About Saitec
Saitec is a company based in Getxo (Spain) founded in 1988.. Saitec has raised $2.9 million across 9 funding rounds from investors including European Union and EIC Fund. Saitec operates in a competitive market with competitors including Balfour Beatty, Afcons, Legrand, Sdiptech and L.B. Foster, among others.
- Headquarter Getxo, Spain
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.9 M (USD)
in 9 rounds
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Latest Funding Round
$278.99 K (USD), Grant
Jan 01, 2024
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Funding Insights of Saitec
Saitec has successfully raised a total of $2.9M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $278.99 thousand completed in January 2024. 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 9
- Last Round Grant — $278,985
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First Round
First Round
(02 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Grant - Saitec | Valuation |
investors |
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| Oct, 2021 | Amount | Grant - Saitec | Valuation |
investors |
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| Nov, 2020 | Amount | Unspecified - Saitec | Valuation | European Union |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Saitec
Saitec has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and EIC Fund. 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 agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Saitec
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Saitec
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saitec Comparisons
Competitors of Saitec
Saitec 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 Balfour Beatty, Afcons, Legrand, Sdiptech and L.B. Foster, 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 |
Infrastructure financing, construction, and support services are provided globally.
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| domain | founded_year | HQ Location |
Developer of oil & gas, underground, and urban infrastructure
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| domain | founded_year | HQ Location |
Electrical and digital solutions for building infrastructures are provided.
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| domain | founded_year | HQ Location |
Sustainable infrastructure development services are provided globally.
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| domain | founded_year | HQ Location |
Manufacturer & fabricator of products and services for the rail, construction, energy and utility markets
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| domain | founded_year | HQ Location |
Infrastructure development services are provided across various sites.
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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 Saitec
Frequently Asked Questions about Saitec
When was Saitec founded?
Saitec was founded in 1988 and raised its 1st funding round 29 years after it was founded.
Where is Saitec located?
Saitec is headquartered in Getxo, Spain. It is registered at Getxo, Basque Autonomous Community, Spain.
Who is the current CEO of Saitec?
Alberto Tobalina is the current CEO of Saitec.
Is Saitec a funded company?
Saitec is a funded company, having raised a total of $2.9M across 9 funding rounds to date. The company's 1st funding round was a Unspecified of $2.9M, raised on Jan 02, 2017.
What does Saitec do?
Saitec was established in 1988 in Getxo, Spain, within the construction and urban development sector. Infrastructure projects are developed, town planning initiatives are managed, and architectural designs are created for various clients. Operations focus on integrated services for urban and infrastructural needs, primarily serving regional and national markets in Spain. The company is led by CEO Alberto Tobalina, with a domain at saitec.es for online presence.
Who are the top competitors of Saitec?
Saitec's top competitors include Legrand, Hercules Site Services and Afcons.
Who are Saitec's investors?
Saitec has 2 investors. Key investors include European Union, and EIC Fund.