When was Elektrik founded?

Elektrik was founded in 2018 and raised its 1st funding round 8 years after it was founded.

Where is Elektrik located?

Elektrik is headquartered in Latvia.

How many employees does Elektrik have?

As of Jul 31, 2026, the latest employee count at Elektrik is 1021.

Is Elektrik a funded company?

Elektrik is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 16, 2026.

When was the latest funding round of Elektrik?

Elektrik's latest funding was a $***** Seed round on Jun 16, 2026, with participation from 1 investor.

What is the annual revenue of Elektrik?

Annual revenue of Elektrik is less than €1M as on Dec 31, 2017

Where does Elektrik rank among its competitors?

Elektrik ranks 1st amongst 7 active competitors, only 1 of which is funded., of which only Elektrik is funded and secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Elektrik?

Elektrik's top competitors include Quantum, Conpromeding and Mvutilities. Among them, Elektrik secured the most recent funding round in June, 2026.

Elektrik - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Retailer of motor vehicles, industrial goods, and marine supplies. It offers a diverse selection of products including personal protective equipment, home and garden items, tools, lifting and fastening equipment, and accessories. The company also features a clearance section for discounted items and showcases new product arrivals. Payment options include installment plans. The retailer provides customer support through online resources and physical stores.

Key Metrics

Founded Year

2018

Location

Latvia

Stage

Seed

Latest Funding Round

Seed, Jun 16, 2026, $*****

Investors

Album VC & 3 more

Ranked

1^st among 7 active competitors

Annual Revenue

€0 - €1M as on Dec 31, 2017

Employee Count

1,021 as on Jul 31, 2026

Similar Companies

Quantum & 5 more

View Elektrik's full profile

Elektrik is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ELEKTRIK CIN: 40103631771 , Latvia, Deadpooled	Jan 31, 2013	€0 - €1M (As on Dec 31, 2017)	3 (As on Dec 31, 2016)	-

Elektrik has raised funding over 1 round. Its latest funding round was a Seed round on Jun 16, 2026 for $*****. 1 investor participated in its latest round. Elektrik has 4 institutional investors.

Here is the list of recent funding rounds of Elektrik:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 16, 2026	4009415	Seed	8346258	6092171	4147975	8851654

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View details of Elektrik's funding rounds and investors

Elektrik's employee count trend

Elektrik has 1,021 employees as of Jul 26. Here is Elektrik's employee count trend over the years:

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Top competitors of Elektrik include Quantum, Conpromeding and Mvutilities. Here is the list of Top 10 competitors of Elektrik, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Elektrik 2018, Latvia, Seed	Retailer of motor vehicles, industrial goods, and marine supplies	-	Album VC, Lead Edge Capital & 2 others	37/100
2nd	Quantum 2007, Germany, Public	Provider of portfolio management, optimization, and energy service solutions for companies	-	-	28/100
3rd	Conpromeding 1992, Oaxaca (Mexico), Unfunded	Provider of electrical protection engineering, control, automation, and testing services	-	-	18/100
4th	Mvutilities United Kingdom, Unfunded	Provider of business-to-business utility procurement and management services for clients	-	-	17/100
5th	Powertech Associates 1992, Farmington (United States), Unfunded	Provider of equipment for electric utility overhead and underground distribution	-	-	16/100
6th	Wattlotsen Germany, Unfunded	Provider of tariff optimization services for electricity and gas procurement	-	-	16/100
7th	Momentum Energy 2026, Unfunded	Provider of software for managing energy procurement and renewal workflows	-	-	-