About Lenzing
Lenzing is a company based in Lenzing (Austria) founded in 1939.. Lenzing offers products and services including TENCEL™, LENZING™, ECOVERO™, and VEOCEL™. Lenzing operates in a competitive market with competitors including MycoWorks, Renewcell, Modern Meadow, Genomatica and Spiber, among others.
- Headquarter Lenzing, Austria
- Stage Public
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Sectors
RetailChemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lenzing Aktiengesellschaft
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Annual Revenue
$153.2 M (USD)60as on Dec 31, 2023
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Net Profit
$-110.07 M (USD)-97as on Dec 31, 2023
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EBITDA
$-63.96 M (USD)-81as on Dec 31, 2023
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Latest Funding Round
$247 M (USD), Post-IPO
Jun 13, 2024
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Investors
Suzano
& 3 more
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Employee Count
Employee Count
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Products & Services of Lenzing
Lenzing offers a comprehensive portfolio of products and services, including TENCEL™, LENZING™, ECOVERO™, and VEOCEL™. 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.
Versatile fibers for textiles, offering softness and strength in various applications.
Specialty fibers for industrial uses, focusing on environmental sustainability.
Viscose fibers with low environmental impact for responsible production.
Fibers for personal care and medical applications, emphasizing biodegradability.
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Funding Insights of Lenzing
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $247.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Post-IPO - Lenzing | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - Lenzing | Valuation |
investors |
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| Aug, 2023 | Amount | Grant - Lenzing | 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 Lenzing
Lenzing has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Suzano, European Union and Austria Wirtschaftsservice. 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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Pulp and paper products are manufactured by Suzano worldwide.
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Founded Year | Domain | Location | |
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Banking regulatory services are provided for Austrian financial institutions.
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Founded Year | Domain | Location | |
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A digital platform for public administration services in Czech Republic.
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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 Lenzing
| 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 - Lenzing
| 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 |
Lenzing Comparisons
Competitors of Lenzing
Lenzing 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 MycoWorks, Renewcell, Modern Meadow, Genomatica and Spiber, 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 |
Bio-based materials from mycelium are manufactured as sustainable leather alternatives.
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| domain | founded_year | HQ Location |
Biodegradable fibres are produced from recycled cellulosic materials.
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| domain | founded_year | HQ Location |
Bio-fabricated leather products and accessories are provided online.
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| domain | founded_year | HQ Location |
Plant-based nylon materials and renewable chemicals are manufactured from feedstocks.
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| domain | founded_year | HQ Location |
Sustainable fabric materials are developed via microbial fermentation processes.
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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 Lenzing
Frequently Asked Questions about Lenzing
When was Lenzing founded?
Lenzing was founded in 1939 and raised its 1st funding round 75 years after it was founded.
Where is Lenzing located?
Lenzing is headquartered in Lenzing, Austria. It is registered at Lenzing, Upper Austria, Austria.
Who is the current CEO of Lenzing?
Stefan Doboczky is the current CEO of Lenzing.
What is the annual revenue of Lenzing?
Annual revenue of Lenzing is $153.2M as on Dec 31, 2023.
What does Lenzing do?
Lenzing was founded in 1939 in Lenzing, Austria, and operates in the sustainable textiles sector. Cellulose fibers derived from renewable raw materials are produced, including lyocell and modal variants, along with flame-retardant options. These fibers are supplied for use in fashion, home textiles, sports and outdoor apparel, protective clothing, cosmetics, and hygiene products. The companys platform supports global applications in these areas.
Who are the top competitors of Lenzing?
Lenzing's top competitors include MycoWorks, Newlight Technologies and Modern Meadow.
What products or services does Lenzing offer?
Lenzing offers TENCEL™, LENZING™, ECOVERO™, and VEOCEL™.
Who are Lenzing's investors?
Lenzing has 4 investors. Key investors include Suzano, European Union, Austria Wirtschaftsservice, and Portál veřejné správy.
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