About Fastco
Fastco is a company based in Vaudreuil-dorion (Canada) founded in 1989 was acquired by Groupe Touchette in July 2023.. Fastco has raised $7.4 million across 1 funding round from investors including Kairous Capital, OSK Ventures International Berhad and Cento Ventures. Fastco offers products and services including Alloy Wheels, Tire Partners, Steel Wheels, and Hardware Accessories. Fastco operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Vaudreuil-dorion, Canada
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Sectors
Transportation, Automotive & Logistics
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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
$7.4 M (USD)
in 1 rounds
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Latest Funding Round
$7.4 M (USD), Series A
Nov 10, 2022
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Investors
Kairous Capital
& 3 more
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Employee Count
Employee Count
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Acquired by
Groupe Touchette
(Jul 11, 2023)
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Products & Services of Fastco
Fastco offers a comprehensive portfolio of products and services, including Alloy Wheels, Tire Partners, Steel Wheels, and Hardware Accessories. 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.
High-quality wheels designed for vehicle performance and safety.
Partnerships for tire selection and integration.
Durable wheels for rugged vehicle applications.
Components for wheel installation and maintenance.
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Funding Insights of Fastco
Fastco has successfully raised a total of $7.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.4 million completed in November 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 1
- Last Round Series A — $7.4M
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First Round
First Round
(10 Nov 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Fastco | Valuation | OSK Ventures International Berhad |
| 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 Fastco
Fastco has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Kairous Capital, OSK Ventures International Berhad and Cento 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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Provider of a private equity company that focuses on supporting business-to-business
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Founded Year | Domain | Location | |
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Early-stage centric tech & offline focused VC firm investing in Southeast Asia
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Founded Year | Domain | Location | |
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Cross-border venture capital investments are managed by the fund.
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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 Fastco
| 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 - Fastco
| 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 |
Fastco Comparisons
Competitors of Fastco
Fastco 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 ZF, Cummins, Cooper Standard, Schaeffler and Valeo, 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 |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Automotive cooling systems, pistons, and aftermarket components are manufactured.
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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 Fastco
Frequently Asked Questions about Fastco
When was Fastco founded?
Fastco was founded in 1989 and raised its 1st funding round 33 years after it was founded.
Where is Fastco located?
Fastco is headquartered in Vaudreuil-dorion, Canada. It is registered at Vaudreuil-dorion, Quebec, Canada.
Is Fastco a funded company?
Fastco is a funded company, having raised a total of $7.4M across 1 funding round to date. The company's 1st funding round was a Series A of $7.4M, raised on Nov 10, 2022.
What does Fastco do?
Fastco manufacturer of automotive wheels, tires, nuts other accessories through auto, auto components, and multi category. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Fastco?
Fastco's top competitors include Cummins, Valeo and Cooper Standard.
What products or services does Fastco offer?
Fastco offers Alloy Wheels, Tire Partners, Steel Wheels, and Hardware Accessories.
Who are Fastco's investors?
Fastco has 4 investors. Key investors include Kairous Capital, OSK Ventures International Berhad, Cento Ventures, and Groupe Touchette.