About Socomec
Socomec is a company based in Benfeld (France) founded in 1922.. Socomec has completed 2 acquisitions, including Boltswitch and Continental Control Systems. Socomec operates in a competitive market with competitors including Particle, ecobee, Landis+Gyr, Nanoleaf and Span.IO, among others.
- Headquarter Benfeld, France
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Sectors
Business ServicesEnergy & Utilities Technology
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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 Socomec Ups Private Limited
- Date of Incorporation 09 Oct, 2003
- Jurisdiction Okhla, Delhi, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2020
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Net Profit
$-19.97 K (USD)-2180.91as on Mar 31, 2020
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EBITDA
$-19.56 K (USD)-2134.79as on Mar 31, 2020
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Latest Funding Round
$275.65 K (USD), Grant
Jan 01, 2017
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Boltswitch
& 1 more
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Funding Insights of Socomec
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $275,653
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Grant - Socomec | Valuation |
investors |
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| Jun, 2015 | Amount | Grant - Socomec | 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 Socomec
Socomec has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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 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 Socomec
Socomec has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Boltswitch and Continental Control Systems. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric power metering and monitoring equipment is manufactured and designed.
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1995 | ||||
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Manufacturer of switches
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1953 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Socomec
| 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 |
Socomec Comparisons
Competitors of Socomec
Socomec 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 Particle, ecobee, Landis+Gyr, Nanoleaf and Span.IO, 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 |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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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 Socomec
Frequently Asked Questions about Socomec
When was Socomec founded?
Socomec was founded in 1922 and raised its 1st funding round 93 years after it was founded.
Where is Socomec located?
Socomec is headquartered in Benfeld, France. It is registered at Benfeld, Bas-rhin, France.
Who is the current CEO of Socomec?
Syd Ridik is the current CEO of Socomec.
What does Socomec do?
Founded in 1922 in Benfeld, France, operations focus on the energy sector. Solutions for monitoring energy consumption, detecting insulation faults, and limiting reactive energy are offered, alongside low-voltage switchgear devices. Software enables remote access to consumption data. Critical power systems, including energy storage, support reliable operations across various applications.
Who are the top competitors of Socomec?
Socomec's top competitors include ecobee, Particle and Landis+Gyr.
How many acquisitions has Socomec made?
Socomec has made 2 acquisitions, including Boltswitch, and Continental Control Systems.
Who are Socomec's investors?
Socomec has 1 investor. Key investors include European Union.