About Reeco
Reeco is a company based in Caersws (United Kingdom) founded in 2016 by Llewelyn Rees. Reeco has raised $23.89 thousand across 1 funding round from investors including Welsh Government. The company has 13 employees as of August 31, 2020. Reeco offers products and services including Palletising, Case Packing, Autonomous Transport, Conveyors, and Vibratory Bowl Feeders. Reeco operates in a competitive market with competitors including BOBST, Millwood, Dantex, Summit Packaging Systems and Rocket Industrial, among others.
- Headquarter Caersws, United Kingdom
- Employees 13 as on 31 Aug, 2020
- Founders Llewelyn Rees
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Sectors
Industrial Goods & Manufacturing
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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 Reeco Automation Ltd
- Date of Incorporation 24 Aug, 2016
- Jurisdiction NEWTOWN, POWYS
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.89 K (USD)
in 1 rounds
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Latest Funding Round
$23.89 K (USD), Seed
Feb 15, 2018
- Investors
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Employee Count
13
as on Aug 31, 2020
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Products & Services of Reeco
Reeco offers a comprehensive portfolio of products and services, including Palletising, Case Packing, Autonomous Transport, Conveyors, and Vibratory Bowl Feeders.
Automated system for efficient palletising of products in manufacturing
Equipment for reliable packing of boxes and trays at high speeds
AMRs for safe autonomous movement of loaded pallets
Customisable systems to connect production line stages
Devices for orienting and feeding components in automation
Machines for creating and preparing boxes for packing
Funding Insights of Reeco
Reeco has successfully raised a total of $23.89K through 1 strategic funding round. The most recent funding activity was a Seed round of $23.89 thousand completed in February 2018. 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 1
- Last Round Seed — $23,886
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First Round
First Round
(15 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Seed - Reeco | Valuation |
investors |
Investors in Reeco
Reeco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Welsh Government.
| Investor | Description | Founded Year | Domain | Location |
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Government services for Wales are delivered through public administration.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reeco
Financial Statements - Reeco
Reeco Comparisons
Competitors of Reeco
Reeco 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 BOBST, Millwood, Dantex, Summit Packaging Systems and Rocket Industrial, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Distributor of printing & laminating machines and services to packaging and label manufacturers
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| domain | founded_year | HQ Location |
Distributes pallets, lumber, crates, and other building products.
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| domain | founded_year | HQ Location |
Water wash photopolymer plates and processing equipment are supplied.
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| domain | founded_year | HQ Location |
Global supplier of aerosol valves and actuators for packaging industries.
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| domain | founded_year | HQ Location |
Provides packaging solutions, equipment, materials, and services for industrial sectors.
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Latest news on Reeco
Frequently Asked Questions about Reeco
Reeco was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Reeco is headquartered in Caersws, United Kingdom. It is registered at Caersws, Powys, United Kingdom.
Reeco is a funded company, having raised a total of $23.89K across 1 funding round to date. The company's 1st funding round was a Seed of $23.89K, raised on Feb 15, 2018.
As of Aug 31, 2020, the latest employee count at Reeco is 13.
Reeco was founded in 2016 by Llewelyn Rees, who serves as managing director. The company operates in the automation sector, focusing on human-robot collaboration (HRC) and cobot systems. Services include the supply and integration of these technologies for industrial applications. Based in Caersws, United Kingdom, operations emphasize collaborative robotics to enhance manufacturing processes without direct replication of existing descriptions.
Reeco's top competitors include BOBST, Dantex and Alternative Packaging Solutions.
Reeco offers Palletising, Case Packing, Autonomous Transport, Conveyors, and 2 more products and services.
Reeco has 1 investor. Key investors include Welsh Government.