About X-Rite
X-Rite is a company based in Grand Rapids (United States) founded in 1958 was acquired by Danaher in April 2012.. X-Rite has raised $155 million across 1 funding round from investors including Danaher, One Equity Partners and Sagard Holdings. The company has 21 employees as of April 04, 2024. X-Rite has completed 1 acquisition, including MeasureColor. X-Rite offers products and services including eXact 2 and Color iQC.
- Headquarter Grand Rapids, United States
- Employees 21 as on 04 Apr, 2024
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Sectors
Chemicals & Materials
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Phone
*********
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Website
*********
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Social
*********
- Legal Name X-Rite India Private Limited
- Date of Incorporation 26 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.07 M (USD)13.3as on Mar 31, 2023
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Net Profit
$87.88 K (USD)-41.59as on Mar 31, 2023
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EBITDA
$173.34 K (USD)-28.23as on Mar 31, 2023
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Total Equity Funding
$155 M (USD)
in 1 rounds
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Latest Funding Round
$155 M (USD), Private Equity Round
Oct 28, 2008
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Investors
Danaher
& 3 more
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Employee Count
21
as on Apr 04, 2024
- Investments & Acquisitions
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Acquired by
Danaher
(Apr 10, 2012)
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Products & Services of X-Rite
X-Rite offers a comprehensive portfolio of products and services, including eXact 2 and Color iQC. 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.
Color measurement is performed using this handheld device, which is applied in print and packaging for workflow optimization.
Quality control is facilitated through this software, which is utilized for color formulation and certification in manufacturing processes.
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Funding Insights of X-Rite
X-Rite has successfully raised a total of $155M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $155 million completed in October 2008. 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 Private Equity Round — $155.0M
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First Round
First Round
(28 Oct 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2008 | Amount | Private Equity Round - X-Rite | Valuation | One Equity Partners |
| 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 X-Rite
X-Rite has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Danaher, One Equity Partners and Sagard Holdings. 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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Private equity investments are made in North America and Europe.
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Founded Year | Domain | Location | |
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PE firm investing in the US and Canada
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Founded Year | Domain | Location | |
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Investment in manufacturing, distribution, and industrial technology companies.
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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 X-Rite
X-Rite has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MeasureColor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Color management software is developed for print and packaging professionals.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - X-Rite
| 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 |
X-Rite Comparisons
Competitors of X-Rite
| 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 X-Rite
When was X-Rite founded?
X-Rite was founded in 1958 and raised its 1st funding round 50 years after it was founded.
Where is X-Rite located?
X-Rite is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Who is the current CEO of X-Rite?
Gary King is the current CEO of X-Rite.
Is X-Rite a funded company?
X-Rite is a funded company, having raised a total of $155M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $155M, raised on Oct 28, 2008.
How many employees does X-Rite have?
As of Apr 04, 2024, the latest employee count at X-Rite is 21.
What is the annual revenue of X-Rite?
Annual revenue of X-Rite is $1.07M as on Mar 31, 2023.
What does X-Rite do?
X-Rite was founded in 1958 and is headquartered in Grand Rapids, United States. Color management solutions and measurement technologies are supplied to sectors such as print, packaging, automotive, plastics, and textiles. The portfolio encompasses handheld and benchtop spectrophotometers, inline systems, and digital color standards. Services include color formulation, quality control, and appearance assessment, with training offered for effective implementation.
What products or services does X-Rite offer?
X-Rite offers eXact 2 and Color iQC.
How many acquisitions has X-Rite made?
X-Rite has made 1 acquisition, including MeasureColor.
Who are X-Rite's investors?
X-Rite has 4 investors. Key investors include Danaher, One Equity Partners, Sagard Holdings, and Tinicum.