About Verlume
Verlume is a company based in Aberdeen (United Kingdom) founded in 2013.. Verlume has raised $12.33 million across 2 funding rounds from investors including Scottish Enterprise, The Scottish National Investment Bank and Par Equity. Verlume offers products and services including Axonn, Charge, Halo, and Studies. Verlume operates in a competitive market with competitors including Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others.
- Headquarter Aberdeen, United Kingdom
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Sectors
Energy & UtilitiesEnvironment
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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 Verlume Ltd
- Date of Incorporation 27 Feb, 2013
- Jurisdiction ABERDEEN, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.33 M (USD)
in 2 rounds
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Latest Funding Round
$8.96 M (USD), Series A
Apr 24, 2023
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Investors
Scottish Enterprise
& 3 more
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Employee Count
Employee Count
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Products & Services of Verlume
Verlume offers a comprehensive portfolio of products and services, including Axonn, Charge, Halo, and Studies. 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.
Intelligent system for managing power in subsea and offshore applications.
System for delivering power in subsea energy environments.
Technology to stabilize output in offshore wind power systems.
Analytical services for energy infrastructure projects.
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Funding Insights of Verlume
Verlume has successfully raised a total of $12.33M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.96 million completed in April 2023. 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 2
- Last Round Series A — $9.0M
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First Round
First Round
(02 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Verlume | Valuation | The Scottish National Investment Bank | |
| Feb, 2022 | Amount | Series A - Verlume | Valuation | Par Equity |
| 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 Verlume
Verlume has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Scottish Enterprise, The Scottish National Investment Bank and Par Equity. 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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Venture capital and natural capital investments are managed by Par Equity.
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Founded Year | Domain | Location | |
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Private equity investments are managed by Orchard Ventures single-family office.
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Founded Year | Domain | Location | |
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Development investments are channeled into Scottish enterprises and projects.
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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 Verlume
| 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 - Verlume
| 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 |
Verlume Comparisons
Competitors of Verlume
Verlume operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Iron-air energy storage systems are developed for renewable energy projects.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
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| domain | founded_year | HQ Location |
Liquid metal batteries are provided for long-duration energy storage.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Manufacturer of low-cost, efficient vanadium redox flow batteries
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Developer of air purification and net-zero emission technologies. This company designs and manufactures products for cleaner air, focusing on solutions for automobiles, gensets, and industrial applications. Their offerings include ambient air purifiers and systems aimed at reducing carbon emissions. The company's technology is geared towards improving air quality and promoting environmental sustainability. They provide repair services for their equipment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Verlume
Frequently Asked Questions about Verlume
When was Verlume founded?
Verlume was founded in 2013 and raised its 1st funding round 9 years after it was founded.
Where is Verlume located?
Verlume is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Is Verlume a funded company?
Verlume is a funded company, having raised a total of $12.33M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.37M, raised on Feb 02, 2022.
What does Verlume do?
Verlume was founded in 2013 and is based in Aberdeen, United Kingdom. Solutions for energy management in commercial and industrial settings are offered by the company. Goods and services supporting renewable energy integration and energy industry decarbonization are supplied. A modular battery energy storage system featuring integrated management capabilities is included among the provided technologies.
Who are the top competitors of Verlume?
Verlume's top competitors include Form Energy, Northvolt and Ambri.
What products or services does Verlume offer?
Verlume offers Axonn, Charge, Halo, and Studies.
Who are Verlume's investors?
Verlume has 4 investors. Key investors include Scottish Enterprise, The Scottish National Investment Bank, Par Equity, and Orchard Ventures.