About Varvel
Varvel is an Industrial Goods & Manufacturing company based in Bologna (Italy) founded in 1955, and was acquired by Illimity in February 2023. Geared motors, reducers, and variable speed drives are manufactured. Varvel offers products and services including Gear Reducers and Speed Variators. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services. Its legal entity is Varvel SpA.
Company details
Varvel was founded in 1955 in Bologna, Italy, where operations in the industrial machinery sector are based. Geared motors, reducers, and variable speed drives are produced for various applications. Manufacturing services are extended to clients seeking reliable transmission components. The companys activities are centered in Europe, with a focus on precision engineering and assembly processes to meet sector demands.
- Headquarters Bologna, Italy
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website varvel.com
- Social LinkedIn YouTube
- Acquired by Illimity (Feb 2023)
- Legal Name Varvel Spa
Products & Services of Varvel
Varvel offers a comprehensive portfolio of products and services, including Gear Reducers and Speed Variators.
Gear reducers are designed for fixed applications of small and medium power and are integrated into various machines.
Speed variators are developed for adjusting power transmission in industrial settings and are employed in multiple sectors.
Apps and channels of Varvel
its YouTube channel Varvel Group has 40 subscribers and 30 videos.
Videos from Varvel
The most watched videos on Varvel's YouTube channel, Varvel Group (40 subscribers). Click a video to play it here.
More on Varvel Group.
Funding Insights of Varvel
- Total Rounds 4
- Last Round Grant — $1.28M
- First Round $62,636
(Nov 2014)
- Investors Count 2
All 4 funding rounds of Varvel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $1.28M | Grant | – | – | |
| Jan 2016 | $1.16M | Grant | – | – | |
| Feb 2015 | $56,042 | Grant | – | – | |
| Nov 2014 | $62,636 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Varvel
Varvel has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Illimity, European Union and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Commercial banking services are provided to SMEs and mid-caps. | 2018 | illimity.com | Milan, Italy |
Investor details for Varvel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Varvel
9 people are tracked at Varvel (3 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Francesco Berselli | President | Leadership |
James Muldoon | Principal And General Manager | Leadership |
Claudio Szanto | Chief Financial Officer | Leadership |
Davide Rigosi | Export Area Manager | Team |
Antonio Nigro | Responsabile Del Miglioramento Continuo | Team |
Lisa Masini | Supply Chain Manager | Team |
Caterina Mayr | Group Controller Varvel Spa | Team |
Ferdinando Monaco | Application Engineering & After Sales Service Manager | Team |
Cristian Fiorani | Sales Manager – Global Distribution Network | International Sales & Business Development | Team |
Complete people profiles for Varvel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Varvel
4 dated milestones of Varvel across 68 years, from founding to its latest funding, stage changes and deals.
- Founded Varvel is founded.
- Funding First funding round of $63K.
- Funding Latest funding round, Grant, of $1.3M.
- Exit Acquired by Illimity.
Web traffic of Varvel
The website of Varvel (varvel.com) receives about 6.8K visits a month.
- Monthly visits6.8K
▼ 22.7% vs previous month
Websites whose visitors overlap most with Varvel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
rulmeca.it | rulmeca.it | 100% | – | ||
grithappens.com | grithappens.com | 66% | #5,003,435 | – | |
grodan.com | grodan.com | 56% | #1,371,831 | – | |
dctrasmissioni.it | dctrasmissioni.it | 31% | #12,294,072 | – | |
varmec.com | varmec.com | 31% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Varvel
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Varvel
Varvel was founded in 1955 and raised its 1st funding round 59 years after it was founded.
Varvel is headquartered in Bologna, Italy. It is registered at Bologna, Emilia-romagna, Italy.
Varvel was founded in 1955 in Bologna, Italy, where operations in the industrial machinery sector are based. Geared motors, reducers, and variable speed drives are produced for various applications. Manufacturing services are extended to clients seeking reliable transmission components. The companys activities are centered in Europe, with a focus on precision engineering and assembly processes to meet sector demands.
Varvel offers Gear Reducers and Speed Variators.
Varvel has 3 investors. Key investors include Illimity, European Union, and EIC Fund.
Varvel operates through Varvel Spa.
Yes. Varvel was acquired by Illimity in February 2023.