About Versatel
Versatel is a company based in Flensburg (Germany) founded in 1999 was acquired by United Internet in September 2014.. Versatel offers products and services including Fiber Optic Internet and Security Solutions.
- Headquarter Flensburg, Germany
- Stage Public
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name 1&1 Versatel Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
United Internet
(Sep 03, 2014)
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Products & Services of Versatel
Versatel offers a comprehensive portfolio of products and services, including Fiber Optic Internet and Security Solutions. 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.
High-speed internet solutions are delivered for business use, featuring symmetric bandwidths and premium hardware
Managed firewalls and DDoS protection are provided to enhance network security and robustness
Funding Insights of Versatel
| 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 Versatel
Versatel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include United Internet. 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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Internet access and applications are provided via subsidiaries.
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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 Versatel
| 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 - Versatel
| 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 |
Versatel Comparisons
Competitors of Versatel
| 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 Versatel
When was Versatel founded?
Versatel was founded in 1999.
Where is Versatel located?
Versatel is headquartered in Flensburg, Germany. It is registered at Flensburg, Schleswig-holstein, Germany.
What does Versatel do?
Versatel was founded in 1999 in Flensburg, Germany, where oilfield equipment is manufactured for the oil and gas sector. Emphasis is placed on well completion and reservoir optimization through products such as vacuum insulated tubing, high thermal efficiency tubing and casing, sand control screens, inflow control devices, and sucker rods. API certification is maintained for quality and safety. Engineering support is provided for integrated projects in these areas.
What products or services does Versatel offer?
Versatel offers Fiber Optic Internet and Security Solutions.
Who are Versatel's investors?
Versatel has 1 investor. Key investors include United Internet.
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