About Suntex
Suntex is a company based in Dallas (United States) founded in 2007 by Ron Rhoades and Johnny Powers.. Suntex has raised $336.95 million across 5 funding rounds. Suntex has completed 11 acquisitions, including Almar, Channel Club Marina and Fair Haven Yacht Works. Suntex offers products and services including Boat Slips and Storage and Boat Rentals.
- Headquarter Dallas, United States
- Founders Ron Rhoades, Johnny Powers
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Suntex Marinas
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$336.95 M (USD)
in 5 rounds
-
Latest Funding Round
$121.28 M (USD), Series C
Oct 10, 2019
-
Investors
-
Employee Count
Employee Count
-
Investments & Acquisitions
Almar
& 10 more
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 Suntex
Suntex offers a comprehensive portfolio of products and services, including Boat Slips and Storage and Boat Rentals. 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.
Secure storage for vessels is offered in state-of-the-art facilities, allowing boat owners to be part of a community with rich amenities
Opportunities for new or occasional boaters to access water adventures are provided through rental options that emphasize serenity and natural beauty
Unlock access to complete
Leadership Team
6 people
Software Development Team
6 people
Finance and Accounting
6 people
Sales and Marketing
6 people
General Team
6 people
Human Resources and Administration
4 people
Product Management Team
3 people
Operations Team
3 people
Unlock access to complete
Funding Insights of Suntex
Suntex has successfully raised a total of $336.95M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $121.28 million completed in October 2019. 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 Series C — $121.3M
-
First Round
First Round
(08 Nov 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series C - Suntex | Valuation |
investors |
|
| Oct, 2015 | Amount | Series C - Suntex | Valuation |
investors |
|
| Aug, 2015 | Amount | Series B - Suntex | 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 |
Investments & Acquisitions by Suntex
Suntex has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Almar, Channel Club Marina and Fair Haven Yacht Works. 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 |
|---|---|---|---|---|---|
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Multiple dishes are served at Channel Club Marina restaurant.
|
2021 | ||||
|
Marina boats are operated in Fair Haven, United States.
|
2009 | ||||
|
Provider of boats & pontoons for sale and slip rentals services
|
2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Suntex
| 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 |
Suntex Comparisons
Competitors of Suntex
| 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.
|
Frequently Asked Questions about Suntex
When was Suntex founded?
Suntex was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Suntex located?
Suntex is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of Suntex?
Johnny Powers is the current CEO of Suntex. They have also founded this company.
Is Suntex a funded company?
Suntex is a funded company, having raised a total of $336.95M across 5 funding rounds to date. The company's 1st funding round was a Series B of $13.98M, raised on Nov 08, 2010.
What does Suntex do?
Suntex was founded in 2007 and is headquartered in Dallas, United States. Operations focus on the marina sector, where boat slips, dry storage, boat clubs, and rental services are managed across various locations. Amenities such as fueling stations, ship stores, and captains lounges are offered to support boating activities. Access to these facilities is extended to both boat owners and individuals exploring boating options without ownership.
What products or services does Suntex offer?
Suntex offers Boat Slips and Storage and Boat Rentals.
How many acquisitions has Suntex made?
Suntex has made 11 acquisitions, including Almar, Channel Club Marina, and Fair Haven Yacht Works.