About sMRT
sMRT is a company based in Beverley (United Kingdom) founded in 2001 was acquired by Wescom Group in November 2022. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. sMRT has completed 1 acquisition, including Sleek Clean Care. sMRT offers products and services including sMRT ALERT AIS DSC MOB, Base Units, and Life Jackets.
- Headquarter Beverley, United Kingdom
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Marine Rescue Technologies Limited
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Annual Revenue
$2.81 M (USD)16as on Dec 30, 2022
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Net Profit
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EBITDA
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Latest Funding Round
$482.63 K (USD), Grant
Jan 22, 2020
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Investors
Wescom Group
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Wescom Group
(Nov 02, 2022)
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Products & Services of sMRT
sMRT offers a comprehensive portfolio of products and services, including sMRT ALERT AIS DSC MOB, Base Units, and Life Jackets. 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.
A compact unit enhancing marine safety with AIS technology.
Units designed for alerting and tracking in emergencies.
Flotation devices provided for personal safety at sea.
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Funding Insights of sMRT
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $482,628
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First Round
First Round
(22 Jan 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Debt – Conventional - sMRT | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - sMRT | 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 sMRT
sMRT has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Wescom Group, Northern Powerhouse Investment Fund and EU Agency for the Space Programme. 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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Private debt is extended to early-stage companies and SMEs.
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Founded Year | Domain | Location | |
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Space technology services are provided by the EU Agency for user needs.
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Founded Year | Domain | Location | |
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Pyrotechnic marine distress signals are manufactured for global safety applications.
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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 sMRT
sMRT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sleek Clean Care. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Residential cleaning services are provided across the United Kingdom.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - sMRT
| 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 |
Smrt Comparisons
Competitors of sMRT
| 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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Frequently Asked Questions about sMRT
When was sMRT founded?
sMRT was founded in 2001 and raised its 1st funding round 19 years after it was founded.
Where is sMRT located?
sMRT is headquartered in Beverley, United Kingdom.
Who is the current CEO of sMRT?
Ryan Pettit is the current CEO of sMRT.
What is the annual revenue of sMRT?
Annual revenue of sMRT is $2.81M as on Dec 30, 2022.
What does sMRT do?
Marine safety solutions are provided by sMRT, focusing on personal marine safety products since 1975. Equipment is designed for various marine industries including leisure marine, offshore wind, oil and gas, and aquaculture. Distress beacons, base units, and life jackets are offered to ensure safety in challenging environments. A global distribution network is maintained to support customers worldwide.
What products or services does sMRT offer?
sMRT offers sMRT ALERT AIS DSC MOB, Base Units, and Life Jackets.
How many acquisitions has sMRT made?
sMRT has made 1 acquisition, including Sleek Clean Care.
Who are sMRT's investors?
sMRT has 3 investors. Key investors include Wescom Group, Northern Powerhouse Investment Fund, and EU Agency for the Space Programme.