About Spireon
Spireon is a company based in Knoxville (United States) founded in 2003 was acquired by Solera in February 2022.. Spireon has raised $7.71 million across 1 funding round from investors including Solera, Greenbriar Equity Group and Bertram Capital. The company has 48 employees as of April 09, 2024. Spireon offers products and services including LoJack for Car Dealers, FleetLocate, and GoldStar. Spireon operates in a competitive market with competitors including Samsara, Radius, GreenRoad, Inseego and EquipmentShare, among others.
- Headquarter Knoxville, United States
- Employees 48 as on 09 Apr, 2024
-
Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Spireon Telematics India Private Limited
- Date of Incorporation 03 Aug, 2021
- Jurisdiction Bangalore North, Karnataka, India
-
Annual Revenue
$2.49 M (USD)138.44as on Mar 31, 2023
-
Net Profit
$230.72 K (USD)148.08as on Mar 31, 2023
-
EBITDA
$509.1 K (USD)148.01as on Mar 31, 2023
-
Total Equity Funding
$7.71 M (USD)
in 1 rounds
-
Latest Funding Round
$7.71 M (USD), Series A
Jul 31, 2012
-
Investors
Solera
& 2 more
-
Employee Count
48
as on Apr 09, 2024
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Spireon
Spireon offers a comprehensive portfolio of products and services, including LoJack for Car Dealers, FleetLocate, and GoldStar. 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.
GPS system for recovering stolen vehicles and monitoring assets
Platform for tracking vehicles and driver behavior in real-time
Wireless solution for managing loans and vehicle locations
Unlock access to complete
Funding Insights of Spireon
Spireon has successfully raised a total of $7.71M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.71 million completed in July 2012. 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 1
- Last Round Series A — $7.7M
-
First Round
First Round
(31 Jul 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Series A - Spireon | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spireon
Spireon has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Solera, Greenbriar Equity Group and Bertram Capital. 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 |
|---|---|---|---|---|
|
Greenbriar Equity Group is focused on investing in growth-oriented companies.
|
Founded Year | Domain | Location | |
|
Bertram Capital is focused on private equity investments in lower middle-market companies.
|
Founded Year | Domain | Location | |
|
Integrated automotive software solutions are provided for enhanced efficiency.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spireon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Spireon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spireon Comparisons
Competitors of Spireon
Spireon 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 Samsara, Radius, GreenRoad, Inseego and EquipmentShare, 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 |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
|
|
| domain | founded_year | HQ Location |
Predictive marketing and sales platform
|
|
| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
|
|
| domain | founded_year | HQ Location |
IoT networking hardware and device management platforms are provided.
|
|
| domain | founded_year | HQ Location |
Equipment rental marketplace and digital tools for construction are offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spireon
Frequently Asked Questions about Spireon
When was Spireon founded?
Spireon was founded in 2003 and raised its 1st funding round 9 years after it was founded.
Where is Spireon located?
Spireon is headquartered in Knoxville, United States. It is registered at Knoxville, Tennessee, United States.
Is Spireon a funded company?
Spireon is a funded company, having raised a total of $7.71M across 1 funding round to date. The company's 1st funding round was a Series A of $7.71M, raised on Jul 31, 2012.
How many employees does Spireon have?
As of Apr 09, 2024, the latest employee count at Spireon is 48.
What is the annual revenue of Spireon?
Annual revenue of Spireon is $2.49M as on Mar 31, 2023.
What does Spireon do?
Spireon provides Saas-enabled fleet and field service management solutions. It offers hardware and software-enabled solutions for users. It offers GPS tracking, behaviour monitoring, time tracking, and federal compliance tools for HOS, ELD and DVIR, etc. using an OBDII device. Its workforce management solution provides features for field services such as scheduling, dispatching, and accounting along with a mobile app for field force with customer information, communication, and other features.
Who are the top competitors of Spireon?
Spireon's top competitors include Samsara, Radius and EquipmentShare.
What products or services does Spireon offer?
Spireon offers LoJack for Car Dealers, FleetLocate, and GoldStar.
Who are Spireon's investors?
Spireon has 3 investors. Key investors include Solera, Greenbriar Equity Group, and Bertram Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.