About Meriton
Meriton is a company based in Ottawa (Canada) founded in 2000 was acquired by Xtera in April 2008. It operates as a Professional Services. Meriton has raised $54 million across 1 funding round from investors including Royal Bank of Canada, Desjardins and Xtera. The company has 441 employees as of December 31, 2021. Meriton has completed 2 acquisitions, including Air Equipment and Mahin Network. Meriton offers products and services including HVAC Representation. Meriton operates in a competitive market with competitors including Calix, NEC, Ericsson, Mavenir and Ciena, among others.
- Headquarter Ottawa, Canada
- Employees 441 as on 31 Dec, 2021
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Meriton, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54 M (USD)
in 1 rounds
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Latest Funding Round
$54 M (USD), Series C
Jun 27, 2005
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Investors
Royal Bank of Canada
& 8 more
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Employee Count
441
as on Dec 31, 2021
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Investments & Acquisitions
Air Equipment
& 1 more
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Acquired by
Xtera
(Apr 07, 2008)
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Products & Services of Meriton
Meriton offers a comprehensive portfolio of products and services, including HVAC Representation. 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.
HVAC manufacturer representation is provided to various companies.
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Funding Insights of Meriton
Meriton has successfully raised a total of $54M through 1 strategic funding round. The most recent funding activity was a Series C round of $54 million completed in June 2005. 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 1
- Last Round Series C — $54.0M
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First Round
First Round
(27 Jun 2005)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Series C - Meriton | Valuation | Nomura , VantagePoint Capital Partners |
| 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 Meriton
Meriton has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Royal Bank of Canada, Desjardins and Xtera. 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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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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US focused stage-agnostic venture capital firm
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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 Meriton
Meriton has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Air Equipment and Mahin Network. 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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Network equipment and services are supplied by Mahin Network.
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1999 | ||||
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Provider of air equipment and services for commercial, educational, and industrial sectors
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1946 |
| 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 - Meriton
| 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 |
Meriton Comparisons
Competitors of Meriton
Meriton 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 Calix, NEC, Ericsson, Mavenir and Ciena, 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 |
Communication equipment and software solutions are provided for broadband access.
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| domain | founded_year | HQ Location |
Cloud-based IT and networking solutions are provided globally.
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| domain | founded_year | HQ Location |
Telecom equipment and software solutions are provided for networks.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Fiber-optic and wireless infrastructure products provider
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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 Meriton
Frequently Asked Questions about Meriton
When was Meriton founded?
Meriton was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Meriton located?
Meriton is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Meriton a funded company?
Meriton is a funded company, having raised a total of $54M across 1 funding round to date. The company's 1st funding round was a Series C of $54M, raised on Jun 27, 2005.
How many employees does Meriton have?
As of Dec 31, 2021, the latest employee count at Meriton is 441.
What does Meriton do?
Meriton is established as a prominent HVAC manufacturer representative company. Operations are focused on investing in market-leading firms with deep product knowledge and industry expertise. Support is provided through a shared services model, including accounting, finance, human resources, risk management, technology, safety, development, and marketing. Growth is facilitated for subsidiaries across the United States by offering capital and resources to accelerate their trajectory in the HVAC sector.
Who are the top competitors of Meriton?
Meriton's top competitors include Tejas Networks, Mavenir and Actelis.
What products or services does Meriton offer?
Meriton offers HVAC Representation.
How many acquisitions has Meriton made?
Meriton has made 2 acquisitions, including Air Equipment, and Mahin Network.
Who are Meriton's investors?
Meriton has 9 investors. Key investors include Royal Bank of Canada, Desjardins, Xtera, Nomura, and Sierra Ventures.