About FigBytes
FigBytes is a company based in Gatineau (Canada) founded in 2009 by Ted Dhillon was acquired by AMCS in October 2023.. FigBytes has raised $13.5 million across 3 funding rounds from investors including SVB, AMCS and Quantum Innovation Fund. FigBytes offers products and services including Climate Accounting, Climate Action, Scope 3, and Water Stewardship. FigBytes operates in a competitive market with competitors including EcoVadis, Diginex, Manifest Climate, Novisto and Apiday, among others.
- Headquarter Gatineau, Canada
- Founders Ted Dhillon
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Sectors
Technology
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Email
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Website
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Products & Services of FigBytes
FigBytes offers a comprehensive portfolio of products and services, including Climate Accounting, Climate Action, Scope 3, and Water Stewardship. 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.
Tool for tracking carbon emissions and net zero goals.
Platform for planning and monitoring environmental initiatives.
Software to manage sustainable supply chain transparency.
System for assessing and mitigating water risks.
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Funding Insights of FigBytes
FigBytes has successfully raised a total of $13.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 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 3
- Last Round Series B — $10.0M
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First Round
First Round
(09 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Debt – Conventional - FigBytes | Valuation |
investors |
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| Nov, 2022 | Amount | Series B - FigBytes | Valuation | Quantum Innovation Fund |
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| Feb, 2021 | Amount | Series A - FigBytes | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 FigBytes
FigBytes has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, AMCS and Quantum Innovation Fund. 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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Banking services are provided to innovative companies, investors, and individuals.
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Cloud-based ERP solutions are provided for waste management and recycling.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 FigBytes
| 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 - FigBytes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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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Figbytes Comparisons
Competitors of FigBytes
FigBytes 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 EcoVadis, Diginex, Manifest Climate, Novisto and Apiday, 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 |
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Sustainability ratings for supply chains are provided via SaaS platform.
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ESG reporting and supply chain risk management software is provided.
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Provider of AI-powered sustainability reporting solutions. It offers tools for gap analysis, benchmarking, and data analysis to help organizations comply with ESG regulations and improve sustainability performance. The platform automates many manual processes, allowing for faster, more efficient reporting and improved insights into sustainability risks and opportunities. It provides access to data and analysis through a platform, API, or CSV exports. The AI is trained by ESG and climate experts to ensure accuracy and reliability.
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Cloud-based software for sustainability and ESG management is provided.
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| domain | founded_year | HQ Location |
ESG data solutions are delivered through an AI-driven cloud platform.
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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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On-demand services are booked through an app-based platform.
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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 Figbytes
Frequently Asked Questions about FigBytes
When was FigBytes founded?
FigBytes was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is FigBytes located?
FigBytes is headquartered in Gatineau, Canada. It is registered at Gatineau, Quebec, Canada.
Who is the current CEO of FigBytes?
Ted Dhillon is the current CEO of FigBytes. They have also founded this company.
Is FigBytes a funded company?
FigBytes is a funded company, having raised a total of $13.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on Feb 09, 2021.
What does FigBytes do?
FigBytes was founded in 2009 and is headquartered in Gatineau, Canada. Cloud-based solutions for KPI compliance management are offered, focusing on sectors like sustainability and corporate reporting. Services include strategy mapping, integrated dashboards, analytics, materiality assessments, benchmarking, surveys, automated frameworks, and data modules. Clients served encompass organizations such as Akamai, the City of Phoenix, and Hutchison Ports.
Who are the top competitors of FigBytes?
FigBytes's top competitors include EcoVadis, Manifest Climate and Novisto.
What products or services does FigBytes offer?
FigBytes offers Climate Accounting, Climate Action, Scope 3, and Water Stewardship.
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