Varvel

Bologna, Italy Founded: 1955 • Age: 71 yrs Acquired By Illimity
Geared motors, reducers, and variable speed drives are manufactured.
Annual revenue - Latest available
Total funding - 4 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

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
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Varvel Spa
Operational Areas
Industrial Goods & Manufacturing → Contract & Custom Manufacturing Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    $1.28 M (USD), Grant

    Dec 31, 2017

  • Investors
    Illimity

    & 2 more

  • Employee Count
    Not available
  • Acquired by
    Illimity

    (Feb 16, 2023)

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Products & Services of Varvel

Varvel offers a comprehensive portfolio of products and services, including Gear Reducers and Speed Variators.

Product name locked
Category locked
Primary

Gear reducers are designed for fixed applications of small and medium power and are integrated into various machines.

Product name locked
Category locked
Locked

Speed variators are developed for adjusting power transmission in industrial settings and are employed in multiple sectors.

People of Varvel

Headcount 50-200
Employee Profiles 9
Employee Profiles
People
Francesco Berselli
President
People
Davide Rigosi
Export Area Manager
People
James Muldoon
Principal And General Manager
People
Antonio Nigro
Responsabile Del Miglioramento Continuo

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Funding Insights of Varvel

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Government agency and accelerator focusing on innovative startups and SMEs
Locked Locked Locked
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Locked Locked Locked
Commercial banking services are provided to SMEs and mid-caps.
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Investor details for Varvel

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Varvel

Investments
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Investment portfolio details for Varvel

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  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - Varvel

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Detailed financials for Varvel

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  • Profit trends
  • Statement rows
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Varvel Comparisons

Varvel Primary company
Description
Geared motors, reducers, and variable speed drives are manuf...
Location
Bologna, Italy
Founded Year
1955
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Varvel

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Competitors of Varvel

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Detailed competitors of Varvel

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Latest news on Varvel

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Complete news archive for Varvel

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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.

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