About GRID
GRID is a company based in Reykjavik (Iceland) founded in 2018 by Thorsteinn Yngvi Gudmundsson, Laura L. Edwards, and Steinn Sigurdarson. It operates as a SaaS (Software-as-a-Service). GRID has raised $17.12 million across 6 funding rounds from investors including Slack, European Union and NEA. GRID offers products and services including GRID. GRID operates in a competitive market with competitors including Vena Marketing, Sigma, STOIC, SyTech and Blockspring, among others.
- Headquarter Reykjavik, Iceland
- Founders Thorsteinn Yngvi Gudmundsson, Laura L. Edwards, Steinn Sigurdarson
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.12 M (USD)
in 6 rounds
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Latest Funding Round
$12 M (USD), Series A
Aug 26, 2020
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Investors
Slack
& 15 more
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Employee Count
Employee Count
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Products & Services of GRID
GRID offers a comprehensive portfolio of products and services, including GRID. 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.
GRID is used for advanced spreadsheet solutions and analysis.
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Funding Insights of GRID
GRID has successfully raised a total of $17.12M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in August 2020. 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 6
- Last Round Series A — $12.0M
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First Round
First Round
(31 Oct 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - GRID | Valuation | New Enterprise Associates | |
| Apr, 2020 | Amount | Seed - GRID | Valuation |
investors |
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| Aug, 2019 | Amount | Grant - GRID | 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 GRID
GRID has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Slack, European Union and NEA. 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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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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BlueYard Capital is engaged in early-stage technology investments.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech companies by Acequia Capital.
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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 GRID
| 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 - GRID
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Grid Comparisons
Competitors of GRID
GRID 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 Vena Marketing, Sigma, STOIC, SyTech and Blockspring, 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 |
AI-powered financial planning and accounting software is offered.
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| domain | founded_year | HQ Location |
Sigma is recognized for business intelligence and analytics solutions.
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| domain | founded_year | HQ Location |
A cloud-based spreadsheet platform for managing large datasets is offered.
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| domain | founded_year | HQ Location |
Excel-based reporting software is developed for industrial data sources.
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| domain | founded_year | HQ Location |
Cloud-based data reporting and visualization solutions are provided for spreadsheets.
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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 Grid
Frequently Asked Questions about GRID
When was GRID founded?
GRID was founded in 2018.
Where is GRID located?
GRID is headquartered in Reykjavik, Iceland.
Is GRID a funded company?
GRID is a funded company, having raised a total of $17.12M across 6 funding rounds to date. The company's 1st funding round was a Grant of $55.1K, raised on Oct 31, 2018.
What does GRID do?
GRID is engaged in developing software solutions focused on enhancing spreadsheet functionalities. The company operates within the technology sector, offering tools designed to improve data analysis and productivity for businesses and individual users. Solutions provided by GRID are tailored to meet the needs of various industries requiring advanced data management.
Who are the top competitors of GRID?
GRID's top competitors include Vena Marketing, Sigma and SyTech.
What products or services does GRID offer?
GRID offers GRID.
Who are GRID's investors?
GRID has 16 investors. Key investors include Slack, European Union, NEA, BlueYard Capital, and Acequia Capital.
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