Develco Products - About the company
Develco Products is a funded company based in Aarhus (Denmark), founded in 2007 by Freddy Engel and Poul Eriksen. It operates as a Provider of IoT devices for commercial and home use. Develco Products has raised an undisclosed amount in funding. The company has 6148 active competitors, including 786 funded and 507 that have exited. Its top competitors include companies like Vivint, ADT and Nest.
Company Details
Develco Products provides IoT devices for smart home, smart energy, healthcare, and building management applications. Offers wireless sensors, smart plugs & relays, gateways, Zigbee modules, and meter interfaces. Also offers a wireless platform and API solutions for IoT application development.
- Website
- develcoproducts.com
- Social
- Email ID
- *****@develcoproducts.com
- Phone Number
- +45 **********
Key Metrics
Founded Year
2007
Location
Aarhus, Denmark
Stage
Funding Raised
Latest Funding Round
Investors
Ranked
4186th among 6148 active competitors
Employee Count
41 as on Nov 30, 2024
Investment & Acquisitions
Legal entities associated with Develco Products
Develco Products is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DEVELCO PRODUCTS A/S CIN: 30720377 , Denmark, Active | - | - |
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Develco Products's funding and investors
Develco Products has raised funding over 3 rounds. Its first funding round was on Oct 01, 2017. Its latest funding round was a Grant (prize money) round on Nov 01, 2020 for $*****. 1 investor participated in its latest round. Develco Products has 1 institutional investor.
Here is the list of recent funding rounds of Develco Products:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 01, 2020 | 2232839 | Grant (prize money) | 6280395 | 6968252 | 5349851 | 9502473 |
Nov 01, 2017 | 5896865 | Grant (prize money) | 3812804 | 2309316 | 9705870 | |
Oct 01, 2017 | 8582878 | Grant (prize money) | 6433814 | 8336314 | 5463337 |
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Develco Products' founders and board of directors
Founder? Claim ProfileThe founders of Develco Products are Freddy Engel and Poul Eriksen. Karsten Ries is the CEO of Develco Products.
Here are the details of Develco Products' key team members:
- Freddy Engel: Chair, Co-founder & Lead Investor of Develco Products.
- Poul Eriksen: Co-Founder of Develco Products.
- Karsten Ries: CEO of Develco Products.
View details of Develco Products's Founder profiles and Board Members
Develco Products' employee count trend
Develco Products has 41 employees as of Nov 24. The total employee count is 7.0% lower than what it was in Nov 23. Here is Develco Products's employee count trend over the years:
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Develco Products's Competitors and alternates
Top competitors of Develco Products include Vivint, ADT and Nest. Here is the list of Top 10 competitors of Develco Products, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Vivint 1999, Provo (United States), Acquired | Manufacturer of cloud-based smart security cameras for home applications | $172M | 82/100 | |
2nd | ADT 1874, Boca Raton (United States), Public | Provider of cloud-based surveillance products for home security | $24.1M | 80/100 | |
3rd |  Nest 2010, Palo Alto (United States), Acquired | Provider of hardware and software for monitoring home energy consumption | $80M | 79/100 | |
4th |  Wyze 2017, Kirkland (United States), Series B | Manufacturer of cloud-based smart security cameras for video surveillance | $146M | 77/100 | |
5th |  Sense 2013, Cambridge (United States), Series D | Provider of AI and app-based energy monitoring solutions | $195M | 77/100 | |
6th | Landis+Gyr 1896, Cham (Switzerland), Acquired | Provider of advanced grid infrastructure, energy management, and smart metering solutions | $1.03B | 76/100 | |
7th |  Alarm.com 2000, Tysons (United States), Public | Provider of a cloud-based video intercom and physical security systems | $137M | 76/100 | |
8th | Enel X 2001, Boston (United States), Acquired | Developer of utility-scale renewable energy projects | $168M | 74/100 | |
9th | Control4 2003, Salt Lake City (United States), Acquired | Provider of smart home automation and control systems for residences | $56.2M | 71/100 | |
10th |  Span.IO 2014, San Francisco (United States), Series C | Provider of smart panel for home energy management | $419M | 70/100 | |
4186th |  Develco Products 2007, Aarhus (Denmark), Funding Raised | Provider of IoT devices for commercial and home use | - | 23/100 |
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Develco Products's Investments and acquisitions
Develco Products has acquired Datek. Develco Products has not made any investments as of now.Reports related to Develco Products
Here is the latest report on Develco Products's sector:
News related to Develco Products
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Trifork Labs acquires 40% of Develco with focus on the Smart Building business areaGlobeNewswire•Oct 01, 2021•Trifork, Develco Products
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