About itm8
itm8 is a company based in Herning (Denmark) founded in 2018 was acquired by Axcel in May 2022.. itm8 has raised $34.37 million across 3 funding rounds from investors including Axcel. The company has 45 employees as of November 30, 2023. itm8 has completed 1 acquisition, including ComputerBusinessCenter. itm8 offers products and services including Cyber Security, Cloud & Infrastructure, and Digital Transformation. itm8 operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Herning, Denmark
- Employees 45 as on 30 Nov, 2023
- Stage Unicorn
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Sectors
Technology
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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
$3.55 M (USD)-6as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$34.37 M (USD)
in 3 rounds
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Latest Funding Round
$2.95 M (USD), Series C
Dec 17, 2020
- Investors
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Employee Count
45
as on Nov 30, 2023
- Investments & Acquisitions
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Acquired by
Axcel
(May 18, 2022)
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Products & Services of itm8
itm8 offers a comprehensive portfolio of products and services, including Cyber Security, Cloud & Infrastructure, and Digital Transformation. 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.
Provides protection against cyber threats and incident response.
Offers outsourcing and management of cloud services for businesses.
Delivers software development and AI solutions for business improvement.
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Funding Insights of itm8
itm8 has successfully raised a total of $34.37M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $2.95 million completed in December 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 3
- Last Round Series C — $2.9M
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First Round
First Round
(31 Aug 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - itm8 | Valuation |
investors |
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| Sep, 2019 | Amount | Series B - itm8 | Valuation |
investors |
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| Aug, 2018 | Amount | Series A - itm8 | 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 |
Investors in itm8
itm8 has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Axcel. 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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Axcel is engaged in private equity investments for value creation.
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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 itm8
itm8 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ComputerBusinessCenter. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Managed hosting and computer services are provided internationally.
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - itm8
| 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 |
Itm8 Comparisons
Competitors of itm8
itm8 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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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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Latest news on Itm8
Frequently Asked Questions about itm8
When was itm8 founded?
itm8 was founded in 2018.
Where is itm8 located?
itm8 is headquartered in Herning, Denmark.
Is itm8 a funded company?
itm8 is a funded company, having raised a total of $34.37M across 3 funding rounds to date. The company's 1st funding round was a Series A of $29.03M, raised on Aug 31, 2018.
How many employees does itm8 have?
As of Nov 30, 2023, the latest employee count at itm8 is 45.
What does itm8 do?
itm8 was founded in 2018 and is based in Herning, Denmark. IT services encompassing app development, cloud infrastructure, security measures, and operational support are delivered by the company. Operations are centered on technology solutions for various clients, with emphasis placed on reliable implementation across these areas. The domain itm8.com serves as the primary online presence for these activities.
Who are the top competitors of itm8?
itm8's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does itm8 offer?
itm8 offers Cyber Security, Cloud & Infrastructure, and Digital Transformation.
How many acquisitions has itm8 made?
itm8 has made 1 acquisition, including ComputerBusinessCenter.
Who are itm8's investors?
itm8 has 1 investor. Key investors include Axcel.
What is itm8's valuation?
The valuation of itm8 is $1.78B as of Dec 2020.
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