About Seatrec
Seatrec is a company based in Monrovia (United States) founded in 2012.. Seatrec has raised $3.32 million across 5 funding rounds from investors including Pasadena Angels, American Lending Center and Sunstone Management. Seatrec offers products and services including infiniTE™ Float and Underwater Power Stations. Seatrec operates in a competitive market with competitors including Global OTEC, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise, among others.
- Headquarter Monrovia, United States
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Sectors
Energy & Utilities
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Email
***********
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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
$3.32 M (USD)
in 5 rounds
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Latest Funding Round
$1 M (USD), Debt – Conventional
Jan 03, 2024
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Investors
Pasadena Angels
& 8 more
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Employee Count
Employee Count
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Products & Services of Seatrec
Seatrec offers a comprehensive portfolio of products and services, including infiniTE™ Float and Underwater Power Stations. 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.
Energy-harvesting device for frequent ocean profiling and data collection.
Systems providing renewable power for subsea research and applications.
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Funding Insights of Seatrec
Seatrec has successfully raised a total of $3.32M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1 million 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 5
- Last Round Debt – Conventional — $1.0M
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First Round
First Round
(12 Aug 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Debt – Conventional - Seatrec | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Seatrec | Valuation |
investors |
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| Jan, 2020 | Amount | Seed - Seatrec | Valuation | Pasadena Angels |
| 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 Seatrec
Seatrec has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Pasadena Angels, American Lending Center and Sunstone Management. 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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Sunstone Management is engaged in investment and startup support.
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Founded Year | Domain | Location | |
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A Montana-based network of angel investors is operated.
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Founded Year | Domain | Location | |
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Venture capital firm and startup incubator
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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 Seatrec
| 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 - Seatrec
| 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 |
Seatrec Comparisons
Competitors of Seatrec
Seatrec 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 Global OTEC, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise, 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 |
Ocean thermal energy conversion solutions are provided globally.
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| domain | founded_year | HQ Location |
Inshore platform with multi-pump and piston, power takes to generate energy
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| domain | founded_year | HQ Location |
Ocean engineering services for renewables and submarine infrastructure are provided.
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| domain | founded_year | HQ Location |
Marine technologies using OTEC and SWAC for energy are developed.
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| domain | founded_year | HQ Location |
Ocean thermal energy is harnessed for clean power generation.
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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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Latest news on Seatrec
Frequently Asked Questions about Seatrec
When was Seatrec founded?
Seatrec was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Seatrec located?
Seatrec is headquartered in Monrovia, United States. It is registered at Monrovia, California, United States.
Is Seatrec a funded company?
Seatrec is a funded company, having raised a total of $3.32M across 5 funding rounds to date. The company's 1st funding round was a Seed of $970K, raised on Aug 12, 2014.
What does Seatrec do?
Seatrec was founded in 2012 and is based in Monrovia, United States. Operations focus on the ocean energy sector, where vertical temperature differences are utilized to generate power. A Thermal RECharging battery is engineered with phase change materials that expand thermally, producing high pressure to drive an electric generator. Resulting electricity is stored in batteries or supercapacitors for underwater applications.
Who are the top competitors of Seatrec?
Seatrec's top competitors include Global OTEC, Makai Ocean Engineering and Ocean Thermal Energy Corporation.
What products or services does Seatrec offer?
Seatrec offers infiniTE™ Float and Underwater Power Stations.
Who are Seatrec's investors?
Seatrec has 9 investors. Key investors include Pasadena Angels, American Lending Center, Sunstone Management, Frontier Angels, and SeaAhead.