About ElFys
ElFys is a company based in Espoo (Finland) founded in 2017.. ElFys has raised $3.78 million across 2 funding rounds from investors including Samsung Venture Investment, Photonics Finland and Voima Ventures. ElFys operates in a competitive market with competitors including Sick, DarkPulse Technologies, Pixel Photonics, DeeDiim and FEBUS Optics, among others.
- Headquarter Espoo, Finland
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Sectors
Technology
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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
$3.78 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Series A
Sep 15, 2022
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Investors
Samsung Venture Investment
& 2 more
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Employee Count
Employee Count
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Funding Insights of ElFys
ElFys has successfully raised a total of $3.78M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in September 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
(04 Nov 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - ElFys | Valuation | Samsung Venture Investment | |
| Nov, 2019 | Amount | Seed - ElFys | Valuation | Voima Ventures |
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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 ElFys
ElFys has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Samsung Venture Investment, Photonics Finland and Voima 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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Venture capital investments are made in promising startups.
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Founded Year | Domain | Location | |
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Funding is provided for deep tech ventures in Nordics.
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Founded Year | Domain | Location | |
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Photonics industry market research and business development services are provided.
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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 ElFys
| 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 - ElFys
| 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 |
Elfys Comparisons
Competitors of ElFys
ElFys 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 Sick, DarkPulse Technologies, Pixel Photonics, DeeDiim and FEBUS Optics, 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.
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| domain | founded_year | HQ Location |
Sensors are manufactured for industrial monitoring and automation applications.
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Fiber optic sensors are supplied for industrial monitoring applications.
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Waveguide-integrated single-photon detectors are designed and provided for quantum uses.
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Machine vision based sensor for surface inspection
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Technology solutions for oil and gas industry
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| 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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Latest news on Elfys
Frequently Asked Questions about ElFys
When was ElFys founded?
ElFys was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is ElFys located?
ElFys is headquartered in Espoo, Finland.
Who is the current CEO of ElFys?
Mikko Juntunen is the current CEO of ElFys.
Is ElFys a funded company?
ElFys is a funded company, having raised a total of $3.78M across 2 funding rounds to date. The company's 1st funding round was a Seed of $781.47K, raised on Nov 04, 2019.
What does ElFys do?
ElFys was founded in 2017 and is located in Espoo, Finland, where ultraviolet sensitive photodiodes are produced for the photonics sector. Patented induced junction and black silicon technologies are applied in developing single-element detectors and arrays in various configurations. These components are utilized in x-ray imaging, spectroscopy, and light sensing applications, supporting research and industrial needs.
Who are the top competitors of ElFys?
ElFys's top competitors include Sick, Pixel Photonics and DeeDiim.
Who are ElFys's investors?
ElFys has 3 investors. Key investors include Samsung Venture Investment, Photonics Finland, and Voima Ventures.