About Elkem
Elkem is a company based in Oslo (Norway) founded in 1904 was acquired by China-Bluestar in January 2011.. The company has 150 employees as of April 06, 2024. Elkem has completed 5 acquisitions, including Baselchemie, Keyvest Belgium and Polysil Technology. Elkem offers products and services including Silicones and PFAS Alternatives.
- Headquarter Oslo, Norway
- Employees 150 as on 06 Apr, 2024
- Stage Public
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Sectors
Chemicals & Materials
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elkem South Asia Private Limited
- Date of Incorporation 08 Jun, 1987
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$95.57 M (USD)25.87as on Mar 31, 2023
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Net Profit
$4.19 M (USD)-53.52as on Mar 31, 2023
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EBITDA
$6.54 M (USD)-49.73as on Mar 31, 2023
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Latest Funding Round
$181.32 K (USD), Grant
Apr 17, 2023
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Investors
Enova
& 4 more
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Employee Count
150
as on Apr 06, 2024
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Investments & Acquisitions
Baselchemie
& 4 more
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Acquired by
China-Bluestar
(Jan 11, 2011)
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Products & Services of Elkem
Elkem offers a comprehensive portfolio of products and services, including Silicones and PFAS Alternatives. 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.
Silicones are utilized in medical devices and other sectors to provide resistance and functionality, serving as alternatives to traditional coatings.
Alternatives to PFAS are offered for healthcare applications, ensuring that devices maintain performance while adhering to regulatory standards.
Funding Insights of Elkem
- Total Funding Total Funding
- Total Rounds 16
- Last Round Grant — $181,315
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First Round
First Round
(01 Jan 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Grant - Elkem | Valuation |
investors |
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| Apr, 2023 | Amount | Grant - Elkem | Valuation |
investors |
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| May, 2022 | Amount | Grant - Elkem | 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 Elkem
Elkem has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Enova, European Union and Norwegian Research Council. 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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Founded Year | Domain | Location | |
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Research policy advice is provided to the Norwegian government.
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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 Elkem
Elkem has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Baselchemie, Keyvest Belgium and Polysil Technology. 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.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Anode materials and synthetic graphite products are manufactured and supplied.
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2021 | ||||
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Silicon metal powder and silicon carbide are produced and distributed.
|
2007 | ||||
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Manufacturing services are provided to industrial clients by VUM.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elkem
| 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 |
Elkem Comparisons
Competitors of Elkem
| 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 Elkem
Frequently Asked Questions about Elkem
When was Elkem founded?
Elkem was founded in 1904 and raised its 1st funding round 111 years after it was founded.
Where is Elkem located?
Elkem is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Elkem have?
As of Apr 06, 2024, the latest employee count at Elkem is 150.
What is the annual revenue of Elkem?
Annual revenue of Elkem is $95.57M as on Mar 31, 2023.
What does Elkem do?
Elkem, established in 1904, excels in chemicals and materials, and diversified materials. Manufacturer of silicon metals and materials. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
What products or services does Elkem offer?
Elkem offers Silicones and PFAS Alternatives.
How many acquisitions has Elkem made?
Elkem has made 5 acquisitions, including Baselchemie, Keyvest Belgium, and Polysil Technology.
Who are Elkem's investors?
Elkem has 5 investors. Key investors include Enova, European Union, Norwegian Research Council, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and China-Bluestar.