About XiQ
XiQ is a company based in Avondale Estates (United States) founded in 2016.. XiQ has raised $35 thousand across 1 funding round from investors including Boomtown Accelerators. The company has 2 employees as of December 31, 2020. XiQ operates in a competitive market with competitors including APFusion, LEDGlow, Avery Design, CJ Pony Parts and Factory Motor Parts, among others.
- Headquarter Avondale Estates, United States
- Employees 2 as on 31 Dec, 2020
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Electronixiq, Inc.
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Annual Revenue
$105.44 K46as on Dec 31, 2020
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Net Profit
$-30.29 K52as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$35 K (USD)
in 1 rounds
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Latest Funding Round
$35 K (USD), Seed
May 26, 2021
- Investors
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Employee Count
2
as on Dec 31, 2020
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Funding Insights of XiQ
XiQ has successfully raised a total of $35K through 1 strategic funding round. The most recent funding activity was a Seed round of $35 thousand completed in May 2021. 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 1
- Last Round Seed — $35,000
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First Round
First Round
(26 May 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - XiQ | Valuation | Boomtown Accelerators |
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| 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 XiQ
XiQ has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Boomtown Accelerators. 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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Business accelerator focused on multiple sectors
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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 XiQ
| 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 - XiQ
| 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 |
Xiq Comparisons
Competitors of XiQ
XiQ 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 APFusion, LEDGlow, Avery Design, CJ Pony Parts and Factory Motor Parts, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive aftermarket accessories are manufactured in the United States.
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| domain | founded_year | HQ Location |
Designs and sells LED lighting kits for cars, trucks, motorcycles, and golf carts online.
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| domain | founded_year | HQ Location |
Electronic design automation tools for physical verification are provided.
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| domain | founded_year | HQ Location |
Vehicle restoration parts are supplied by CJ Pony Parts.
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| domain | founded_year | HQ Location |
Distributes original equipment and name brand automotive parts to dealerships and fleets.
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| domain | founded_year | HQ Location |
Develops intelligent throttle response controllers to eliminate vehicle delays.
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| 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 XiQ
When was XiQ founded?
XiQ was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is XiQ located?
XiQ is headquartered in Avondale Estates, United States. It is registered at Avondale Estates, Georgia, United States.
Is XiQ a funded company?
XiQ is a funded company, having raised a total of $35K across 1 funding round to date. The company's 1st funding round was a Seed of $35K, raised on May 26, 2021.
How many employees does XiQ have?
As of Dec 31, 2020, the latest employee count at XiQ is 2.
What is the annual revenue of XiQ?
Annual revenue of XiQ is $105.44K as on Dec 31, 2020.
What does XiQ do?
XiQ was founded in 2016 and is headquartered in Avondale Estates, United States. Automotive electric devices are produced by the company within the manufacturing sector. Operations center on the development and assembly of electrical components for vehicles. The domain teamxiq.com is maintained for business communications and information. Focus remains on standard production processes in the automotive industry, with activities conducted domestically.
Who are the top competitors of XiQ?
XiQ's top competitors include Avery Design, APFusion and Carparts.
Who are XiQ's investors?
XiQ has 1 investor. Key investors include Boomtown Accelerators.