About Qt Group
Qt Group is a company based in Helsinki (Finland) founded in 1995 was acquired by Digia in August 2012.. Qt Group has raised $6.7 million across 2 funding rounds from investors including Nokia, Digia and European Union. The company has 19 employees as of April 05, 2024. Qt Group has completed 2 acquisitions, including Axivion and Froglogic. Qt Group operates in a competitive market with competitors including Figma, Progress, Xamarin, Replit and Azul Systems, among others.
- Headquarter Helsinki, Finland
- Employees 19 as on 05 Apr, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Qt India Technology Private Limited
- Date of Incorporation 06 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$985.49 K (USD)124.9as on Mar 31, 2023
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Net Profit
$133.41 K (USD)213.17as on Mar 31, 2023
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EBITDA
$186.67 K (USD)215.4as on Mar 31, 2023
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Total Equity Funding
$6.7 M (USD)
in 2 rounds
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Latest Funding Round
$312.62 K (USD), Grant
Jan 01, 2017
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Investors
Nokia
& 5 more
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Employee Count
19
as on Apr 05, 2024
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Investments & Acquisitions
Axivion
& 1 more
- Acquired by
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Sales and Marketing
41 people
Senior Team
31 people
Software Development Team
30 people
Leadership Team
26 people
Human Resources and Administration
17 people
Creative and Marketing Team
10 people
Product Management Team
9 people
R Team
5 people
Unlock access to complete
Funding Insights of Qt Group
Qt Group has successfully raised a total of $6.7M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $312.62 thousand completed in January 2017. 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 2
- Last Round Grant — $312,619
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First Round
First Round
(23 May 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Grant - Qt Group | Valuation |
investors |
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| May, 2005 | Amount | Series B - Qt Group | Valuation | Index Ventures |
| 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 Qt Group
Qt Group has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Nokia, Digia and 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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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 Qt Group
Qt Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Axivion and Froglogic. 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 IT service suite solutions
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2006 | ||||
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Cross-platform GUI test automation tools are developed and offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - Qt Group
| 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 |
Qt Group Comparisons
Competitors of Qt Group
Qt Group 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 Figma, Progress, Xamarin, Replit and Azul Systems, 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 |
Collaborative platform for design prototyping and feedback is provided.
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| domain | founded_year | HQ Location |
IDE-based software is provided for application development and management.
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| domain | founded_year | HQ Location |
Cross-platform application development tools are provided by Xamarin.
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| domain | founded_year | HQ Location |
AI powered application development platform
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| domain | founded_year | HQ Location |
IDE based app development platform
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| domain | founded_year | HQ Location |
Interactive prototypes for digital products are built without coding.
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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 Qt Group
Frequently Asked Questions about Qt Group
When was Qt Group founded?
Qt Group was founded in 1995 and raised its 1st funding round 10 years after it was founded.
Where is Qt Group located?
Qt Group is headquartered in Helsinki, Finland.
Who is the current CEO of Qt Group?
Juha Varelius is the current CEO of Qt Group.
Is Qt Group a funded company?
Qt Group is a funded company, having raised a total of $6.7M across 2 funding rounds to date. The company's 1st funding round was a Series B of $6.7M, raised on May 23, 2005.
How many employees does Qt Group have?
As of Apr 05, 2024, the latest employee count at Qt Group is 19.
What is the annual revenue of Qt Group?
Annual revenue of Qt Group is $985.49K as on Mar 31, 2023.
What does Qt Group do?
Founded in 1995 and headquartered in Helsinki, Finland, Qt Group operates in the software development sector. An application framework is provided to enable open-source and commercial developers to create user interfaces and applications for desktop operating systems, embedded Linux, and Windows-based consumer electronics. Support, maintenance, and training services are also offered to users worldwide.
Who are the top competitors of Qt Group?
How many acquisitions has Qt Group made?
Who are Qt Group's investors?
Qt Group has 6 investors. Key investors include Nokia, Digia, European Union, Index Ventures, and TeknoInvest.
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