About iG3N
iG3N is a company based in Johannesburg (South Africa) founded in 2018.. iG3N has raised $1.3 million across 2 funding rounds from investors including Edge Growth, ASISA and Secha Capital. iG3N offers products and services including LiFePO4 Batteries, I-Node Battery Pack, and e-Stack Batteries. iG3N operates in a competitive market with competitors including groSolar, Distributed Power Africa, Sun Exchange, go solr and New Southern Energy, among others.
- Headquarter Johannesburg, South Africa
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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
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- Legal Name Ig3n (Pty) 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
$1.3 M (USD)
in 2 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Aug 03, 2021
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Investors
Edge Growth
& 2 more
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Employee Count
Employee Count
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Products & Services of iG3N
iG3N offers a comprehensive portfolio of products and services, including LiFePO4 Batteries, I-Node Battery Pack, and e-Stack Batteries. 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.
Assembled batteries for solar PV and backup power needs.
Compact battery system for residential solar integration.
Modular units for expandable energy storage systems.
Funding Insights of iG3N
iG3N has successfully raised a total of $1.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in August 2021. 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 2
- Last Round Seed — $1.3M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - iG3N | Valuation | Edge Growth , ASISA |
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| Dec, 2020 | Amount | Seed - iG3N | Valuation | Secha Capital |
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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 |
Investors in iG3N
iG3N has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Edge Growth, ASISA and Secha 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 |
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Venture capital investments are directed toward small and medium enterprises.
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Founded Year | Domain | Location | |
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Secha Capital is engaged in growth capital and impact investments in African companies.
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Founded Year | Domain | Location | |
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ASISA is recognized as the collective voice for South Africa's savings and investment industry.
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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 iG3N
| 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 - iG3N
| 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 |
Ig3n Comparisons
Competitors of iG3N
iG3N 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 groSolar, Distributed Power Africa, Sun Exchange, go solr and New Southern Energy, 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 |
Solar Distribution and Installation
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| domain | founded_year | HQ Location |
Solar installations are provided for residential, commercial, and industrial sectors.
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| domain | founded_year | HQ Location |
Solar power and storage solutions are developed for midsize organizations.
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Turnkey solar energy projects are developed by New Southern Energy.
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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 Ig3n
Frequently Asked Questions about iG3N
When was iG3N founded?
iG3N was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is iG3N located?
iG3N is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is iG3N a funded company?
iG3N is a funded company, having raised a total of $1.3M across 2 funding rounds to date.
What does iG3N do?
iG3N was founded in 2018 and is headquartered in Johannesburg, South Africa. Solar panel installation services are offered by the company within the renewable energy sector. Operations focus on both residential and commercial clients, with installations tailored to local needs. The domain i-g3n.co.za supports online inquiries and service details. Activities are conducted primarily in the South African market, emphasizing sustainable energy solutions.
Who are the top competitors of iG3N?
iG3N's top competitors include groSolar, Sun Exchange and Distributed Power Africa.
What products or services does iG3N offer?
iG3N offers LiFePO4 Batteries, I-Node Battery Pack, and e-Stack Batteries.
Who are iG3N's investors?
iG3N has 3 investors. Key investors include Edge Growth, ASISA, and Secha Capital.