About IDenteq
IDenteq is a company founded in 2020 by Ben Reed.. IDenteq has raised $732.03 thousand across 1 funding round. The company has 9 employees as of January 31, 2022. IDenteq operates in a competitive market with competitors including PowerSecure, Gorilla, Uplight, Technosylva and powercloud, among others.
- Employees 9 as on 31 Jan, 2022
- Founders Ben Reed
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Identeq Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$732.03 K (USD)
in 1 rounds
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Latest Funding Round
$732.03 K (USD), Seed
Dec 19, 2023
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Investors
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Employee Count
9
as on Jan 31, 2022
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Funding Insights of IDenteq
IDenteq has successfully raised a total of $732.03K through 1 strategic funding round. The most recent funding activity was a Seed round of $732.03 thousand completed in December 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 1
- Last Round Seed — $732,028
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First Round
First Round
(19 Dec 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - IDenteq | Valuation |
investors |
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| 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 |
Investments & Acquisitions by IDenteq
| 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 - IDenteq
| 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 |
Identeq Comparisons
Competitors of IDenteq
IDenteq 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 PowerSecure, Gorilla, Uplight, Technosylva and powercloud, 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 |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Developer of electricity transmission based utility projects
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| domain | founded_year | HQ Location |
AI and SaaS-driven solutions for energy monitoring in residential and commercial buildings
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| domain | founded_year | HQ Location |
Provider of GIS-enabled software solutions for multiple sectors
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| domain | founded_year | HQ Location |
Cloud-based energy solutions for transition and customer engagement are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based digital meters to store and communicate electricity consumption
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| 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 IDenteq
When was IDenteq founded?
IDenteq was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Who is the current CEO of IDenteq?
Andrew McKinney is the current CEO of IDenteq.
Is IDenteq a funded company?
IDenteq is a funded company, having raised a total of $732.03K across 1 funding round to date. The company's 1st funding round was a Seed of $732.03K, raised on Dec 19, 2023.
How many employees does IDenteq have?
As of Jan 31, 2022, the latest employee count at IDenteq is 9.
What does IDenteq do?
IDenteq was founded in 2020 as a SaaS platform focused on fraud prevention within the utility sector. Core offerings include the COT Portal, a SaaS-based tool for detecting and mitigating fraud, alongside project management as a service that handles implementation, oversight, and reporting. Operations are centered in the United Kingdom, serving utility providers with data-driven security measures.
Who are the top competitors of IDenteq?
IDenteq's top competitors include PowerSecure, Gorilla and SparkMeter.