About KONE
KONE is a company based in Espoo (Finland) founded in 1910.. KONE has completed 13 acquisitions, including Ascensores Casado, Capital Elevator Services and City Elevator. KONE offers products and services including Elevators, Escalators, Maintenance Services, and Modernization Solutions. KONE operates in a competitive market with competitors including TK Elevator, Schindler, Savaria, ATIS Elevator Inspections and Johnson Lifts, among others.
- Headquarter Espoo, Finland
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Sectors
Business Services
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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 Kone Oyj
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$849.18 K (USD), Grant
Oct 01, 2019
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Ascensores Casado
& 12 more
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Products & Services of KONE
KONE offers a comprehensive portfolio of products and services, including Elevators, Escalators, Maintenance Services, and Modernization 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.
Vertical transportation systems for efficient building mobility.
Moving stairways enhancing public space accessibility.
Ongoing upkeep for reliable elevator and escalator operation.
Upgrades improving safety and efficiency of existing systems.
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Software Development Team
116 people
Sales and Marketing
73 people
Leadership Team
67 people
Operations Team
41 people
Finance and Accounting
38 people
Product Management Team
35 people
Senior Team
31 people
Creative and Marketing Team
27 people
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Funding Insights of KONE
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $849,175
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Grant - KONE | Valuation |
investors |
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| Mar, 2018 | Amount | Grant - KONE | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - KONE | Valuation |
investors |
| 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 |
Investors in KONE
KONE has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 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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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 KONE
KONE has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Ascensores Casado, Capital Elevator Services and City Elevator. 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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Craft watches are designed and manufactured by Partek.
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2022 | ||||
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Elevator installation and maintenance services are provided in Germany.
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2003 | ||||
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Commercial elevator repair services are provided throughout the United States.
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2003 |
| 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 - KONE
| 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 |
Kone Comparisons
Competitors of KONE
KONE 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 TK Elevator, Schindler, Savaria, ATIS Elevator Inspections and Johnson Lifts, 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 |
Management consulting, business, and infrastructure services are provided.
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Elevator maintenance and repair services are provided worldwide.
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Lifts and elevators are manufactured and supplied by Savaria.
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Provider of premier elevator inspection services
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| domain | founded_year | HQ Location |
Manufactures and installs lifts and escalators for buildings and infrastructure.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kone
Frequently Asked Questions about KONE
When was KONE founded?
KONE was founded in 1910 and raised its 1st funding round 105 years after it was founded.
Where is KONE located?
KONE is headquartered in Espoo, Finland.
Who is the current CEO of KONE?
Philippe Delorme is the current CEO of KONE.
What does KONE do?
KONE was founded in 1910 in Espoo, Finland, as an engineering and service firm in the building mobility sector. Passenger and goods elevators are supplied for various building types to support people and material flows. Escalators and automatic doors are also delivered. Maintenance and modernization services are extended to commercial clients globally. In 2022, revenues of 11.46 billion and net profit of 0.86 billion were achieved.
Who are the top competitors of KONE?
KONE's top competitors include TK Elevator, Schindler and Johnson Lifts.
What products or services does KONE offer?
KONE offers Elevators, Escalators, Maintenance Services, and Modernization Solutions.
How many acquisitions has KONE made?
KONE has made 13 acquisitions, including Ascensores Casado, Capital Elevator Services, and City Elevator.
Who are KONE's investors?
KONE has 1 investor. Key investors include European Union.
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