About Varvel
Varvel is a company based in Bologna (Italy) founded in 1955 was acquired by Illimity in February 2023.. Varvel offers products and services including Gear Reducers and Speed Variators.
- Headquarter Bologna, Italy
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Sectors
Industrial Goods & Manufacturing
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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 Varvel Spa
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Products & Services of Varvel
Varvel offers a comprehensive portfolio of products and services, including Gear Reducers and Speed Variators. 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.
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.
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Funding Insights of Varvel
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $1.3M
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First Round
First Round
(01 Nov 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Grant - Varvel | Valuation |
investors |
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| Jan, 2016 | Amount | Grant - Varvel | Valuation |
investors |
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| Feb, 2015 | Amount | Grant - Varvel | 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 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. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Commercial banking services are provided to SMEs and mid-caps.
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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 Varvel
| 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 - Varvel
| 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 |
Varvel Comparisons
Competitors of Varvel
| 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 Varvel
When was Varvel founded?
Varvel was founded in 1955 and raised its 1st funding round 59 years after it was founded.
Where is Varvel located?
Varvel is headquartered in Bologna, Italy. It is registered at Bologna, Emilia-romagna, Italy.
What does Varvel do?
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.
What products or services does Varvel offer?
Varvel offers Gear Reducers and Speed Variators.
Who are Varvel's investors?
Varvel has 3 investors. Key investors include Illimity, European Union, and EIC Fund.