About Tornatech
Tornatech is a company based in Montreal (Canada) founded in 1985 was acquired by Tinicum in October 2024.. Tornatech has raised $12 million across 2 funding rounds from investors including Caisse de depot et placement du Quebec and Tinicum. The company has 140 employees as of December 31, 2024.
- Headquarter Montreal, Canada
- Employees 140 as on 31 Dec, 2024
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
140
as on Dec 31, 2024
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Acquired by
Tinicum
(Oct 10, 2024)
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Funding Insights of Tornatech
Tornatech has successfully raised a total of $12M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(16 Oct 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Debt – Conventional - Tornatech | Valuation |
investors |
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| Oct, 2014 | Amount | Series A - Tornatech | Valuation | Caisse de depot et placement du Quebec |
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| 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 Tornatech
Tornatech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Caisse de depot et placement du Quebec and Tinicum. 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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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Investment in manufacturing, distribution, and industrial technology companies.
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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 Tornatech
| 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 - Tornatech
| 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 |
Tornatech Comparisons
Competitors of Tornatech
| 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 Tornatech
When was Tornatech founded?
Tornatech was founded in 1985 and raised its 1st funding round 29 years after it was founded.
Where is Tornatech located?
Tornatech is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Tornatech?
Steve Stone is the current CEO of Tornatech.
Is Tornatech a funded company?
Tornatech is a funded company, having raised a total of $12M across 2 funding rounds to date.
How many employees does Tornatech have?
As of Dec 31, 2024, the latest employee count at Tornatech is 140.
What does Tornatech do?
Tornatech was founded in 1985 in Montreal, Canada, where fire pump controllers and related accessories are designed and produced to comply with international and local safety standards. Operations include efficient manufacturing processes supported by global partnerships, with a consistent emphasis on quality from order fulfillment to shipment. Customer service, pre-sale technical support, and after-sales assistance are provided, and products are applied worldwide across various sectors.
Who are Tornatech's investors?
Tornatech has 2 investors. Key investors include Caisse de depot et placement du Quebec, and Tinicum.
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