About EIT
EIT is a company based in Budapest (Hungary) founded in 2008.. EIT offers products and services including Entrepreneurial Education and Business Creation.
- Headquarter Budapest, Hungary
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Sectors
Government & Social SectorProfessional & Legal Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name European Institute Of Innovation & Technology
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Annual Revenue
$8.52 K (USD)14as on Apr 30, 2020
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Net Profit
$-1.44 K (USD)-319as on Apr 30, 2021
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EBITDA
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Latest Funding Round
$600.42 M (USD), Grant
Jan 31, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of EIT
EIT offers a comprehensive portfolio of products and services, including Entrepreneurial Education and Business Creation. 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.
Entrepreneurial education is offered to enhance skills in innovation and technology.
Business creation is supported through funding and resources for new ventures.
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Funding Insights of EIT
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $600.4M
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First Round
First Round
(01 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Grant - EIT | Valuation |
investors |
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| Nov, 2019 | Amount | Grant - EIT | 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 EIT
EIT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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 |
| 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 EIT
| 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 - EIT
| 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 |
Eit Comparisons
Competitors of EIT
| 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 EIT
When was EIT founded?
EIT was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is EIT located?
EIT is headquartered in Budapest, Hungary.
What is the annual revenue of EIT?
Annual revenue of EIT is $8.52K as on Apr 30, 2020.
What does EIT do?
EIT was established in 2008 and is based in Budapest, Hungary. Operations center on facilitating access to government programs and supporting their development within the public sector services domain. Services are extended across European contexts, as reflected by the eit.europa.eu domain. The organization focuses on practical assistance for program implementation and enhancement, serving stakeholders in policy and innovation areas without direct commercial emphasis.
What products or services does EIT offer?
EIT offers Entrepreneurial Education and Business Creation.
Who are EIT's investors?
EIT has 1 investor. Key investors include European Union.
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