About Passportal
Passportal is a company based in Calgary (Canada) founded in 2011 was acquired by N-able in July 2021.. Passportal has raised $500 thousand across 1 funding round from investors including SolarWinds, N-able and Accelerate Fund. Passportal offers products and services including N-central RMM, Cove Data Protection, Passportal, and Adlumin MDR. Passportal operates in a competitive market with competitors including 1Password, Dashlane, Bitwarden, LastPass and Keeper Security, among others.
- Headquarter Calgary, Canada
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Sectors
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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- Legal Name N-Able Solutions Ulc And N-Able Technologies Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
May 10, 2017
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Investors
SolarWinds
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Passportal
Passportal offers a comprehensive portfolio of products and services, including N-central RMM, Cove Data Protection, Passportal, and Adlumin MDR. 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.
Platform for managing complex networks and IT teams.
Cloud-first backup for servers and workstations.
Tool for secure credential storage and automation.
Managed response for endpoint threat detection.
Funding Insights of Passportal
Passportal has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in May 2017. 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 Seed — $500,000
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First Round
First Round
(10 May 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Seed - Passportal | 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 Passportal
Passportal has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include SolarWinds, N-able and Accelerate Fund. 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 funding is offered to Alberta technology companies.
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Founded Year | Domain | Location | |
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Cloud-based monitoring and tracing of hybrid application performance are provided.
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Founded Year | Domain | Location | |
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MSP management solutions are delivered via a cloud-based platform.
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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 Passportal
| 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 - Passportal
| 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 |
Passportal Comparisons
Competitors of Passportal
Passportal 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 1Password, Dashlane, Bitwarden, LastPass and Keeper Security, 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 |
Cloud based platform for remote access software
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| domain | founded_year | HQ Location |
Provider of password management and credential security solutions
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| domain | founded_year | HQ Location |
Cloud-enabled password manager is provided for encrypted storage across devices.
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| domain | founded_year | HQ Location |
Cloud-based password management and secure data storage are provided.
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| domain | founded_year | HQ Location |
Web-based password manager solutions are developed for secure password handling.
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| domain | founded_year | HQ Location |
Open-source password manager for secure team collaboration is 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 Passportal
When was Passportal founded?
Passportal was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Passportal located?
Passportal is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Is Passportal a funded company?
Passportal is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on May 10, 2017.
What does Passportal do?
Founded in 2011 in Calgary, Canada, Passportal operates as a cloud-based platform in the IT security sector. Passwords and documentation for clients are stored, managed, and accessed by IT service providers. Services encompass centralized documentation management, self-service password resets, and branded password security delivery. The focus remains on solutions tailored for managed service providers in the technology industry.
Who are the top competitors of Passportal?
What products or services does Passportal offer?
Passportal offers N-central RMM, Cove Data Protection, Passportal, and Adlumin MDR.
Who are Passportal's investors?
Passportal has 3 investors. Key investors include SolarWinds, N-able, and Accelerate Fund.