About Proemion
Proemion is a company based in Fulda (Germany) founded in 1987 was acquired by Battery Ventures in February 2023. Proemion has raised $33.02 million across 1 funding round from investors including Battery Ventures. Proemion has completed 1 acquisition, including TrendMiner. Proemion operates in a competitive market with competitors including Carnot, MachineMax, Future Fleet, DPL Telematics and HED, among others.
- Headquarter Fulda, Germany
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$33.02 M (USD)
in 1 rounds
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Latest Funding Round
$33.02 M (USD), Series C
Oct 24, 2022
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Battery Ventures
(Feb 21, 2023)
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People of Proemion
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Funding Insights of Proemion
Proemion has successfully raised a total of $33.02M through 1 strategic funding round. The most recent funding activity was a Series C round of $33.02 million completed in October 2022. 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.
Investors in Proemion
Proemion has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Battery Ventures.
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Investments in technology companies are conducted globally by Battery Ventures.
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Investor details for Proemion
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Investments & Acquisitions by Proemion
Proemion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TrendMiner.
Investment portfolio details for Proemion
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Big data analytics software is offered for industrial processes.
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Complete acquisition details for Proemion
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Financial Statements - Proemion
Detailed financials for Proemion
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Proemion Comparisons
Peer comparison for Proemion
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Competitors of Proemion
Proemion 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 Carnot, MachineMax, Future Fleet, DPL Telematics and HED, among others.
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Farm analytics and tractor telematics solutions are provided for agriculture.
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A cloud-based platform for managing industrial equipment is offered.
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Fleet tracking and management solutions are provided to businesses.
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Offers GPS tracking and monitoring solutions for industrial sectors including construction and mining.
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Provides electronic controls and telematics systems for on- and off-highway vehicles.
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Detailed competitors of Proemion
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Latest news on Proemion
Complete news archive for Proemion
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Frequently Asked Questions about Proemion
Proemion was founded in 1987 and raised its 1st funding round 35 years after it was founded.
Proemion is headquartered in Fulda, Germany. It is registered at Fulda, Hesse, Germany.
Robert Michaelides is the current CEO of Proemion.
Proemion is a funded company, having raised a total of $33.02M across 1 funding round to date.
Proemion was founded in 1987 in Fulda, Germany, and operates in the telematics sector. Embedded systems and cloud-based services are supplied for off-highway fleet management, including GPS-based position tracking, remote diagnostics, and access to vehicle data. CAN-based telemetry from industrial machinery is transmitted and analyzed to support efficiency improvements. A cloud platform is also offered for developers and service providers to create tailored solutions.
Proemion's top competitors include Carnot, MachineMax and Sure-Track.
Proemion has made 1 acquisition, including TrendMiner.
Proemion has 1 investor. Key investors include Battery Ventures.