About STATS Group
STATS Group is a company based in Inverurie (United Kingdom) founded in 1998 was acquired by Mitsui in July 2023.. STATS Group has raised $18.91 million across 2 funding rounds from investors including Mitsui & Co., Snap Ring Joint and BGF. The company has 311 employees as of December 31, 2021. STATS Group offers products and services including Pipeline Isolation and Hot Tapping and Line Plugging.
- Headquarter Inverurie, United Kingdom
- Employees 311 as on 31 Dec, 2021
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stats Group Ltd
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Annual Revenue
$40.62 M (USD)-16as on Dec 31, 2016
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Net Profit
$-1.8 M (USD)-67as on Dec 31, 2016
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EBITDA
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Total Equity Funding
$18.91 M (USD)
in 2 rounds
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Latest Funding Round
$6.7 M (USD), Series B
Jan 01, 2015
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Investors
Mitsui & Co.
& 2 more
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Employee Count
311
as on Dec 31, 2021
- Acquired by
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Products & Services of STATS Group
STATS Group offers a comprehensive portfolio of products and services, including Pipeline Isolation and Hot Tapping and Line Plugging. 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.
Pipeline isolation services are provided to enable safe maintenance and repair of infrastructure in the energy sector.
Hot tapping and line plugging services are offered to facilitate repairs and modifications without full system shutdowns.
Funding Insights of STATS Group
STATS Group has successfully raised a total of $18.91M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $6.7 million completed in January 2015. 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 2
- Last Round Series B — $6.7M
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First Round
First Round
(14 Mar 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series B - STATS Group | Valuation |
investors |
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| Mar, 2012 | Amount | Series A - STATS Group | 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 STATS Group
STATS Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co., Snap Ring Joint and BGF. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location | |
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Asset integrity management solutions and consulting services are offered.
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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 STATS Group
| 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 - STATS Group
| 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 |
Stats Group Comparisons
Competitors of STATS Group
| 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 STATS Group
When was STATS Group founded?
STATS Group was founded in 1998 and raised its 1st funding round 14 years after it was founded.
Where is STATS Group located?
STATS Group is headquartered in Inverurie, United Kingdom. It is registered at Inverurie, Scotland, United Kingdom.
Who is the current CEO of STATS Group?
Leigh Howarth is the current CEO of STATS Group.
Is STATS Group a funded company?
STATS Group is a funded company, having raised a total of $18.91M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12.22M, raised on Mar 14, 2012.
How many employees does STATS Group have?
As of Dec 31, 2021, the latest employee count at STATS Group is 311.
What is the annual revenue of STATS Group?
Annual revenue of STATS Group is $40.62M as on Dec 31, 2016.
What does STATS Group do?
Provider of pipeline isolation, hot tapping, and plugging services. These services enable safe and efficient maintenance and repair of onshore, topsides, and subsea pipeline infrastructure. The company supplies pressurised pipeline isolation tools and offers hot-work barriers and localised hydrostatic test tools. Mechanical pipe connectors are also provided as an alternative to welding, reducing costs and risks. Services cover the entire lifecycle of hydrocarbon assets, from construction and maintenance to decommissioning and new energy applications. Subsea solutions include inline isolation plugs, hot tapping and line plugging equipment, mechanical connectors, repair clamps, and pipeline retrieval tools. Topside and onshore solutions encompass inline isolation plugs, hot tapping and line plugging equipment, mechanical connectors, repair clamps, and weld test tools. Emergency pipeline repair systems are also offered to minimize downtime following incidents. Engineered solutions address complex pipeline integrity challenges.
What products or services does STATS Group offer?
STATS Group offers Pipeline Isolation and Hot Tapping and Line Plugging.
Who are STATS Group's investors?
STATS Group has 3 investors. Key investors include Mitsui & Co., Snap Ring Joint, and BGF.
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