About NORCAN
NORCAN is a company based in Haguenau (France) founded in 1987 by Marie-Jose Lambla, Paul Hannes, and Jean Victor.. NORCAN has raised $7.97 million across 3 funding rounds from investors including Siparex, European Union and Capital Grand Est. NORCAN offers products and services including MySystem, MyApplications, MySolutions, and Constructions Aluminium. NORCAN operates in a competitive market with competitors including Central Conveyor, Vega Conveyors and Automation, Compass Systems, BloApCo and Miven Mayfran Conveyors, among others.
- Headquarter Haguenau, France
- Founders Marie-Jose Lambla, Paul Hannes, Jean Victor
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Norcan France
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.97 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Siparex
& 2 more
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Employee Count
Employee Count
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Products & Services of NORCAN
NORCAN offers a comprehensive portfolio of products and services, including MySystem, MyApplications, MySolutions, and Constructions Aluminium. 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.
Modular mechanical solutions for industrial applications and productivity enhancement.
Tailored applications for client-specific needs in manufacturing and logistics.
Integrated key-in-hand innovations for ergonomics and safety in various sectors.
Aluminum-based constructions for robust and modular industrial setups.
Funding Insights of NORCAN
NORCAN has successfully raised a total of $7.97M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Grant - NORCAN | Valuation |
investors |
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| Jun, 2015 | Amount | Grant - NORCAN | Valuation |
investors |
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| Jun, 2014 | Amount | Series A - NORCAN | 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 NORCAN
NORCAN has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Siparex, European Union and Capital Grand Est. 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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Investment support is provided to businesses in Grand Est region.
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Founded Year | Domain | Location | |
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Private equity investments are focused on growth stage companies.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 NORCAN
| 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 - NORCAN
| 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 |
Norcan Comparisons
Competitors of NORCAN
NORCAN 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 Central Conveyor, Vega Conveyors and Automation, Compass Systems, BloApCo and Miven Mayfran Conveyors, 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 |
Automated conveyors and material handling systems are manufactured and supplied.
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| domain | founded_year | HQ Location |
Material handling and conveying equipment is manufactured for automation needs.
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| domain | founded_year | HQ Location |
Pneumatic and steel hinged belt material handling solutions are provided.
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| domain | founded_year | HQ Location |
Waste handling and processing systems are manufactured by BloApCo.
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| domain | founded_year | HQ Location |
Manufactures conveyors and filtration systems for industrial chip and scrap handling.
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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 Norcan
Frequently Asked Questions about NORCAN
When was NORCAN founded?
NORCAN was founded in 1987 and raised its 1st funding round 27 years after it was founded.
Where is NORCAN located?
NORCAN is headquartered in Haguenau, France. It is registered at Haguenau, Bas-rhin, France.
Is NORCAN a funded company?
NORCAN is a funded company, having raised a total of $7.97M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.97M, raised on Jun 01, 2014.
What does NORCAN do?
Norcan is a provider of a collaborative robot for material handling named Sherpa. Norcan is also a supplier of machine-assembled custom-built solutions based on aluminum profiles. Sherpa is a mobile robot which can also be used for order picking. Operated in three operating modes follow-me, stand-alone, and fleet management. Available in configurations such as with bin racks, with conveyor, and with towing hook cart. Visualizes maintenance and usage data, controls and optimizes all the assignments. Can carry up to 100kg and tow up to 200kg. Claims to have been awarded the winner of Alsace Innovation 2017.
Who are the top competitors of NORCAN?
NORCAN's top competitors include Vega Conveyors and Automation, Central Conveyor and Ultimation.
What products or services does NORCAN offer?
NORCAN offers MySystem, MyApplications, MySolutions, and Constructions Aluminium.
Who are NORCAN's investors?
NORCAN has 3 investors. Key investors include Siparex, European Union, and Capital Grand Est.