About Iskraemeco
Iskraemeco is a company based in Kranj (Slovenia) founded in 1945 was acquired by Kaynes Technology in October 2024.. Iskraemeco has raised $14.6 million across 4 funding rounds from investors including Kaynes Technology, Elsewedy Electric and European Union. The company has 123 employees as of April 17, 2024. Iskraemeco offers products and services including Symbiot software suite, Smart metering, and eMobility solutions. Iskraemeco operates in a competitive market with competitors including ecobee, Itron, Danfoss, Landis+Gyr and MRI Software, among others.
- Headquarter Kranj, Slovenia
- Employees 123 as on 17 Apr, 2024
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Sectors
Business ServicesEnergy & Utilities Technology Real Estate & Construction
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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 Iskraemeco India Private Limited
- Date of Incorporation 10 Oct, 2019
- Jurisdiction East Delhi, Delhi, India
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Annual Revenue
$4.83 M (USD)168.37as on Mar 31, 2023
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Net Profit
$-1.52 M (USD)-326.72as on Mar 31, 2023
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EBITDA
$-1.21 M (USD)-245.28as on Mar 31, 2023
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Total Equity Funding
$14.6 M (USD)
in 4 rounds
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Latest Funding Round
$240.5 K (USD), Grant
Sep 01, 2023
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Investors
Kaynes Technology
& 2 more
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Employee Count
123
as on Apr 17, 2024
- Acquired by
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Products & Services of Iskraemeco
Iskraemeco offers a comprehensive portfolio of products and services, including Symbiot software suite, Smart metering, and eMobility solutions. 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.
Software for data management and analysis in utilities
Devices for efficient energy measurement and monitoring
Systems for electric vehicle charging and grid management
Funding Insights of Iskraemeco
Iskraemeco has successfully raised a total of $14.6M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $240.5 thousand completed in September 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 4
- Last Round Grant — $240,502
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First Round
First Round
(31 Jul 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - Iskraemeco | Valuation |
investors |
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| Nov, 2020 | Amount | Grant - Iskraemeco | Valuation |
investors |
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| Sep, 2019 | Amount | Grant - Iskraemeco | 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 Iskraemeco
Iskraemeco has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Kaynes Technology, Elsewedy Electric and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Integrated electronics manufacturing and IoT solutions are delivered across industries.
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Wind turbines, towers, and rotor blades are manufactured in-house.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Iskraemeco
| 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 - Iskraemeco
| 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 |
Iskraemeco Comparisons
Competitors of Iskraemeco
Iskraemeco 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 ecobee, Itron, Danfoss, Landis+Gyr and MRI Software, 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 |
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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Cloud-based end-to-end solutions for smart grids are provided.
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Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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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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On-demand services are booked through an app-based platform.
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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 Iskraemeco
Frequently Asked Questions about Iskraemeco
When was Iskraemeco founded?
Iskraemeco was founded in 1945 and raised its 1st funding round 61 years after it was founded.
Where is Iskraemeco located?
Iskraemeco is headquartered in Kranj, Slovenia.
Who is the current CEO of Iskraemeco?
Luis Goncalves is the current CEO of Iskraemeco.
Is Iskraemeco a funded company?
Iskraemeco is a funded company, having raised a total of $14.6M across 4 funding rounds to date. The company's 1st funding round was a Grant of $225.05K, raised on Jul 31, 2006.
How many employees does Iskraemeco have?
As of Apr 17, 2024, the latest employee count at Iskraemeco is 123.
What is the annual revenue of Iskraemeco?
Annual revenue of Iskraemeco is $4.83M as on Mar 31, 2023.
What does Iskraemeco do?
Founded in 1945 in Kranj, Slovenia, Iskraemeco operates as a provider of metering solutions within the energy sector. Electricity meters, communication products supporting Ethernet, GSMGPRS, PLC, PSTN, and RF technologies, and software for meter data management are offered. These solutions are applied in advanced residential and commercial energy management for smart grid systems, serving global energy companies.
Who are the top competitors of Iskraemeco?
Iskraemeco's top competitors include ecobee, Landis+Gyr and Danfoss.
What products or services does Iskraemeco offer?
Iskraemeco offers Symbiot software suite, Smart metering, and eMobility solutions.
Who are Iskraemeco's investors?
Iskraemeco has 3 investors. Key investors include Kaynes Technology, Elsewedy Electric, and European Union.
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