About Utico
Utico is a company based in Abu Dhabi (United Arab Emirates) founded in 1980.. Utico has raised $147 million across 1 funding round from investors including ASMA Capital Partners. Utico has completed 1 acquisition, including Hyflux. Utico offers products and services including Water Recycling, Water Purification, Industrial Water Treatment, Power Supply, and Renewable Energy. Utico operates in a competitive market with competitors including United Utilities, Iren Group, American Water, A. O. Smith and Select Water, among others.
- Headquarter Abu Dhabi, United Arab Emirates
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Sectors
Environment
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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 Utico Fzc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$147 M (USD)
in 1 rounds
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Latest Funding Round
$147 M (USD), Private Equity Round
Jan 01, 2017
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Utico
Utico offers a comprehensive portfolio of products and services, including Water Recycling, Water Purification, Industrial Water Treatment, Power Supply, and Renewable Energy. 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.
Recycles industrial wastewater for sustainable reuse
Purifies water for supply to farms and industries
Treats water to meet industrial standards
Provides uninterrupted power from generation plants
Generates power via solar, wind, and waste heat recovery
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Funding Insights of Utico
Utico has successfully raised a total of $147M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $147 million completed in January 2017. 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 Private Equity Round — $147.0M
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First Round
First Round
(01 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Private Equity Round - Utico | 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 Utico
Utico has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ASMA Capital Partners. 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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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 Utico
Utico has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hyflux. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Water treatment services are provided by Hyflux in Singapore.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Utico
| 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 |
Utico Comparisons
Competitors of Utico
Utico 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 United Utilities, Iren Group, American Water, A. O. Smith and Select Water, 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 |
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Water and sewage services are provided in the United Kingdom.
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Integrated utility services in energy, water, and waste are provided.
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American Water is engaged in providing water and wastewater services.
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| domain | founded_year | HQ Location |
Water heaters, boilers, and treatment products are supplied globally.
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Wastewater treatment services are provided to industrial sectors.
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| domain | founded_year | HQ Location |
Air and waste water management solutions are provided worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Utico
Frequently Asked Questions about Utico
When was Utico founded?
Utico was founded in 1980 and raised its 1st funding round 37 years after it was founded.
Where is Utico located?
Utico is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Who is the current CEO of Utico?
Richard Menezes is the current CEO of Utico.
Is Utico a funded company?
Utico is a funded company, having raised a total of $147M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $147M, raised on Jan 01, 2017.
What does Utico do?
Utico was founded in 1980 in Abu Dhabi, United Arab Emirates. Operations are centered on the water sector, where end-to-end solutions for management are delivered. Services encompass various aspects of water handling, treatment, and distribution within the region. The company is led by Richard Menezes, serving as CEO and MD. Focus remains on practical water infrastructure and resource optimization.
Who are the top competitors of Utico?
Utico's top competitors include Iren Group, United Utilities and Core & Main.
What products or services does Utico offer?
Utico offers Water Recycling, Water Purification, Industrial Water Treatment, Power Supply, and Renewable Energy.
How many acquisitions has Utico made?
Utico has made 1 acquisition, including Hyflux.
Who are Utico's investors?
Utico has 1 investor. Key investors include ASMA Capital Partners.
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