About Turnpike Group
Turnpike Group is a company based in Stockholm (Sweden) founded in 2015 by Peter Carlsson, Bjorn Ogren, and Carl Norberg.. Turnpike Group has raised $2.79 million across 1 funding round from investors including Shervin Razani, Johan Dennelind and Tomas Franzén. Turnpike Group offers products and services including Digital Workflow Solution and AI-Powered Wearables. Turnpike Group operates in a competitive market with competitors including Verve Motion, Ox, Opal, Mentore and PassHolder, among others.
- Headquarter Stockholm, Sweden
- Founders Peter Carlsson, Bjorn Ogren, Carl Norberg
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Trnpk Sweden Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.79 M (USD)
in 1 rounds
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Latest Funding Round
$2.79 M (USD), Angel Round
Jun 01, 2022
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Investors
& 2 more
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Employee Count
Employee Count
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Products & Services of Turnpike Group
Turnpike Group offers a comprehensive portfolio of products and services, including Digital Workflow Solution and AI-Powered Wearables. 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.
Platform for optimizing staff workflows and reducing operational frictions
Wearables that enhance staff efficiency and provide real-time insights
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Software Development Team
3 people
Customer Team
2 people
Founder Team
1 people
Co Team
1 people
CTO Team
1 people
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Funding Insights of Turnpike Group
Turnpike Group has successfully raised a total of $2.79M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $2.79 million completed in June 2022. 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 1
- Last Round Angel Round — $2.8M
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First Round
First Round
(01 Jun 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Angel Round - Turnpike Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Turnpike Group
Turnpike Group has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Shervin Razani, Johan Dennelind and Tomas Franzén. 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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SR
Shervin Razani |
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Founded Year | Domain | Location |
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JD
Johan Dennelind |
Experienced telecom leader, angel investor, ex-CEO of du and Telia
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Founded Year | Domain | Location |
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TF
Tomas Franzén |
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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 Turnpike 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 - Turnpike Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Turnpike Group Comparisons
Competitors of Turnpike Group
Turnpike Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Verve Motion, Ox, Opal, Mentore and PassHolder, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT products for workforce monitoring and safety are provided.
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AI-enabled warehouse management and automation solutions are offered.
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| domain | founded_year | HQ Location |
Cloud-based marketing planning software is provided for ad campaigns.
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| domain | founded_year | HQ Location |
Learning management platform for workforce training and retention is provided.
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| domain | founded_year | HQ Location |
Offers wearable-based platforms for access control solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Turnpike Group
Frequently Asked Questions about Turnpike Group
When was Turnpike Group founded?
Turnpike Group was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Turnpike Group located?
Turnpike Group is headquartered in Stockholm, Sweden.
Who is the current CEO of Turnpike Group?
Carl Norberg is the current CEO of Turnpike Group. They have also founded this company.
Is Turnpike Group a funded company?
Turnpike Group is a funded company, having raised a total of $2.79M across 1 funding round to date. The company's 1st funding round was a Angel Round of $2.79M, raised on Jun 01, 2022.
What does Turnpike Group do?
Turnpike Group was founded in 2015 in Stockholm, Sweden. Wearable devices are supplied by the platform to track workforce productivity in real time. Confidential communication channels are enabled between management and employees to support customer service and engagement. Operations focus on the wearable technology sector, with services aimed at enhancing staff efficiency across professional settings.
Who are the top competitors of Turnpike Group?
Turnpike Group's top competitors include Verve Motion, Ox and Mentore.
What products or services does Turnpike Group offer?
Turnpike Group offers Digital Workflow Solution and AI-Powered Wearables.
Who are Turnpike Group's investors?
Turnpike Group has 3 investors. Key investors include Shervin Razani, Johan Dennelind, and Tomas Franzén.