About Etratech
Etratech is a company based in Burlington (Canada) founded in 1989 was acquired by Gentherm in November 2017.. Etratech has raised $500 thousand across 1 funding round from investors including Gentherm and FedDev Ontario. Etratech offers products and services including ClimateSense® and Blanketrol® III.
- Headquarter Burlington, Canada
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Gentherm Inc
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Products & Services of Etratech
Etratech offers a comprehensive portfolio of products and services, including ClimateSense® and Blanketrol® III. 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.
Thermal management technologies are utilized for enhancing vehicle occupant comfort
Patient temperature control systems are employed in medical settings for effective care
Funding Insights of Etratech
Etratech has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $500 thousand completed in August 2016. 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 1
- Last Round Unspecified — $500,000
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First Round
First Round
(05 Aug 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Unspecified - Etratech | 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 |
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Investors in Etratech
Etratech has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Gentherm and FedDev Ontario. 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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It serves as a government backed investment fund focused on the economic growth of southern ontorio.
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Major automotive components are manufactured and supplied to the aftermarket.
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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 Etratech
| 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 - Etratech
| 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 |
Etratech Comparisons
Competitors of Etratech
| 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 Etratech
When was Etratech founded?
Etratech was founded in 1989 and raised its 1st funding round 27 years after it was founded.
Where is Etratech located?
Etratech is headquartered in Burlington, Canada. It is registered at Burlington, Ontario, Canada.
Who is the current CEO of Etratech?
Michael Desnoyers is the current CEO of Etratech.
Is Etratech a funded company?
Etratech is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Unspecified of $500K, raised on Aug 05, 2016.
What does Etratech do?
Etratech was established in 1989 in Burlington, Canada, where relay and electronic products are designed and manufactured. Operations focus on the electronics sector, with production centered in the local facility. Services include product design for industrial applications and relay assembly. The company is led by CEO Michael Desnoyers, overseeing activities in the North American market. Domain etratech.com is used for online presence and inquiries.
What products or services does Etratech offer?
Etratech offers ClimateSense® and Blanketrol® III.
Who are Etratech's investors?
Etratech has 2 investors. Key investors include Gentherm, and FedDev Ontario.