About Nitro
Nitro is a company based in Antwerp (Belgium) founded in 2014 was acquired by Nitro in November 2021. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Nitro has raised $5.06 million across 1 funding round from investors including Nitro, Pamica and Erik Dralans. The company has 34 employees as of December 31, 2021. Nitro offers products and services including Nitro PDF, Nitro Sign, and Nitro Identity. Nitro operates in a competitive market with competitors including Box, Acquia, M-Files, PandaDoc and Nuxeo, among others.
- Headquarter Antwerp, Belgium
- Employees 34 as on 31 Dec, 2021
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nitro Software, Inc.
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Annual Revenue
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Net Profit
$-2.32 K (USD)2as on Mar 31, 2021
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EBITDA
$-2.41 K (USD)5as on Mar 31, 2021
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Total Equity Funding
$5.06 M (USD)
in 1 rounds
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Latest Funding Round
$5.06 M (USD), Angel Round
Sep 16, 2016
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Investors
Nitro
& 3 more
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Employee Count
34
as on Dec 31, 2021
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Acquired by
Nitro
(Nov 10, 2021)
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Products & Services of Nitro
Nitro offers a comprehensive portfolio of products and services, including Nitro PDF, Nitro Sign, and Nitro Identity. 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.
PDF editing and conversion tools are provided for users.
Secure eSigning solutions are offered for document workflows.
User authentication services are delivered for secure transactions.
Funding Insights of Nitro
Nitro has successfully raised a total of $5.06M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $5.06 million completed in September 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 1
- Last Round Angel Round — $5.1M
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First Round
First Round
(16 Sep 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Angel Round - Nitro | Valuation | Erik Dralans , Michel Akkermans |
| 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 Nitro
Nitro has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Nitro, Pamica and Erik Dralans. 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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Founded Year | Domain | Location | |
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ED
Erik Dralans |
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Founded Year | Domain | Location |
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MA
Michel Akkermans |
Belgian investor, founder of Clear2Pay, active in Indian fintech startups
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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 Nitro
| 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 - Nitro
| 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 |
Nitro Comparisons
Competitors of Nitro
Nitro 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 Box, Acquia, M-Files, PandaDoc and Nuxeo, 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 |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Documents are managed and automated for enterprise knowledge work.
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| domain | founded_year | HQ Location |
Document workflows are automated and managed for sales teams.
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| domain | founded_year | HQ Location |
An open source platform for content management applications is provided.
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| domain | founded_year | HQ Location |
Automattic is engaged in developing web and messaging solutions.
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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 Nitro
Frequently Asked Questions about Nitro
When was Nitro founded?
Nitro was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Nitro located?
Nitro is headquartered in Antwerp, Belgium.
Is Nitro a funded company?
Nitro is a funded company, having raised a total of $5.06M across 1 funding round to date. The company's 1st funding round was a Angel Round of $5.06M, raised on Sep 16, 2016.
How many employees does Nitro have?
As of Dec 31, 2021, the latest employee count at Nitro is 34.
What does Nitro do?
Nitro is engaged in developing PDF editing and eSignature software solutions. The company serves various sectors including real estate, healthcare, manufacturing, energy, finance, education, insurance, and government. Its offerings include Nitro PDF for document editing and conversion, Nitro Sign for secure electronic signing, and Nitro Identity for user authentication. Solutions are tailored for enterprises, small businesses, individual professionals, students, and personal use, with a focus on automation, security, and compliance with global standards like eIDAS and UETA.
What products or services does Nitro offer?
Nitro offers Nitro PDF, Nitro Sign, and Nitro Identity.
Who are Nitro's investors?
Nitro has 4 investors. Key investors include Nitro, Pamica, Erik Dralans, and Michel Akkermans.
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