About Techlantic
Techlantic is a Transportation, Automotive & Logistics company based in Oakville (Canada) founded in 1983 by Tom van Essen and Wouter van Essen, and was acquired by TRADE X in September 2021. Automotive aftermarket accessories are manufactured in Canada. Techlantic has raised $45 million across 2 funding rounds from investors including Aimia, EchoVC Partners and Frontier Ventures. The company has 6 employees. Its focus areas include Auto, Auto Retail & Aftersales, Parts & Accessories and B2C. Its competitors include Plasman, Ranger Design and FortNine.
Company details
Techlantic was established in 1983 in Oakville, Canada, by founders Tom and Wouter van Essen. Automotive aftermarket accessories are produced by the company, with operations centered on the automotive sector. Management is handled by Managing Directors Eric van Essen and Robin Jones. Focus is placed on manufacturing components for vehicle customization and repair, serving markets in North America through established distribution channels.
- Headquarters Oakville, Canada
- Employees 6
- Founders Tom van Essen, Wouter van Essen
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website techlantic.com
- Social LinkedIn Facebook
- Acquired by TRADE X (Sep 2021)
Funding Insights of Techlantic
Techlantic has successfully raised a total of $45M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in August 2021. 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 $45M
- Total Rounds 2
- Last Round Series B — $10M
- First Round $35M
(Jul 2021)
- Investors Count 4
All 2 funding rounds of Techlantic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $10M | Series B | – | EchoVC Partners, Frontier Ventures | |
| Jul 2021 | $35M | Series B | – | Aimia | – |
5 investors in total: 5 institutional.
Investors in Techlantic
Techlantic has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Aimia, EchoVC Partners and Frontier Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America | echovc.com | Lagos, Nigeria | ||
Frontier Ventures is focused on spreading the Gospel to least-reached peoples. | frontierventures.org | Colorado Springs, United States | ||
Diversified operations are conducted across chemicals industries globally. | 1984 | aimia.com | Toronto, Canada | |
Functions as a B2B trading solution for automotive dealers. | 2018 | tradexport.com | Mississauga, Canada | |
| ugrowth.in |
Investor details for Techlantic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Techlantic
4 people are tracked at Techlantic (4 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Tom van Essen | Founder | Leadership |
Wouter van Essen | Founder | Leadership |
Eric van Essen | Managing Director | Leadership |
Robin Jones | Managing Director | Leadership |
Complete people profiles for Techlantic
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Timeline of Techlantic
4 dated milestones of Techlantic across 38 years, from founding to its latest funding, stage changes and deals.
- Founded Techlantic is founded.
- Funding First funding round of $35.0M.
- Funding Latest funding round, Series B, of $10.0M.
- Exit Acquired by TRADE X.
Competitors of Techlantic
Techlantic has 3 listed competitors in our database. They include Plasman, Ranger Design and FortNine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plasman.com | 1978 | Windsor, Canada | 820 | Automotive parts and accessories are manufactured by Plasman. | ||
| rangerdesign.com | 1988 | Baie-durfe, Canada | Fleet upfit solutions and vehicle organization systems are provided. | |||
| fortnine.ca | 2009 | Montreal, Canada | 57 | Bike gears and accessories are retailed online by FortNine. |
Detailed competitors of Techlantic
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Frequently Asked Questions about Techlantic
Techlantic was founded in 1983 and raised its 1st funding round 38 years after it was founded.
Techlantic is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Techlantic is a funded company, having raised a total of $45M across 2 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Jul 2021.
Techlantic has 6 employees.
Techlantic was established in 1983 in Oakville, Canada, by founders Tom and Wouter van Essen. Automotive aftermarket accessories are produced by the company, with operations centered on the automotive sector. Management is handled by Managing Directors Eric van Essen and Robin Jones. Focus is placed on manufacturing components for vehicle customization and repair, serving markets in North America through established distribution channels.
Techlantic's top competitors include Ranger Design, FortNine and Plasman.
Techlantic has 5 investors. Key investors include Aimia, EchoVC Partners, Frontier Ventures, ugrowth.in, and TRADE X.
Yes. Techlantic was acquired by TRADE X in September 2021.