About Fotech
Fotech is a company based in Fleet (United Kingdom) founded in 2008 was acquired by BP Ventures in February 2020.. Fotech has raised $9.39 million across 2 funding rounds from investors including bp, SHOAIBI GROUP and BP Ventures. The company has 53 employees as of December 31, 2020. Fotech operates in a competitive market with competitors including Silixa, Raptor Oil, CannSeal, LUX Assure and Servelec Technologies, among others.
- Headquarter Fleet, United Kingdom
- Employees 53 as on 31 Dec, 2020
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fotech Group Limited
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Annual Revenue
$7.2 M (USD)0as on Dec 31, 2017
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Net Profit
$-2.22 M (USD)0as on Dec 31, 2017
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EBITDA
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Total Equity Funding
$9.39 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
bp
& 4 more
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Employee Count
53
as on Dec 31, 2020
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Acquired by
BP Ventures
(Feb 11, 2020)
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Funding Insights of Fotech
Fotech has successfully raised a total of $9.39M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(26 Jun 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Series B - Fotech | Valuation | BP Ventures |
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| Jun, 2008 | Amount | Series A - Fotech | Valuation | Scottish Equity Partners , SHOAIBI GROUP |
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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 Fotech
Fotech has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include bp, SHOAIBI GROUP and BP 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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Investments in energy technology companies are made by BP Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech companies
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Founded Year | Domain | Location | |
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Investment in sustainable energy technology companies is facilitated.
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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 Fotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Fotech
| 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 |
Fotech Comparisons
Competitors of Fotech
Fotech 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 Silixa, Raptor Oil, CannSeal, LUX Assure and Servelec Technologies, 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 |
Provider of fibre optic monitoring solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Acoustics-based wireless communication tool for in-well deployment
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| domain | founded_year | HQ Location |
Annular isolation technology is provided for enhanced oil recovery.
|
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| domain | founded_year | HQ Location |
Offers advanced chemical monitoring technology for the oil and gas industry.
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| domain | founded_year | HQ Location |
Remote telemetry units and software products for water, oil & mining industry
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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 Fotech
Frequently Asked Questions about Fotech
When was Fotech founded?
Fotech was founded in 2008.
Where is Fotech located?
Fotech is headquartered in Fleet, United Kingdom. It is registered at Fleet, Hampshire, United Kingdom.
Who is the current CEO of Fotech?
Chris Shannon is the current CEO of Fotech.
Is Fotech a funded company?
Fotech is a funded company, having raised a total of $9.39M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.39M, raised on Jun 26, 2008.
How many employees does Fotech have?
As of Dec 31, 2020, the latest employee count at Fotech is 53.
What is the annual revenue of Fotech?
Annual revenue of Fotech is $7.2M as on Dec 31, 2017.
What does Fotech do?
Fotech is a provider of artificial intelligence and photonics-based monitoring solutions for the oil gas industry and power utility companies. It offers a distributed acoustic sensing solution known as Helios for the oilfield, down-hole or flow-lines, risers, and pipelines to monitor conditions, as well as locate and identify parameters such as pump failure, damage, and leakage. It can be used for high-resolution imaging and data acquisition of oil reservoirs. Provides a software platform which connected with photonics and artificial intelligence system known as LivePIPE to detect and communicate about leaks, abnormal behavior of the system, real-time monitoring, security breach, and monitoring during maintenance activity. Also, offers monitoring solutions for railways, traffic, production industries, and other utility assets.
Who are the top competitors of Fotech?
Fotech's top competitors include Seal For Life Industries, CannSeal and Acoustic Data.
Who are Fotech's investors?
Fotech has 5 investors. Key investors include bp, SHOAIBI GROUP, BP Ventures, Scottish Equity Partners, and EV Private Equity.
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