About Frigate
Frigate is a company based in Tiruchirappalli (India) founded in 2011 by Chandrasekar C, Iniyavan Vasanthan, and Vasanthan Tamizhinian. Frigate has raised $1.69 million across 2 funding rounds from investors including LetsVenture, Arali Ventures and Capital A. Frigate operates in a competitive market with competitors including Xometry, Hubs, TriMech, Ethereal Machines and VulcanForms, among others.
- Headquarter Tiruchirappalli, India
- Founders Chandrasekar C, Iniyavan Vasanthan, Vasanthan Tamizhinian
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
*********
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Website
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Social
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- Legal Name Frigate Engineering Services Private Limited
- Date of Incorporation 09 Mar, 2021
- Jurisdiction Tiruchirappalli, Tamil Nadu, India
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Annual Revenue
$998.74 K (USD)405.81as on Mar 31, 2024
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Net Profit
-$241.99 K (USD)-385.63as on Mar 31, 2024
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EBITDA
-$279.91 K (USD)-465.97as on Mar 31, 2024
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Total Equity Funding
$1.69 M (USD)
in 2 rounds
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Latest Funding Round
$1.5 M (USD), Seed
May 03, 2023
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Investors
LetsVenture
& 24 more
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Employee Count
Employee Count
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Funding Insights of Frigate
Frigate has successfully raised a total of $1.69M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in May 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 2
- Last Round Seed — $1.5M
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First Round
First Round
(12 Apr 2022)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Frigate | Valuation | Arali Ventures | |
| Apr, 2022 | Amount | Seed - Frigate | Valuation | Vel Kanniappan |
Investors in Frigate
Frigate has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Arali Ventures and Capital A.
| Investor | Description | Founded Year | Domain | Location |
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Investment in B2B tech startups at pre-seed and seed stages across various sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Indian startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Frigate
Financial Statements - Frigate
Frigate Comparisons
Competitors of Frigate
Frigate 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 Xometry, Hubs, TriMech, Ethereal Machines and VulcanForms, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for on-demand distributed manufacturing and prototyping is provided.
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| domain | founded_year | HQ Location |
Tech-enabled on-demand 3D printing and manufacturing services are provided.
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| domain | founded_year | HQ Location |
On-demand 3D printing and manufacturing solutions are provided online.
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| domain | founded_year | HQ Location |
On-demand manufacturing services for industrial machines are offered.
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| domain | founded_year | HQ Location |
Provider of industrial metal additive manufacturing system
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| domain | founded_year | HQ Location |
Cloud-based on-demand manufacturing solutions are developed for additive services.
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Latest news on Frigate
Frequently Asked Questions about Frigate
Frigate was founded in 2011 and raised its 1st funding round 11 years after it was founded.
Frigate is headquartered in Tiruchirappalli, India. It is registered at Tiruchirappalli, Tamil Nadu, India.
Frigate is a funded company, having raised a total of $1.69M across 2 funding rounds to date. The company's 1st funding round was a Seed of $185K, raised on Apr 12, 2022.
Annual revenue of Frigate is $998.74K as on Mar 31, 2024.
Founded in 2011 in Tiruchirappalli, India, Frigate operates in the manufacturing sector by connecting clients with partners for processes such as casting, forging, machining, and fabrication. Services cover the product lifecycle, including design, prototyping, mass production, and assembly. Supply chain management is streamlined via the platform, supporting various industries with tailored solutions across global operations.
Frigate's top competitors include Xometry, VulcanForms and Ethereal Machines.
Frigate has 25 investors. Key investors include LetsVenture, Arali Ventures, Capital A, Java Capital, and Bulleon.
The valuation of Frigate is $6.41M as of May 2023.