About Fenix 24
Fenix 24 is a company based in Chattanooga (United States) founded in 2022.. Fenix 24 has raised $5 million across 1 funding round from investors including Eos Venture Partners. Fenix 24 has completed 2 acquisitions, including appNovi and vArmour. Fenix 24 offers products and services including Assured Recovery and Rapid Recovery. Fenix 24 operates in a competitive market with competitors including CyberFortress, Truthset, iMyFone Technology, Aishu and Piql, among others.
- Headquarter Chattanooga, United States
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Conversant Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Mar 08, 2023
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
appNovi
& 1 more
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Products & Services of Fenix 24
Fenix 24 offers a comprehensive portfolio of products and services, including Assured Recovery and Rapid Recovery. 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.
Pre-breach program for recoverability and protection services
Fast restoration of operations after ransomware attacks
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Funding Insights of Fenix 24
Fenix 24 has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in March 2023. 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 — $5.0M
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First Round
First Round
(08 Mar 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Fenix 24 | Valuation | Eos Venture Partners |
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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 Fenix 24
Fenix 24 has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eos Venture Partners. 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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Eos Venture Partners is focused on insurance technology investments.
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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 Fenix 24
Fenix 24 has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include appNovi and vArmour. 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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering incident response and vulnerability assessment solutions
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2020 | ||||
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Cloud infrastructure security solutions for distributed systems are provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fenix 24
| 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 |
Fenix 24 Comparisons
Competitors of Fenix 24
Fenix 24 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 CyberFortress, Truthset, iMyFone Technology, Aishu and Piql, 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 |
CyberFortress is engaged in providing data backup and recovery solutions.
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| domain | founded_year | HQ Location |
Provides independent validation of consumer data for marketing accuracy.
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| domain | founded_year | HQ Location |
Offers comprehensive IT software distribution and support services.
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| domain | founded_year | HQ Location |
Cloud-based disaster recovery solutions are provided by Aishu.
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| domain | founded_year | HQ Location |
Long-term data preservation is achieved using cellular photosensitive film.
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| domain | founded_year | HQ Location |
Business cloud backup and disaster recovery services are delivered.
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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 Fenix 24
Frequently Asked Questions about Fenix 24
When was Fenix 24 founded?
Fenix 24 was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Fenix 24 located?
Fenix 24 is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
Is Fenix 24 a funded company?
Fenix 24 is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Mar 08, 2023.
What does Fenix 24 do?
Fenix 24 was founded in 2022 and is headquartered in Chattanooga, United States. Operations focus on the data recovery sector, where services are extended to retrieve lost or damaged information from storage devices such as hard drives and SSDs. Expertise is applied to both individual and enterprise clients, with processes emphasizing secure handling and forensic analysis. The companys domain, fenix24.com, supports these activities across the region.
Who are the top competitors of Fenix 24?
Fenix 24's top competitors include CyberFortress, Aishu and Piql.
What products or services does Fenix 24 offer?
Fenix 24 offers Assured Recovery and Rapid Recovery.
How many acquisitions has Fenix 24 made?
Who are Fenix 24's investors?
Fenix 24 has 1 investor. Key investors include Eos Venture Partners.
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