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. 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.
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 |
| 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 Reeco
Reeco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Welsh Government. 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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Government services for Wales are delivered through public administration.
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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 Reeco
| 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 - Reeco
| 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 |
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. 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 |
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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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Reeco
When was Reeco founded?
Reeco was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Reeco located?
Reeco is headquartered in Caersws, United Kingdom. It is registered at Caersws, Powys, United Kingdom.
Is Reeco a funded company?
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.
How many employees does Reeco have?
As of Aug 31, 2020, the latest employee count at Reeco is 13.
What does Reeco do?
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.
Who are the top competitors of Reeco?
Reeco's top competitors include BOBST, Dantex and Alternative Packaging Solutions.
What products or services does Reeco offer?
Reeco offers Palletising, Case Packing, Autonomous Transport, Conveyors, and 2 more products and services.
Who are Reeco's investors?
Reeco has 1 investor. Key investors include Welsh Government.
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