About Element
Element is a company based in London (United Kingdom) founded in 2016 by Matthew Hodgson. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Element has raised $48.1 million across 4 funding rounds from investors including Automattic, Protocol Labs and Dawn Capital. Element has completed 1 acquisition, including Gitter. Element offers products and services including Element App and Element Server Suite. Element operates in a competitive market with competitors including Slack, Mask Network, Critical Path, Blink and JANDI, among others.
- Headquarter London, United Kingdom
- Founders Matthew Hodgson
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Sectors
TechnologyTelecommunications
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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 New Vector Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.1 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Series B
Jul 19, 2021
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Investors
Automattic
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Element
Element offers a comprehensive portfolio of products and services, including Element App and Element Server Suite. 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.
Secure messaging app for personal and professional use.
Enterprise-grade server solution for secure communication networks.
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Funding Insights of Element
Element has successfully raised a total of $48.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in July 2021. 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 4
- Last Round Series B — $30.0M
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First Round
First Round
(29 Jan 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series B - Element | Valuation | Protocol Labs | |
| Apr, 2020 | Amount | Series A - Element | Valuation | Automattic |
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| Sep, 2019 | Amount | Series A - Element | Valuation | Notion |
| 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 Element
Element has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Automattic, Protocol Labs and Dawn Capital. 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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Metaplanet is recognized as an evergreen investment firm focused on deep tech.
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Founded Year | Domain | Location | |
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Venture capital investment in European business software companies, focusing on early-stage opportunities in London.
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Founded Year | Domain | Location | |
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Dawn Capital is focused on investing in European software startups.
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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 Element
Element has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Gitter. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Developer collaboration is enabled through chat rooms and GitHub integrations.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Element
| 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 |
Element Comparisons
Competitors of Element
Element 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 Slack, Mask Network, Critical Path, Blink and JANDI, 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 |
Cloud-based team communication and collaboration platform is provided.
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| domain | founded_year | HQ Location |
Provider of encrypted messaging applications
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| domain | founded_year | HQ Location |
Spam-blocking, virus protection, and secure messaging services are provided.
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| domain | founded_year | HQ Location |
Front-line workers are empowered and protected through a cloud-based platform.
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| domain | founded_year | HQ Location |
Enterprise team collaboration is facilitated via cloud-based messaging platform.
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| domain | founded_year | HQ Location |
Cloud based task management platform for file sharing
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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 Element
Frequently Asked Questions about Element
When was Element founded?
Element was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Element located?
Element is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Element?
Matthew Hodgson is the current CEO of Element. They have also founded this company.
Is Element a funded company?
Element is a funded company, having raised a total of $48.1M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Jan 29, 2018.
What does Element do?
Element is recognized for offering secure, sovereign, and interoperable communication solutions built on the Matrix open standard. Services are provided to government, public institutions, and enterprises with a focus on data sovereignty and independence from proprietary platforms. End-to-end encrypted messaging and collaboration tools are developed to protect against digital threats and ensure compliance with public sector requirements. Solutions are tailored for air-gapped environments and cross-organizational connectivity, supporting both personal and professional use cases across multiple sectors.
Who are the top competitors of Element?
Element's top competitors include Slack, Mask Network and Blink.
What products or services does Element offer?
Element offers Element App and Element Server Suite.
How many acquisitions has Element made?
Element has made 1 acquisition, including Gitter.
Who are Element's investors?
Element has 7 investors. Key investors include Automattic, Protocol Labs, Dawn Capital, Status, and Metaplanet.
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