About GoNefco
GoNefco is a company based in East Hartford (United States) founded in 1981.. GoNefco has raised $188.76 million across 1 funding round from investors including Bertram Capital. The company has 443 employees as of December 31, 2021. GoNefco has completed 15 acquisitions, including Blume Supply, Edge Construction Supply and FascoSupply. GoNefco offers products and services including Abrasives, Adhesives, Anchors, Firestop, and Pipe Hangers. GoNefco operates in a competitive market with competitors including YouTool, City Hire, Zenith Survey, 2cequipment.com and SculelaPachet, among others.
- Headquarter East Hartford, United States
- Employees 443 as on 31 Dec, 2021
-
Sectors
Real Estate & Construction
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$188.76 M (USD)
in 1 rounds
-
Latest Funding Round
$188.76 M (USD), Private Equity Round
Aug 10, 2022
- Investors
-
Employee Count
443
as on Dec 31, 2021
-
Investments & Acquisitions
Blume Supply
& 14 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of GoNefco
GoNefco offers a comprehensive portfolio of products and services, including Abrasives, Adhesives, Anchors, Firestop, and Pipe Hangers. 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.
Products for grinding and surface finishing in industrial applications.
Materials for bonding and sealing in construction projects.
Devices for securing structures and foundations.
Solutions for preventing fire spread in buildings.
Hardware for suspending pipes in industrial settings.
Bolts and washers for structural assemblies.
Funding Insights of GoNefco
GoNefco has successfully raised a total of $188.76M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $188.76 million completed in August 2022. 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 1
- Last Round Private Equity Round — $188.8M
-
First Round
First Round
(10 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Private Equity Round - GoNefco | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GoNefco
GoNefco has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Bertram Capital. 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 |
|---|---|---|---|---|
|
Bertram Capital is focused on private equity investments in lower middle-market companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by GoNefco
GoNefco has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Blume Supply, Edge Construction Supply and FascoSupply. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Manufacturer of industrial supplies such as abrasives, concrete drills, and chisels
|
2012 | ||||
|
Structural engineering services are provided to multiple industries.
|
2000 | ||||
|
Totaltool was founded in 1996 in the United States.
|
1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - GoNefco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gonefco Comparisons
Competitors of GoNefco
GoNefco 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 YouTool, City Hire, Zenith Survey, 2cequipment.com and SculelaPachet, 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 |
An app-based platform is provided for renting construction tools.
|
|
| domain | founded_year | HQ Location |
Offers tool and equipment rental with fast delivery and online bookings.
|
|
| domain | founded_year | HQ Location |
Construction survey and safety equipment is rented via online platform.
|
|
| domain | founded_year | HQ Location |
Equipment is rented by users via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Sells power tools, generators, and gardening equipment online to consumers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Gonefco
Frequently Asked Questions about GoNefco
When was GoNefco founded?
GoNefco was founded in 1981 and raised its 1st funding round 41 years after it was founded.
Where is GoNefco located?
GoNefco is headquartered in East Hartford, United States. It is registered at East Hartford, Connecticut, United States.
Is GoNefco a funded company?
GoNefco is a funded company, having raised a total of $188.76M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $188.76M, raised on Aug 10, 2022.
How many employees does GoNefco have?
As of Dec 31, 2021, the latest employee count at GoNefco is 443.
What does GoNefco do?
Founded in 1981 in East Hartford, United States, the company operates as a distributor in the MRO sector. Fasteners were initially distributed, with expansion into power tools and pipe support systems. Operations are managed through four offline stores and an e-commerce website. Services provided include equipment rentals, tool repairs, pipe support engineering, and strut installation.
Who are the top competitors of GoNefco?
GoNefco's top competitors include YouTool, 2cequipment.com and Zenith Survey.
What products or services does GoNefco offer?
GoNefco offers Abrasives, Adhesives, Anchors, Firestop, and 2 more products and services.
How many acquisitions has GoNefco made?
GoNefco has made 15 acquisitions, including Blume Supply, Edge Construction Supply, and FascoSupply.
Who are GoNefco's investors?
GoNefco has 1 investor. Key investors include Bertram Capital.