About Vapor Power
Vapor Power is a company based in Franklin Park (United States) founded in 1903 was acquired by Thermon in January 2024.. Vapor Power has raised $2.85 million across 1 funding round from investors including Thermon and Midwest Mezzanine Funds. Vapor Power offers products and services including Steam Boilers and Thermal Fluid Heaters.
- Headquarter Franklin Park, United States
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Phone
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Website
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Social
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- Legal Name Vapor Power International
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Products & Services of Vapor Power
Vapor Power offers a comprehensive portfolio of products and services, including Steam Boilers and Thermal Fluid Heaters. 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.
Steam boilers are provided for generating steam in various industrial settings.
Thermal fluid heaters are supplied for heating processes in sectors like chemical and food processing.
Funding Insights of Vapor Power
Vapor Power has successfully raised a total of $2.85M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $2.85 million completed in April 2014. 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 — $2.9M
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First Round
First Round
(17 Apr 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Private Equity Round - Vapor Power | Valuation |
investors |
| 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 Vapor Power
Vapor Power has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Thermon and Midwest Mezzanine Funds. 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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PE firm invests in the US
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Founded Year | Domain | Location | |
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Engineered thermal solutions are provided for industrial heat tracing applications.
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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 Vapor Power
| 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 - Vapor Power
| 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 |
Vapor Power Comparisons
Competitors of Vapor Power
| 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 Vapor Power
When was Vapor Power founded?
Vapor Power was founded in 1903 and raised its 1st funding round 111 years after it was founded.
Where is Vapor Power located?
Vapor Power is headquartered in Franklin Park, United States. It is registered at Franklin Park, Illinois, United States.
Is Vapor Power a funded company?
Vapor Power is a funded company, having raised a total of $2.85M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $2.85M, raised on Apr 17, 2014.
What does Vapor Power do?
Vapor Power was founded in 1903 in Franklin Park, United States, where packaged boiler systems are produced for commercial sectors like brewing, distilling, chemical processing, food processing, and healthcare. Steam generators, thermal fluid heaters, electric boilers, and superheaters form the core product line. Aftermarket components, including air-cooled pumps, control panels, flame safeguard controls, and temperature controls, are also manufactured. Acquisition by Tag Equity took place in 2007.
What products or services does Vapor Power offer?
Vapor Power offers Steam Boilers and Thermal Fluid Heaters.
Who are Vapor Power's investors?
Vapor Power has 2 investors. Key investors include Thermon, and Midwest Mezzanine Funds.