About Vacon
Vacon is a company based in Vaasa (Finland) founded in 1993 was acquired by Danfoss in September 2014.. Vacon has raised $10.58 million across 1 funding round from investors including Danfoss and Ahlström. The company has 44 employees as of March 23, 2024.
- Headquarter Vaasa, Finland
- Employees 44 as on 23 Mar, 2024
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vacon Drives And Controls Private Limited
- Date of Incorporation 29 Aug, 2006
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$12.29 M (USD)0as on Mar 31, 2016
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Net Profit
$-1.87 M (USD)0as on Mar 31, 2016
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EBITDA
$-1.3 M (USD)0as on Mar 31, 2016
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Total Equity Funding
$10.58 M (USD)
in 1 rounds
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Latest Funding Round
$10.58 M (USD), Series B
Dec 28, 2001
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Investors
Danfoss
& 1 more
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Employee Count
44
as on Mar 23, 2024
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Acquired by
Danfoss
(Sep 12, 2014)
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Software Development Team
146 people
Human Resources and Administration
66 people
Leadership Team
55 people
Senior Team
36 people
Sales and Marketing
32 people
Finance and Accounting
27 people
Product Management Team
24 people
Creative and Marketing Team
16 people
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Funding Insights of Vacon
Vacon has successfully raised a total of $10.58M through 1 strategic funding round. The most recent funding activity was a Series B round of $10.58 million completed in December 2001. 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 Series B — $10.6M
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First Round
First Round
(28 Dec 2001)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2001 | Amount | Series B - Vacon | Valuation | Ahlström Capital |
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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 Vacon
Vacon has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Danfoss and Ahlström. 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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Ahlström is engaged in industrial investments and sustainable value creation.
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Founded Year | Domain | Location | |
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Manufacturer of energy efficiency products
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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 Vacon
| 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.
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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 - Vacon
| 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 |
Vacon Comparisons
Competitors of Vacon
| 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.
|
Frequently Asked Questions about Vacon
When was Vacon founded?
Vacon was founded in 1993 and raised its 1st funding round 8 years after it was founded.
Where is Vacon located?
Vacon is headquartered in Vaasa, Finland.
Is Vacon a funded company?
Vacon is a funded company, having raised a total of $10.58M across 1 funding round to date. The company's 1st funding round was a Series B of $10.58M, raised on Dec 28, 2001.
How many employees does Vacon have?
As of Mar 23, 2024, the latest employee count at Vacon is 44.
What is the annual revenue of Vacon?
Annual revenue of Vacon is $12.29M as on Mar 31, 2016.
What does Vacon do?
Founded in 1993 in Vaasa, Finland, Vacon operates as a distributor in the tools and hardware sector. Products are sourced from domestic and international manufacturers, with categories encompassing hand tools, power tools, industrial tools, measuring tools, and hardware. Quality items are supplied at competitive prices, supported by a dedicated sales team for customer service. Operations focus on reliable distribution and assistance to clients.