About Preem
Preem is a company based in Stockholm (Sweden) founded in 1994. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Preem has completed 1 acquisition, including SunCarbon. Preem offers products and services including Renewable Diesel (HVO100), Fuel Cards, and Electric Vehicle Charging. Preem operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter Stockholm, Sweden
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Preem Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$314.35 M (USD), Debt – Conventional
Apr 25, 2022
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Investors
Svensk Exportkredit
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
N/A
(Jun 14, 2017)
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Products & Services of Preem
Preem offers a comprehensive portfolio of products and services, including Renewable Diesel (HVO100), Fuel Cards, and Electric Vehicle Charging. 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.
Renewable diesel is produced with zero fossil oil.
Fuel cards are offered for business and private use.
Charging services are provided for electric vehicle owners.
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Software Development Team
40 people
Sales and Marketing
23 people
Key Team
18 people
Human Resources and Administration
14 people
Product Management Team
14 people
Head Team
13 people
Process Team
9 people
Business Team
7 people
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Funding Insights of Preem
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $314.4M
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First Round
First Round
(25 Apr 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Debt – Conventional - Preem | 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 Preem
Preem has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Svensk Exportkredit and Kosan Gas. 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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Consumer and business loans are provided by SEK in Sweden.
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Founded Year | Domain | Location | |
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Kosan Gas is engaged in providing LPG energy solutions.
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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 Preem
Preem has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SunCarbon. 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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Bio-energy projects are developed and managed in Sweden since 2014.
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2014 |
| 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 - Preem
| 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 |
Preem Comparisons
Competitors of Preem
Preem 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 Shell, Dominion Energy, Eni Next, Gazprom and Suncor, 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 |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| domain | founded_year | HQ Location |
Oil sands development, exploration, production, and refining are conducted.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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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 Preem
Frequently Asked Questions about Preem
When was Preem founded?
Preem was founded in 1994 and raised its 1st funding round 28 years after it was founded.
Where is Preem located?
Preem is headquartered in Stockholm, Sweden.
What does Preem do?
Preem is established as Swedens leading fuel company, focusing on the distribution of fuels, including renewable diesel. Operations are conducted in the energy sector, with a commitment to sustainability through products like Svanen-labeled HVO100 diesel. Services such as electric vehicle charging and fuel cards are provided for both private and business customers. Stations across Sweden offer additional amenities like car washes, food, and beverages. A transition to a climate-neutral value chain by 2035 is being pursued, covering raw material sourcing, production, and sales.
Who are the top competitors of Preem?
Preem's top competitors include Dominion Energy, Shell and Uniper.
What products or services does Preem offer?
Preem offers Renewable Diesel (HVO100), Fuel Cards, and Electric Vehicle Charging.
How many acquisitions has Preem made?
Preem has made 1 acquisition, including SunCarbon.
Who are Preem's investors?
Preem has 2 investors. Key investors include Svensk Exportkredit, and Kosan Gas.