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
Locked
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Website
Locked
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Social
Locked
- 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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People of Vacon
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Ahlström is engaged in industrial investments and sustainable value creation.
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Locked | Locked | Locked | |
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Manufacturer of energy efficiency products
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Locked | Locked | Locked |
Investor details for Vacon
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Investments & Acquisitions by Vacon
Investment portfolio details for Vacon
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Financial Statements - Vacon
Detailed financials for Vacon
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Vacon Comparisons
Peer comparison for Vacon
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Competitors of Vacon
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Latest news on Vacon
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Frequently Asked Questions about Vacon
Vacon was founded in 1993 and raised its 1st funding round 8 years after it was founded.
Vacon is headquartered in Vaasa, Finland.
Vacon is a funded company, having raised a total of $10.58M across 1 funding round to date.
As of Mar 23, 2024, the latest employee count at Vacon is 44.
Annual revenue of Vacon is $12.29M as on Mar 31, 2016.
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.