About Rototec Group
Rototec Group is an Energy & Utilities company based in Scandinavia (United States) founded in 2007, and was acquired by Formica in May 2021. It operates as a HVAC installation and repair services are provided globally. Its chief executive is Alexej Von Bagh. Rototec Group offers products and services including Geoenergy Fields and Consulting Services. Its focus areas include Energy and Services for Energy Efficiency.
Company details
Rototec Group was founded in 2007 as a provider of HVAC system installation and repair services. Operations are conducted in Scandinavia and the United States, focusing on the heating, ventilation, and air conditioning sector. Services encompass system setup, maintenance, and troubleshooting for commercial and residential clients. The company is led by CEO Alexej Von Bagh, with activities centered on reliable infrastructure support across its regions.
- Headquarters Scandinavia, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website rototecgroup.com
- Social LinkedIn
- Acquired by Formica (May 2021)
- Legal Name Rototec Group
- Latest Funding Round$200.51K (USD), Grant
Jan 2023
- InvestorsEuropean Union
& 1 more
- Acquired byFormica
(May 2021)
Products & Services of Rototec Group
Rototec Group offers a comprehensive portfolio of products and services, including Geoenergy Fields and Consulting Services.
Geoenergy fields for ground source heating and cooling are delivered, particularly for large properties and industries
Consulting services for geoenergy projects are provided, including preliminary studies and project planning
Funding Insights of Rototec Group
- Total Rounds 1
- Last Round Grant — $200,515
- First Round $200,515
(Jan 2023)
- Investors Count 1
All 1 funding rounds of Rototec Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $200,515 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Rototec Group
Rototec Group has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Formica.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in multiple sectors | – | formicacapital.se | Gothenburg, Sweden | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Rototec Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Rototec Group
15 people are tracked at Rototec Group (6 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Alexej Von Bagh | CEO | Leadership |
Niina Ryymin | Chief Accountant | Leadership |
Mikko Ojanne | Interim CEO and Co-founder | Leadership |
Hannu Karp | Director, Business & Technology Development And ESG | Leadership |
Vesa Sinisalo | Managing Director | Leadership |
Jaakko Jokitalo | Key Account Director | Leadership |
Matti Pajunen | Manager, Business And Technology Development | Team |
Karl Malmberg | Geoenergy Designer | Team |
Jussi Polso | Project Management Officer | Team |
Nico Heiskanen | Production Coordinator | Team |
Jesper Printz | Projektledare | Team |
Johan Bergmark | Area Manager | Team |
Julius Pigg | Geoenergy Designer | Team |
Gerson Silva | Geoenergy Consultant | Team |
Carl Oskar Nordstrand | Project Manager | Team |
Complete people profiles for Rototec Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Rototec Group
3 dated milestones of Rototec Group across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Rototec Group is founded.
- Exit Acquired by Formica.
- Funding First funding round of $201K.
Top companies in Energy Efficiency Solutions
10 companies that operate in the same segment as Rototec Group (Energy Efficiency Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 257.69 M | USD 1.25 B | 3,191 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
IoT and SaaS solutions for building energy management are provided. | 2011 | Munchen, Bayern, Germany | USD 245.02 M | USD 715.19 K | 201 | |
Provider of smart energy management solutions | 2013 | Sunnyvale, California, United States | USD 534.75 M | – | 204 | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.01 B | USD 101.33 M | 410 | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 |
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Frequently Asked Questions about Rototec Group
Rototec Group was founded in 2007 and raised its 1st funding round 16 years after it was founded.
Rototec Group is headquartered in Scandinavia, United States. It is registered at Scandinavia, Wisconsin, United States.
Alexej Von Bagh is the current CEO of Rototec Group.
Rototec Group was founded in 2007 as a provider of HVAC system installation and repair services. Operations are conducted in Scandinavia and the United States, focusing on the heating, ventilation, and air conditioning sector. Services encompass system setup, maintenance, and troubleshooting for commercial and residential clients. The company is led by CEO Alexej Von Bagh, with activities centered on reliable infrastructure support across its regions.
Rototec Group offers Geoenergy Fields and Consulting Services.
Rototec Group has 2 investors. Key investors include European Union, and Formica.
Rototec Group operates through Rototec Group.
Yes. Rototec Group was acquired by Formica in May 2021.