About ProGlove
ProGlove is a company based in Munchen (Germany) founded in 2014 by Jonas Girardet, Thomas Kirchner, and Paul Gunther was acquired by Nordic Capital in May 2022.. ProGlove has raised $49.06 million across 6 funding rounds from investors including Intel, Summit Partners and GETTYLAB. ProGlove offers products and services including MARK Display, MARK 3, INSIGHT Analytics, and MAI. ProGlove operates in a competitive market with competitors including Scandit, BitRip, Dynamsoft, Barcode Live and Barcode to PC, among others.
- Headquarter Munchen, Germany
- Founders Jonas Girardet, Thomas Kirchner, Paul Gunther
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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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- Legal Name Workaround Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.06 M (USD)
in 6 rounds
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Latest Funding Round
$40 M (USD), Series C
Sep 09, 2019
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Investors
Intel
& 6 more
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Employee Count
Employee Count
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Acquired by
Nordic Capital
(May 04, 2022)
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Products & Services of ProGlove
ProGlove offers a comprehensive portfolio of products and services, including MARK Display, MARK 3, INSIGHT Analytics, and MAI. 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.
Hands-free barcode scanner for efficient warehouse operations
Advanced scanner improving speed and accuracy in manufacturing
Analytics tool for tracking scanning data and productivity
Intelligent wearable for worker guidance and process optimization
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Sales and Marketing
23 people
Software Development Team
9 people
Human Resources and Administration
8 people
Leadership Team
6 people
Channel Team
5 people
Creative and Marketing Team
4 people
Key Team
3 people
Product Management Team
2 people
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Funding Insights of ProGlove
ProGlove has successfully raised a total of $49.06M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in September 2019. 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 Series C — $40.0M
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First Round
First Round
(03 Nov 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Series C - ProGlove | Valuation | Summit Partners |
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| May, 2018 | Amount | Series A - ProGlove | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - ProGlove | Valuation | Intel , GettyLab |
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| 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 ProGlove
ProGlove has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Intel, Summit Partners and GETTYLAB. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Venture capital and private equity are provided by GETTYLAB to technical founders.
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Founded Year | Domain | Location | |
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High-tech industries are targeted for investments by Bayern Kapital.
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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 ProGlove
| 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 - ProGlove
| 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 |
Proglove Comparisons
Competitors of ProGlove
ProGlove 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 Scandit, BitRip, Dynamsoft, Barcode Live and Barcode to PC, 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 |
Provider of SDK for smart data capture from barcodes, files, and IDs
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| domain | founded_year | HQ Location |
Provider of a scannable tape that can store data
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| domain | founded_year | HQ Location |
Offers SDKs for document scanning, barcode reading, and mobile capture solutions.
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| domain | founded_year | HQ Location |
A QR scanning app delivering comprehensive scanning solutions.
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| domain | founded_year | HQ Location |
Software for scanning barcodes, exporting data, and automating operations in industries.
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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 Proglove
Frequently Asked Questions about ProGlove
When was ProGlove founded?
ProGlove was founded in 2014.
Where is ProGlove located?
ProGlove is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is ProGlove a funded company?
ProGlove is a funded company, having raised a total of $49.06M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.2M, raised on Nov 03, 2014.
What does ProGlove do?
Manufacturer of a wearable and wireless barcode scanner. It connects industrial workers with the Internet of Things and provides management tools to supply the required data. Some of the features include support of 1D and 2D barcodes, real-time user feedback, a longer battery life, and a longer scanning range and radio range. The device can be integrated into standard hand gloves in three ways namely on the side of the index finger, in the palm of the hand by middle or ring finger, and between thumb and forefinger. Use cases are in the areas of picking, assembly, staging, and packing. The target industry verticals include aviation, automotive, manufacturing, retail, logistics, among others.
Who are the top competitors of ProGlove?
What products or services does ProGlove offer?
ProGlove offers MARK Display, MARK 3, INSIGHT Analytics, and MAI.
Who are ProGlove's investors?
ProGlove has 7 investors. Key investors include Intel, Summit Partners, GETTYLAB, Bayern Kapital, and Capmont.
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