About Garmin International
Garmin International is a company based in Olathe (United States) founded in 1989 by Min Kao and Gary Burrell.. The company has 21,800 employees as of December 31, 2024. Garmin International has completed 21 acquisitions, including AeroData, Alphamantis Tech and DeLorme. Garmin International operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Misfit Wearables, among others.
- Headquarter Olathe, United States
- Employees 21800 as on 31 Dec, 2024
- Founders Min Kao, Gary Burrell
- Stage Public
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Garmin Ltd.
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Annual Revenue
$6.3 B20.44as on Dec 31, 2024
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Net Profit
$1.41 B9.44as on Dec 31, 2024
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EBITDA
$1.77 B39.69as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
21800
as on Dec 31, 2024
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Investments & Acquisitions
AeroData
& 20 more
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IPO & Listings of Garmin International
Garmin International is a publicly listed company on the NYSE with ticker symbol GRMN in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Sales and Marketing
67 people
Software Development Team
52 people
Senior Team
24 people
Leadership Team
17 people
Product Management Team
12 people
Finance and Accounting
12 people
Team Team
8 people
Creative and Marketing Team
5 people
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Funding Insights of Garmin International
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(16 Feb 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2017 | Amount | Grant - Garmin International | Valuation |
investors |
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| Feb, 2016 | Amount | Grant - Garmin International | Valuation |
investors |
| 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 Garmin International
Garmin International has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Garmin International
Garmin International has strategically engaged in corporate development activities, having acquired 21 companies. Notable acquisitions include AeroData, Alphamantis Tech and DeLorme. 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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Speakers, subwoofers, amplifiers, head units, and accessories are manufactured.
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2022 | ||||
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Power meters for cyclists are developed by MetriGear.
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2015 | ||||
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Development of electricity transmission-based utility projects is conducted.
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2014 |
| 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 - Garmin International
| 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 |
Garmin International Comparisons
Competitors of Garmin International
Garmin International 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 Withings, Fitbit, Whoop, iHealth Labs and Misfit Wearables, 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 |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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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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| 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 Garmin International
Frequently Asked Questions about Garmin International
When was Garmin International founded?
Garmin International was founded in 1989 and raised its 1st funding round 27 years after it was founded.
Where is Garmin International located?
Garmin International is headquartered in Olathe, United States. It is registered at Olathe, Kansas, United States.
Who is the current CEO of Garmin International?
Clifton Pemble is the current CEO of Garmin International.
How many employees does Garmin International have?
As of Dec 31, 2024, the latest employee count at Garmin International is 21,800.
What is the annual revenue of Garmin International?
Annual revenue of Garmin International is $6.3B as on Dec 31, 2024.
What does Garmin International do?
Garmin International was founded in 1989 and is headquartered in Olathe, United States. Wearable devices, including fitness trackers and smartwatches, are produced to monitor physical activity, performance metrics, and health data such as fat burn. Operations extend to GPS-based solutions in automotive, aviation, marine, and corporate wellness sectors. Products are utilized for tracking fitness progress and integrating with social platforms.
Who are the top competitors of Garmin International?
Is Garmin International publicly traded?
Yes, Garmin International is publicly traded on NYSE under the ticker symbol GRMN.
How many acquisitions has Garmin International made?
Garmin International has made 21 acquisitions, including AeroData, Alphamantis Tech, and DeLorme.
Who are Garmin International's investors?
Garmin International has 1 investor. Key investors include European Union.
What is Garmin International's ticker symbol?
The ticker symbol of Garmin International is GRMN on NYSE.