About Ngenic
Ngenic is a company based in Uppsala (Sweden) founded in 2010 by Olle Lindbom.. Ngenic has raised $1.65 million across 2 funding rounds from investors including Vinnova and Uppsala University Invest. Ngenic offers products and services including Ngenic Tune, Ngenic Track, Tune Highrise, and Gridtuner. Ngenic operates in a competitive market with competitors including ecobee, MRI Software, Savant Systems, Span.IO and Tibber, among others.
- Headquarter Uppsala, Sweden
- Founders Olle Lindbom
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
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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
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EBITDA
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Total Equity Funding
$1.65 M (USD)
in 2 rounds
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Latest Funding Round
$859.67 K (USD), Seed
Apr 26, 2016
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Investors
Vinnova
& 1 more
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Employee Count
Employee Count
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Products & Services of Ngenic
Ngenic offers a comprehensive portfolio of products and services, including Ngenic Tune, Ngenic Track, Tune Highrise, and Gridtuner. 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.
Controls home heating to optimize energy use and reduce costs.
Tracks real-time energy consumption for better management and savings.
Manages energy in large buildings for efficient operations.
Optimizes energy networks to support sustainable practices.
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Funding Insights of Ngenic
Ngenic has successfully raised a total of $1.65M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $859.67 thousand completed in April 2016. 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 2
- Last Round Seed — $859,668
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First Round
First Round
(01 Jun 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Seed - Ngenic | Valuation |
investors |
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| Jun, 2010 | Amount | Seed - Ngenic | 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 Ngenic
Ngenic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Vinnova and Uppsala University Invest. 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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Venture capital funding is provided to Swedish companies across sectors.
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Founded Year | Domain | Location | |
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Early-stage companies from Uppsala University are supported with investments.
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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 Ngenic
| 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 - Ngenic
| 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 |
Ngenic Comparisons
Competitors of Ngenic
Ngenic 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 ecobee, MRI Software, Savant Systems, Span.IO and Tibber, 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 |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Smart home products for security and energy efficiency are provided.
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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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Frequently Asked Questions about Ngenic
When was Ngenic founded?
Ngenic was founded in 2010.
Where is Ngenic located?
Ngenic is headquartered in Uppsala, Sweden. It is registered at Uppsala, Uppsala County, Sweden.
Who is the current CEO of Ngenic?
Bjorn Berg is the current CEO of Ngenic.
Is Ngenic a funded company?
Ngenic is a funded company, having raised a total of $1.65M across 2 funding rounds to date. The company's 1st funding round was a Seed of $792K, raised on Jun 01, 2010.
What does Ngenic do?
Ngenic was founded in 2010 in Uppsala, Sweden, focusing on smart home technology. The Tune system is utilized to regulate indoor temperatures through sensors that detect heat and sunlight, a gateway connected to the cloud, and a control unit integrated with heating systems. Users access monitoring and adjustments via a smartphone application. Operations center on energy-efficient home climate solutions in the residential sector.
What products or services does Ngenic offer?
Ngenic offers Ngenic Tune, Ngenic Track, Tune Highrise, and Gridtuner.
Who are Ngenic's investors?
Ngenic has 2 investors. Key investors include Vinnova, and Uppsala University Invest.
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