About Polytech
Polytech is a company based in Herning (Denmark) founded in 1994.. Polytech has raised $11.2 million across 6 funding rounds from investors including European Union, Verdane and FSN Capital. Polytech has completed 1 acquisition, including Fos4X. Polytech offers products and services including Lightning Protection Systems, ELLE® Leading Edge Protection, SENACT® Blade Monitoring, Transport Equipment & Solutions, and Subsea Solutions. Polytech operates in a competitive market with competitors including SkySpecs, Clobotics, Fos4X, Eologix-ping and WindESCo, among others.
- Headquarter Herning, Denmark
- Stage Minicorn
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Polytech A/S
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.2 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
European Union
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Polytech
Polytech offers a comprehensive portfolio of products and services, including Lightning Protection Systems, ELLE® Leading Edge Protection, SENACT® Blade Monitoring, Transport Equipment & Solutions, and Subsea Solutions. 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.
Systems to safeguard wind turbines from lightning strikes
Solutions to prevent erosion on wind turbine blades
Technology for tracking wind turbine blade conditions and vibrations
Equipment for safe transport and storage of wind turbine components
Innovative systems for subsea wind energy operations
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Funding Insights of Polytech
Polytech has successfully raised a total of $11.2M across 6 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 6
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Unspecified - Polytech | Valuation | Verdane , FSN Capital |
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| Nov, 2022 | Amount | Unspecified - Polytech | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - Polytech | 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 Polytech
Polytech has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Verdane and FSN Capital. 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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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Founded Year | Domain | Location | |
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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 Polytech
Polytech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fos4X. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of IoT sensors
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Polytech
| 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 |
Polytech Comparisons
Competitors of Polytech
Polytech 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 SkySpecs, Clobotics, Fos4X, Eologix-ping and WindESCo, 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 |
UAV solutions for inspecting hard-to-reach structures are provided.
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| domain | founded_year | HQ Location |
Drone data management and analysis solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of IoT sensors
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| domain | founded_year | HQ Location |
Smart sensor systems for blade health monitoring of wind turbines
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| domain | founded_year | HQ Location |
IoT-enabled sensors for wind turbine efficiency are provided.
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| domain | founded_year | HQ Location |
Autonomous drones for wind turbine inspections are provided.
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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 Polytech
Frequently Asked Questions about Polytech
When was Polytech founded?
Polytech was founded in 1994 and raised its 1st funding round 21 years after it was founded.
Where is Polytech located?
Polytech is headquartered in Herning, Denmark.
Is Polytech a funded company?
Polytech is a funded company, having raised a total of $11.2M across 6 funding rounds to date. The company's 1st funding round was a Grant of $924.14K, raised on Jan 01, 2015.
What does Polytech do?
PolyTech was founded in 1994 in Herning, Denmark, and operates in the wind energy sector. Solutions for lightning protection, leading edge protection, blade monitoring, transport tracking, and subsea applications are offered to wind parks. Operational lifespan extension, yield maximization, uptime assurance, and return on investment improvement are addressed through these systems. Testing, validation, manufacturing, and support services, including training, are provided from dedicated facilities.
Who are the top competitors of Polytech?
Polytech's top competitors include SkySpecs, Fos4X and Eologix-ping.
What products or services does Polytech offer?
Polytech offers Lightning Protection Systems, ELLE® Leading Edge Protection, SENACT® Blade Monitoring, Transport Equipment & Solutions, and Subsea Solutions.
How many acquisitions has Polytech made?
Polytech has made 1 acquisition, including Fos4X.
Who are Polytech's investors?
Polytech has 3 investors. Key investors include European Union, Verdane, and FSN Capital.
What is Polytech's valuation?
The valuation of Polytech is $22.33M as of Nov 2022.
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