About GasSecure
GasSecure is a company based in Oslo (Norway) founded in 2008 was acquired by Dräger in March 2015.. GasSecure has raised $7.26 million across 3 funding rounds from investors including Dräger, European Union and Investinor. The company has 12 employees as of December 31, 2021. GasSecure offers products and services including GS01 Gas Detector and Polytron 6100 EC WL.
- Headquarter Oslo, Norway
- Employees 12 as on 31 Dec, 2021
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gassecure As
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Annual Revenue
$5.26 M (USD)21as on Dec 31, 2022
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Net Profit
$336.04 K (USD)-5as on Dec 31, 2022
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EBITDA
$83.51 K (USD)-52as on Dec 31, 2022
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Total Equity Funding
$7.26 M (USD)
in 3 rounds
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Latest Funding Round
$133.45 K (USD), Grant
Jan 01, 2015
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Investors
Dräger
& 4 more
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Employee Count
12
as on Dec 31, 2021
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Acquired by
Dräger
(Mar 10, 2015)
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Products & Services of GasSecure
GasSecure offers a comprehensive portfolio of products and services, including GS01 Gas Detector and Polytron 6100 EC WL. 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.
A wireless gas detector that is utilized in industrial applications to monitor safety
A gas detection system that is employed with selectable radio standards for enhanced functionality
Funding Insights of GasSecure
GasSecure has successfully raised a total of $7.26M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $133.45 thousand completed in January 2015. 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 Grant — $133,447
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First Round
First Round
(15 Mar 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Grant - GasSecure | Valuation |
investors |
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| Aug, 2013 | Amount | Series A - GasSecure | Valuation |
investors |
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| Mar, 2010 | Amount | Series A - GasSecure | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 GasSecure
GasSecure has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Dräger, European Union and Investinor. 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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Founded Year | Domain | Location | |
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Early-stage tech and energy investments are made primarily in Norway.
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Founded Year | Domain | Location | |
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Growth-stage tech and energy investments in Europe are targeted.
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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 GasSecure
| 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 - GasSecure
| 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 |
Gassecure Comparisons
Competitors of GasSecure
| 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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Frequently Asked Questions about GasSecure
When was GasSecure founded?
GasSecure was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is GasSecure located?
GasSecure is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Is GasSecure a funded company?
GasSecure is a funded company, having raised a total of $7.26M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.65M, raised on Mar 15, 2010.
How many employees does GasSecure have?
As of Dec 31, 2021, the latest employee count at GasSecure is 12.
What is the annual revenue of GasSecure?
Annual revenue of GasSecure is $5.26M as on Dec 31, 2022.
What does GasSecure do?
GasSecure was established in 2008 in Oslo, Norway, as a provider of wireless gas detection systems for industrial sectors. Operations focus on systems that monitor hazardous gases to safeguard personnel and assets. A range of detectors, such as the GS01 and Polytron 6100 EC WL, is available, compatible with multiple radio standards. Infrared sensing and SafeWireless protocols are employed to ensure detection reliability in diverse industrial settings.
What products or services does GasSecure offer?
GasSecure offers GS01 Gas Detector and Polytron 6100 EC WL.
Who are GasSecure's investors?
GasSecure has 5 investors. Key investors include Dräger, European Union, Investinor, ProVenture, and Viking Venture.