About PaintJet
PaintJet is a company based in Nashville (United States) founded in 2020 by Nick Hegeman and Steve Wasilowski.. PaintJet has raised $14.75 million across 2 funding rounds from investors including Outsiders Fund, Pathbreaker Ventures and MetaProp. PaintJet offers products and services including PaintJet Robot, New Construction Paint Service, and Repaint and Maintenance Service. PaintJet operates in a competitive market with competitors including HausBots, Endless Robotics, Vividobots, Les Companions and Inverse Technology, among others.
- Headquarter Nashville, United States
- Founders Nick Hegeman, Steve Wasilowski
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing
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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
$14.75 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 21, 2023
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Investors
Outsiders Fund
& 6 more
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Employee Count
Employee Count
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Products & Services of PaintJet
PaintJet offers a comprehensive portfolio of products and services, including PaintJet Robot, New Construction Paint Service, and Repaint and Maintenance Service. 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.
Provides precise painting for buildings using AI technology.
Delivers initial coatings for new builds to ensure durability.
Handles repaints to extend asset lifecycle and protect surfaces.
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Funding Insights of PaintJet
PaintJet has successfully raised a total of $14.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2023. 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 Series A — $10.0M
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First Round
First Round
(27 Oct 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - PaintJet | Valuation | Outsiders Fund | |
| Oct, 2022 | Amount | Seed - PaintJet | Valuation | Dynamo |
| 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 PaintJet
PaintJet has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Outsiders Fund, Pathbreaker Ventures and MetaProp. 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 VC firm focused on disruptive industry founders.
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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VSC Ventures is focused on backing early-stage founders with storytelling.
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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 PaintJet
| 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 - PaintJet
| 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 |
Paintjet Comparisons
Competitors of PaintJet
PaintJet 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 HausBots, Endless Robotics, Vividobots, Les Companions and Inverse Technology, 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 |
Wall-climbing robots for painting and inspection are provided.
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| domain | founded_year | HQ Location |
Delivers robotic solutions tailored for the decorative painting industry.
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| domain | founded_year | HQ Location |
Technology company that offers industrial automation and medical robotics solutions
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| domain | founded_year | HQ Location |
Robotic assistants for painters' sanding and painting tasks are developed.
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| domain | founded_year | HQ Location |
High-altitude spraying robots for building construction are developed.
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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 Paintjet
Frequently Asked Questions about PaintJet
When was PaintJet founded?
PaintJet was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is PaintJet located?
PaintJet is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Who is the current CEO of PaintJet?
Nick Hegeman is the current CEO of PaintJet. They have also founded this company.
Is PaintJet a funded company?
PaintJet is a funded company, having raised a total of $14.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.75M, raised on Oct 27, 2022.
What does PaintJet do?
PaintJet was founded in 2020 and is headquartered in Nashville, United States. Robotic solutions powered by AI are offered for the wall-coating process within the construction and maintenance sector. These solutions address corrosion prevention, safety enhancements, and productivity gains. Operations focus on automating painting tasks to support industrial applications across various sites.
Who are the top competitors of PaintJet?
PaintJet's top competitors include Vividobots, HausBots and Endless Robotics.
What products or services does PaintJet offer?
PaintJet offers PaintJet Robot, New Construction Paint Service, and Repaint and Maintenance Service.
Who are PaintJet's investors?
PaintJet has 7 investors. Key investors include Outsiders Fund, Pathbreaker Ventures, MetaProp, VSC Ventures, and Dynamo Ventures.