About Targus
Targus is a company based in Anaheim (United States) founded in 1983 was acquired by B. Riley Financial in October 2022.. Targus has completed 2 acquisitions, including HyperShop and Sena Cases. Targus offers products and services including Laptop Bags and Docking Stations.
- Headquarter Anaheim, United States
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Sectors
ConsumerTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Targus India Private Limited
- Date of Incorporation 05 May, 2005
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$3.09 M (USD)-53.07as on Mar 31, 2023
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Net Profit
$201.35 K (USD)-68.88as on Mar 31, 2023
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EBITDA
$516.29 K (USD)-40.97as on Mar 31, 2023
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Latest Funding Round
$24 K (USD), Debt – Venture
May 25, 2011
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Investors
The Carlyle Group
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
HyperShop
& 1 more
- Acquired by
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Products & Services of Targus
Targus offers a comprehensive portfolio of products and services, including Laptop Bags and Docking Stations. 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.
Laptop bags are provided for safe transportation of devices with ergonomic and protective features
Docking stations are offered to enable integration with monitors and peripherals for enhanced functionality
Funding Insights of Targus
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Venture — $24,000
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2011 | Amount | Debt – Venture - Targus | Valuation |
investors |
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| Mar, 2011 | Amount | Debt – Venture - Targus | Valuation |
investors |
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| Jul, 2010 | Amount | Private Equity Round - Targus | 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 Targus
Targus has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group, B. Riley Financial and Prospect Street. 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 equity and debt are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Private equity investment firm investing in the US
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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 Targus
Targus has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HyperShop and Sena Cases. 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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High-performance tech accessories for Apple users are designed and manufactured.
|
2005 | ||||
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Designer and manufacturer of slim, functional, protective and luxurious full grain leather cases
|
1999 |
| 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
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Targus
| 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 |
Targus Comparisons
Competitors of Targus
| 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 Targus
When was Targus founded?
Targus was founded in 1983 and raised its 1st funding round 22 years after it was founded.
Where is Targus located?
Targus is headquartered in Anaheim, United States. It is registered at Anaheim, California, United States.
Who is the current CEO of Targus?
Mikel Williams is the current CEO of Targus.
What is the annual revenue of Targus?
Annual revenue of Targus is $3.09M as on Mar 31, 2023.
What does Targus do?
Targus was founded in 1983 and is headquartered in Anaheim, United States. Operations focus on the design and production of protective cases for laptops and tablets, including basic sleeves and rugged variants. Docking stations for device connectivity are also developed. Products are distributed to consumers and businesses, with collections encompassing backpacks for work and leisure. The sector involves consumer electronics accessories.
What products or services does Targus offer?
Targus offers Laptop Bags and Docking Stations.
How many acquisitions has Targus made?
Targus has made 2 acquisitions, including HyperShop, and Sena Cases.
Who are Targus's investors?
Targus has 5 investors. Key investors include The Carlyle Group, B. Riley Financial, Prospect Street, Saratoga Investment, and Fenway Partners.