valuation |
investors |
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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 Dymag
Dymag has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Hankuk Carbon, Puma Growth Partners and BORBET. 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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Private equity investments are made to support growing businesses.
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Founded Year | Domain | Location | |
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Insulating materials for LNG carriers and composites are manufactured.
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Founded Year | Domain | Location | |
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Designs, produces, and sells aluminum wheels for vehicles and automotive applications globally.
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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 Dymag
| 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 - Dymag
| 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 |
Dymag Comparisons
Competitors of Dymag
Dymag 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 Accuride Corporation, Vaculug, Rimstock, Superior Industries and Maxion Wheels, 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 |
Wheels and wheel-end components are manufactured for OEMs.
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| domain | founded_year | HQ Location |
Automotive tyres are manufactured by Vaculug in the United Kingdom.
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| domain | founded_year | HQ Location |
Alloy wheels are manufactured and supplied to OEMs and aftermarket.
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| domain | founded_year | HQ Location |
Aluminum wheels are manufactured and supplied to OEMs and aftermarket.
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| domain | founded_year | HQ Location |
Manufacturer & supplier of automotive wheels to OEMs
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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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Latest news on Dymag
Frequently Asked Questions about Dymag
When was Dymag founded?
Dymag was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Dymag located?
Dymag is headquartered in Chippenham, United Kingdom.
Who is the current CEO of Dymag?
Thomas De Lange is the current CEO of Dymag.
Is Dymag a funded company?
Dymag is a funded company, having raised a total of $13.69M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.7M, raised on May 20, 2015.
What does Dymag do?
Dymag was established in 2012 in Chippenham, United Kingdom, as a specialist in the automotive manufacturing sector. Carbon fibre wheels are designed and produced by the company, with operations centered on creating lightweight components for vehicles. The firm is led by CEO Thomas De Lange, alongside co-founders Christopher Shelley and Phil FitzGerald. Focus remains on engineering solutions for performance applications within the industry.
Who are the top competitors of Dymag?
Dymag's top competitors include Steel Strips Wheels, Accuride Corporation and Superior Industries.
What products or services does Dymag offer?
Dymag offers High-Performance Wheels, Carbon Wheels, and Alloy Wheels.
Who are Dymag's investors?
Dymag has 3 investors. Key investors include Hankuk Carbon, Puma Growth Partners, and BORBET.
What is Dymag's valuation?
The valuation of Dymag is $16.98M as of Dec 2020.
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