About Econotherm
Econotherm is a company based in Bridgend (United Kingdom) founded in 2007 was acquired by Solex in July 2023.. Econotherm has raised $3.94 million across 12 funding rounds from investors including European Union, Welsh Government and Spiraxgroup. The company has 19 employees as of December 31, 2022.
- Headquarter Bridgend, United Kingdom
- Employees 19 as on 31 Dec, 2022
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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
$3.94 M (USD)
in 12 rounds
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Latest Funding Round
$657.02 K (USD), Grant
Dec 01, 2020
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Investors
European Union
& 3 more
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Employee Count
19
as on Dec 31, 2022
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Acquired by
Solex
(Jul 17, 2023)
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Funding Insights of Econotherm
Econotherm has successfully raised a total of $3.94M across 12 strategic funding rounds. The most recent funding activity was a Grant round of $657.02 thousand completed in December 2020. 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 12
- Last Round Grant — $657,023
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First Round
First Round
(28 Nov 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Grant - Econotherm | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Econotherm | Valuation |
investors |
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| Oct, 2017 | Amount | Grant - Econotherm | 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 Econotherm
Econotherm has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include European Union, Welsh Government and Spiraxgroup. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Provider of thermal energy and fluid technology solutions
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Founded Year | Domain | Location | |
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Government services for Wales are delivered through public administration.
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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 Econotherm
| 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 - Econotherm
| 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 |
Econotherm Comparisons
Competitors of Econotherm
| 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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Frequently Asked Questions about Econotherm
When was Econotherm founded?
Econotherm was founded in 2007.
Where is Econotherm located?
Econotherm is headquartered in Bridgend, United Kingdom. It is registered at Bridgend, Wales, United Kingdom.
Is Econotherm a funded company?
Econotherm is a funded company, having raised a total of $3.94M across 12 funding rounds to date. The company's 1st funding round was a Grant of $439.05K, raised on Nov 28, 2007.
How many employees does Econotherm have?
As of Dec 31, 2022, the latest employee count at Econotherm is 19.
What does Econotherm do?
Econotherm was founded in 2007 and is headquartered in Bridgend, United Kingdom. Heat pipes and steam generators are produced by the company within the manufacturing sector, focusing on heat transfer solutions for industrial uses. Operations are centered in the UK, with products distributed to support energy-efficient systems. The role of Managing Director is filled by Mark Boocock, overseeing daily activities and strategic direction.
Who are Econotherm's investors?
Econotherm has 4 investors. Key investors include European Union, Welsh Government, Spiraxgroup, and Solex.