About Kromek
Kromek is a company based in Sedgefield (United Kingdom) founded in 2003 by Arnab Basu.. Kromek has raised $1.8 million across 10 funding rounds from investors including HSBC, Gov.uk and European Union. The company has 165 employees as of April 30, 2024. Kromek has completed 1 acquisition, including eV Products. Kromek offers products and services including RayMon, D5 RIID, CZT Gamma Detectors, and AARM. Kromek operates in a competitive market with competitors including Mirion, Smiths Detection, Battelle, Serstech and Liberty Defense, among others.
- Headquarter Sedgefield, United Kingdom
- Employees 165 as on 30 Apr, 2024
- Founders Arnab Basu
- Stage Public
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Sectors
TechnologyIndustrial Goods & Manufacturing Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kromek Group Plc
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Annual Revenue
$33.22 M (USD)36.61as on Apr 30, 2024
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Net Profit
$4.7 M (USD)213.98as on Apr 30, 2024
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EBITDA
$11.36 M (USD)250.25as on Apr 30, 2024
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Total Equity Funding
$1.8 M (USD)
in 10 rounds
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Latest Funding Round
$1.6 M (USD), Grant
Jan 18, 2024
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Investors
HSBC
& 5 more
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Employee Count
165
as on Apr 30, 2024
- Investments & Acquisitions
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IPO & Listings of Kromek
Kromek is a publicly listed company on the LSE with ticker symbol KMK in UK, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Kromek
Kromek offers a comprehensive portfolio of products and services, including RayMon, D5 RIID, CZT Gamma Detectors, and AARM. 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.
Handheld device for radionuclide detection and analysis needs
Ruggedized handheld for detecting and identifying radioisotopes
Modules for radiological detection in OEM systems
UAV-based system for aerial radiation monitoring
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Funding Insights of Kromek
Kromek has successfully raised a total of $1.8M across 10 strategic funding rounds. The most recent funding activity was a Grant round of $1.6 million completed in January 2024. 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 10
- Last Round Grant — $1.6M
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First Round
First Round
(05 Dec 2005)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Grant - Kromek | Valuation |
investors |
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| Aug, 2022 | Amount | Post-IPO - Kromek | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Kromek | 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 Kromek
Kromek has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Gov.uk 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 agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Tech and life sciences focused VC firm investing in geographies such as the US and the UK
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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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 Kromek
Kromek has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include eV Products. 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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Solid-state X-Ray and Gamma-ray detectors are developed using CZT technology.
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1998 |
| 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 - Kromek
| 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 |
Kromek Comparisons
Competitors of Kromek
Kromek 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 Mirion, Smiths Detection, Battelle, Serstech and Liberty Defense, 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 |
Radiation detection, measurement, analysis, and monitoring products are supplied.
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| domain | founded_year | HQ Location |
Developer of CBRNE threat detection and monitoring systems
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| domain | founded_year | HQ Location |
CBRNE defense, lab management, and national security solutions are provided.
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| domain | founded_year | HQ Location |
Solutions for detecting and monitoring chemicals and explosives are provided.
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| domain | founded_year | HQ Location |
Cloud and AI-based platform for weapon detection is developed.
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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 Kromek
Frequently Asked Questions about Kromek
When was Kromek founded?
Kromek was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is Kromek located?
Kromek is headquartered in Sedgefield, United Kingdom. It is registered at Sedgefield, County Durham, United Kingdom.
Who is the current CEO of Kromek?
Arnab Basu is the current CEO of Kromek. They have also founded this company.
Is Kromek a funded company?
Kromek is a funded company, having raised a total of $1.8M across 10 funding rounds to date. The company's 1st funding round was a Post-IPO of $13.84M, raised on Dec 05, 2005.
How many employees does Kromek have?
As of Apr 30, 2024, the latest employee count at Kromek is 165.
What is the annual revenue of Kromek?
Annual revenue of Kromek is $33.22M as on Apr 30, 2024.
What does Kromek do?
Founded in 2003 and based in Sedgefield, United Kingdom, radiation detection solutions are provided by the company for sectors including medical, nuclear, and security screening. A platform is offered featuring products derived from sensor materials like cadmium zinc telluride, along with supporting materials, hardware, software, and ASICs. Operations focus on enabling detection across multiple industry verticals.
Who are the top competitors of Kromek?
Kromek's top competitors include Smiths Detection, Battelle and Implant Sciences.
What products or services does Kromek offer?
Kromek offers RayMon, D5 RIID, CZT Gamma Detectors, and AARM.
Is Kromek publicly traded?
Yes, Kromek is publicly traded on LSE under the ticker symbol KMK.
How many acquisitions has Kromek made?
Kromek has made 1 acquisition, including eV Products.
Who are Kromek's investors?
Kromek has 6 investors. Key investors include HSBC, Gov.uk, European Union, Amphion Innovations, and U.S. Department of Defense.
What is Kromek's ticker symbol?
The ticker symbol of Kromek is KMK on LSE.
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