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
Locked
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Website
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Social
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- Legal Name Qt India Technology Private Limited
- Date of Incorporation 06 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$217.19 M (USD)15.67as on Dec 31, 2024
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Net Profit
$59.54 M (USD)61.65as on Dec 31, 2024
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EBITDA
$77.51 M (USD)28.23as on Dec 31, 2024
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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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People of Qt Group
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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
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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.
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.
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Venture capital investments in technology startups and entrepreneurs.
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Early-stage startups are funded by Northzone venture capital.
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Investor details for Qt Group
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Investments & Acquisitions by Qt Group
Qt Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Axivion and Froglogic.
Investment portfolio details for Qt Group
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- Portfolio identities
- Transaction dates
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- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of IT service suite solutions
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Cross-platform GUI test automation tools are developed and offered.
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Complete acquisition details for Qt Group
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Financial Statements - Qt Group
Detailed financials for Qt Group
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- Profit trends
- Statement rows
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Qt Group Comparisons
Peer comparison for Qt Group
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Collaborative platform for design prototyping and feedback is provided.
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IDE-based software is provided for application development and management.
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Cross-platform application development tools are provided by Xamarin.
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AI powered application development platform
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IDE based app development platform
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Interactive prototypes for digital products are built without coding.
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Detailed competitors of Qt Group
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- Full company profiles
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- Competitive positioning
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Latest news on Qt Group
Complete news archive for Qt Group
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- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Qt Group
Qt Group was founded in 1995 and raised its 1st funding round 10 years after it was founded.
Qt Group is headquartered in Helsinki, Finland.
Juha Varelius is the current CEO of Qt Group.
Qt Group is a funded company, having raised a total of $6.7M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Qt Group is 19.
Annual revenue of Qt Group is $217.19M as on Dec 31, 2024.
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.
Qt Group has 6 investors. Key investors include Nokia, Digia, European Union, Index Ventures, and TeknoInvest.