About Fluence Technologies
Fluence Technologies is a company based in Toronto (Canada) founded in 2018 was acquired by Anaplan in April 2024.. Fluence Technologies has raised $10.17 million across 2 funding rounds from investors including Anaplan, Banneker Partners and MaRS IAF. Fluence Technologies has completed 2 acquisitions, including Sturnis365 and XLCubed. Fluence Technologies operates in a competitive market with competitors including Incorta, insightsoftware, OneStream Software, Compass and Binocs, among others.
- Headquarter Toronto, 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 Fluence Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.17 M (USD)
in 2 rounds
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Latest Funding Round
$10.17 M (USD), Series A
May 04, 2021
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Investors
Anaplan
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Sturnis365
& 1 more
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Acquired by
Anaplan
(Apr 26, 2024)
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Funding Insights of Fluence Technologies
Fluence Technologies has successfully raised a total of $10.17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.17 million completed in May 2021. 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 2
- Last Round Series A — $10.2M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Fluence Technologies | Valuation | Banneker Partners |
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| Jun, 2020 | Amount | Seed - Fluence Technologies | Valuation | MaRS Investment Accelerator Fund |
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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 Fluence Technologies
Fluence Technologies has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Anaplan, Banneker Partners and MaRS IAF. 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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Buyouts are targeted by Banneker Partners in private equity.
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported through investments by MaRS IAF.
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Founded Year | Domain | Location | |
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Operational planning and forecasting solutions are offered to businesses.
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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 Fluence Technologies
Fluence Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Sturnis365 and XLCubed. 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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Provider of financial services
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2017 | ||||
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Cloud based reporting and analytics tool
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2002 |
| 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 - Fluence Technologies
| 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 |
Fluence Technologies Comparisons
Competitors of Fluence Technologies
Fluence Technologies 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 Incorta, insightsoftware, OneStream Software, Compass and Binocs, 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 |
AI-based business intelligence platform is provided for real-time data analytics.
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| domain | founded_year | HQ Location |
Financial reporting and performance management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Enterprise finance management solutions are provided by OneStream Software.
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| domain | founded_year | HQ Location |
Realtime benchmarks on e-commerce performance data are delivered via dashboard.
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| domain | founded_year | HQ Location |
Gen AI powered document analyzer and loan monitoring system
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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 Fluence Technologies
Frequently Asked Questions about Fluence Technologies
When was Fluence Technologies founded?
Fluence Technologies was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Fluence Technologies located?
Fluence Technologies is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Fluence Technologies?
Michael Morrison is the current CEO of Fluence Technologies.
Is Fluence Technologies a funded company?
Fluence Technologies is a funded company, having raised a total of $10.17M across 2 funding rounds to date.
What does Fluence Technologies do?
Founded in 2018 and based in Toronto, Canada, Fluence Technologies operates in the financial technology sector. Cloud-based platforms are provided for financial planning, analysis, consolidation, close management, risk assessment, and performance tracking. Anomaly detection and data reporting functionalities are included, alongside resources such as blogs, events, and libraries for financial insights.
Who are the top competitors of Fluence Technologies?
Fluence Technologies's top competitors include Incorta, OneStream Software and Binocs.
How many acquisitions has Fluence Technologies made?
Fluence Technologies has made 2 acquisitions, including Sturnis365, and XLCubed.
Who are Fluence Technologies's investors?
Fluence Technologies has 3 investors. Key investors include Anaplan, Banneker Partners, and MaRS IAF.
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