About Essential
Essential is a company based in Palo Alto (United States) founded in 2015 by Matt Hershenson was acquired by Nothing in February 2021. Essential has raised $330 million across 2 funding rounds from investors including Tencent, Nothing and Foxconn Electronics. The company has 120 employees as of December 31, 2022. Essential has completed 1 acquisition, including CloudMagic. Essential operates in a competitive market with competitors including Motorola Mobility, Apple, Meizu, Sonim Technologies and Lume Cube, among others.
- Headquarter Palo Alto, United States
- Employees 120 as on 31 Dec, 2022
- Founders Matt Hershenson
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Essential Products, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$330 M (USD)
in 2 rounds
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Latest Funding Round
$300 M (USD), Series B
Oct 12, 2017
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Investors
Tencent
& 7 more
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Employee Count
120
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Nothing
(Feb 15, 2021)
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Funding Insights of Essential
Essential has successfully raised a total of $330M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $300 million completed in October 2017. 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.
Investors in Essential
Essential has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Nothing and Foxconn Electronics.
| Investor | Description | Founded Year | Domain | Location |
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Startups are accelerated and funded through Amazon's corporate venture capital.
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Tech-focused VC firm funding companies in the US
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Redpoint Ventures is engaged in venture capital investments.
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Locked | Locked | Locked |
Investor details for Essential
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Essential
Essential has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CloudMagic.
Investment portfolio details for Essential
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- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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A web-based platform is offered for managing multiple email accounts.
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Complete acquisition details for Essential
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Essential
Detailed financials for Essential
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- Profit trends
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Essential Comparisons
Peer comparison for Essential
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Competitors of Essential
Essential 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 Motorola Mobility, Apple, Meizu, Sonim Technologies and Lume Cube, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Mobile devices, cases, tablets, and screen protectors are offered online.
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Consumer electronics, computers, and software are designed and sold worldwide.
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Multi-category consumer electronics are provided by an internet-first brand.
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Internet first brand of mobile and its accessories
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Multi-category consumer electronics are provided by an internet-first brand.
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Detailed competitors of Essential
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Verified entity values are shown only after access is granted.
Latest news on Essential
Complete news archive for Essential
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Frequently Asked Questions about Essential
Essential was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Essential is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Essential is a funded company, having raised a total of $330M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Essential is 120.
Essential was established in 2015 in Palo Alto, United States, with Matt Hershenson serving as co-founder. Operations are centered on the consumer electronics sector, where smartphones and related accessories are produced. The company maintains its headquarters in the United States and operates through the domain essential.com. Focus is placed on hardware development, though specific services beyond manufacturing are not detailed in available profiles.
Essential's top competitors include Apple, Motorola Mobility and Meizu.
Essential has made 1 acquisition, including CloudMagic.
Essential has 8 investors. Key investors include Tencent, Nothing, Foxconn Electronics, The Alexa Fund, and Access Technology Ventures.