About Polar
Polar is a company based in Kempele (Finland) founded in 1977. It operates as a Direct-to-Consumer (D2C). Polar offers products and services including Heart Rate Monitors, Fitness Trackers, and Sports Watches. Polar operates in a competitive market with competitors including Fitbit and K-MOTION, among others.
- Headquarter Kempele, Finland
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Sectors
HealthcareRetail Technology Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Polar Electro
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$278.79 K (USD), Grant
Sep 01, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Polar
Polar offers a comprehensive portfolio of products and services, including Heart Rate Monitors, Fitness Trackers, and Sports Watches. 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.
Devices for tracking heart rate during activities are provided.
Wearable devices for monitoring fitness metrics are offered.
Watches designed for sports performance tracking are available.
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Funding Insights of Polar
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $278,793
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First Round
First Round
(11 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Grant - Polar | Valuation |
investors |
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| May, 2020 | Amount | Grant - Polar | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - Polar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Polar
Polar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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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 Polar
| 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 - Polar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Polar Comparisons
Competitors of Polar
Polar 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 Fitbit and K-MOTION, 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 |
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
3D motion capture devices are provided for sports performance analysis.
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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 Polar
Frequently Asked Questions about Polar
When was Polar founded?
Polar was founded in 1977 and raised its 1st funding round 40 years after it was founded.
Where is Polar located?
Polar is headquartered in Kempele, Finland. It is registered at Kempele, Pohjois-pohjanmaa, Finland.
What does Polar do?
Fitness technology solutions are developed and distributed by Polar. Focus is placed on heart rate monitors, fitness trackers, and sports watches. These products are designed for individuals seeking to monitor and improve their physical performance. Operations span across multiple regions including Europe, America, Asia Pacific, Africa, and the Middle East. Online shopping experiences are tailored based on user location.
What products or services does Polar offer?
Polar offers Heart Rate Monitors, Fitness Trackers, and Sports Watches.
Who are Polar's investors?
Polar has 1 investor. Key investors include European Union.
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