About Nuvolo Technologies
Nuvolo Technologies is a company based in Paramus (United States) founded in 2013 by Tom Stanford was acquired by Trane Technologies in October 2023.. Nuvolo Technologies has raised $56.09 million across 6 funding rounds from investors including ServiceNow, Trane Technologies and Mayo Clinic. The company has 56 employees as of April 07, 2024. Nuvolo Technologies operates in a competitive market with competitors including Accruent, Envoy, Danfoss, Landis+Gyr and MRI Software, among others.
- Headquarter Paramus, United States
- Employees 56 as on 07 Apr, 2024
- Founders Tom Stanford
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nuvolo Technologies India Private Limited
- Date of Incorporation 21 Jan, 2015
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$1.85 M (USD)-40.58as on Mar 31, 2023
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Net Profit
$108.09 K (USD)-47.92as on Mar 31, 2023
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EBITDA
$214.42 K (USD)-37.7as on Mar 31, 2023
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Total Equity Funding
$56.09 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Series C
Jun 10, 2021
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Investors
ServiceNow
& 8 more
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Employee Count
56
as on Apr 07, 2024
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Acquired by
Trane Technologies
(Oct 02, 2023)
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Funding Insights of Nuvolo Technologies
Nuvolo Technologies has successfully raised a total of $56.09M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $1 million completed in June 2021. 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 6
- Last Round Series C — $1.0M
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First Round
First Round
(22 Nov 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Nuvolo Technologies | Valuation | Mayo Clinic |
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| Feb, 2021 | Amount | Series C - Nuvolo Technologies | Valuation | Insight Partners | |
| May, 2019 | Amount | Series B - Nuvolo Technologies | Valuation | Kaiser Permanente Ventures |
| 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 Nuvolo Technologies
Nuvolo Technologies has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include ServiceNow, Trane Technologies and Mayo Clinic. 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 firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Tech and Life Sciences focused corporate VC firm investing in the US
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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 Nuvolo Technologies
| 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 - Nuvolo Technologies
| 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 |
Nuvolo Technologies Comparisons
Competitors of Nuvolo Technologies
Nuvolo Technologies 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 Accruent, Envoy, Danfoss, Landis+Gyr and MRI Software, 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 |
SaaS-driven IWMS solutions are provided for construction and facilities management.
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| domain | founded_year | HQ Location |
Envoy is recognized for providing workplace management solutions.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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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 |
Provider of solutions for energy monitoring for residential building
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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 Nuvolo Technologies
Frequently Asked Questions about Nuvolo Technologies
When was Nuvolo Technologies founded?
Nuvolo Technologies was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Nuvolo Technologies located?
Nuvolo Technologies is headquartered in Paramus, United States. It is registered at Paramus, New Jersey, United States.
Who is the current CEO of Nuvolo Technologies?
Tom Stanford is the current CEO of Nuvolo Technologies. They have also founded this company.
Is Nuvolo Technologies a funded company?
Nuvolo Technologies is a funded company, having raised a total of $56.09M across 6 funding rounds to date. The company's 1st funding round was a Series B of $12.09M, raised on Nov 22, 2015.
How many employees does Nuvolo Technologies have?
As of Apr 07, 2024, the latest employee count at Nuvolo Technologies is 56.
What is the annual revenue of Nuvolo Technologies?
Annual revenue of Nuvolo Technologies is $1.85M as on Mar 31, 2023.
What does Nuvolo Technologies do?
Nuvolo Technologies was founded in 2013 and is headquartered in Paramus, United States. Operations focus on the software sector, where cloud-based platforms are developed for workplace management. Solutions encompass maintenance, space, operations, projects, and sustainability management. These tools are utilized by organizations to handle connected environments across various functions. The domain nuvolo.com supports online access to these services.
Who are the top competitors of Nuvolo Technologies?
Nuvolo Technologies's top competitors include Envoy, Landis+Gyr and Danfoss.
Who are Nuvolo Technologies's investors?
Nuvolo Technologies has 9 investors. Key investors include ServiceNow, Trane Technologies, Mayo Clinic, General Electric, and Lighter Capital.
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