Reetec - About the company
Reetec is a series D company based in Porsgrunn (Norway), founded in 2008. It operates as a Manufacturer of rare earth elements. Reetec has raised $117M in funding from Nysno. The company has 1154 active competitors, including 8 funded and 225 that have exited. Its top competitors include companies like Rio Tinto, Glencore and Century Metal Recycling.
Company Details
REEtec is an advanced material company which manufactures rare earth elements. Its product portfolio includes nitrates and oxides at multiple purity levels. Its products are used in multiple green technologies, including magnets for wind turbines, hybrid-car batteries, LED lamps, medical equipment and electronics like smart phones, tablets and TVs.
- Website
- www.reetec.no/
- Email ID
- *****@reetec.no
Key Metrics
Founded Year
2008
Location
Porsgrunn, Norway
Stage
Series D
Total Funding
$117M in 2 rounds
Latest Funding Round
Ranked
102nd among 1154 active competitors
Annual Revenue
$0 - $1M as on Dec 31, 2022
Employee Count
14 as on Aug 31, 2026
Legal entities associated with Reetec
Reetec is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
REETEC AS CIN: 928177165 , Norway, Active | $0 - $1M (As on Dec 31, 2022) | - |
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Reetec's funding and investors
Reetec has raised a total funding of $117M over 2 rounds. Its first funding round was on Jun 01, 2018. Its latest funding round was a Series D round on Nov 08, 2022 for $*****. 8 investors participated in its latest round. Reetec has 9 institutional investors.
Here is the list of recent funding rounds of Reetec:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 08, 2022 | 5603550 | Series D | 6982883 | 6394660 | 9771998 | 3624370 |
Jun 01, 2018 | 3457824 | Grant (prize money) | 1553354 | 8107302 | 2761207 |
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Reetec's founders and board of directors
Founder? Claim ProfileReetec's employee count trend
Reetec has 14 employees as of Aug 26. Here is Reetec's employee count trend over the years:
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Reetec's Competitors and alternates
Top competitors of Reetec include Rio Tinto, Glencore and Century Metal Recycling. Here is the list of Top 10 competitors of Reetec, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Rio Tinto 1873, London (United Kingdom), Public | Manufacturer of metals and minerals | - | 74/100 | |
2nd | Glencore 1974, Baar (Switzerland), Public | Producer and supplier of metals and minerals | $2.2B | 70/100 | |
3rd |  Century Metal Recycling 2005, Faridabad (India), Public | Manufacturer of aluminium and zinc alloys through metal scrap recycling | $24.5M | 66/100 | |
4th |  Korean Zink 1974, Seoul (South Korea), Public | Mining and Industrial group | - | - | 58/100 |
5th |  POSCO 1968, Pohang si (South Korea), Public | Platform offering steel production | - | 58/100 | |
6th |  Mueller Industries 1917, Collierville (United States), Public | Manufacturer of brass, copper, plastic, and aluminium plumbing products | - | - | 57/100 |
7th | Conglomerate active in mining, metal refining and power generation | - | 57/100 | ||
8th |  Shyam Metalics 1991, Kolkata (India), Public | Manufacturer of steel and metal products | - | 56/100 | |
9th |  GFG Alliance 1955, London (United Kingdom), Funding Raised | Producer of steel, aluminum, and resources for sustainable industry | - | 55/100 | |
10th |  Kirloskar Ferrous 1991, Pune (India), Public | Manufacturer of pig iron and iron castings for diverse industries | - | - | 55/100 |
102nd | Manufacturer of rare earth elements | $117M | 32/100 |
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Reetec's Investments and acquisitions
Reetec has made no investments or acquisitions yet.
Reports related to Reetec
Here is the latest report on Reetec's sector:
News related to Reetec
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TechMet: Over $1 Billion Valuation With New $50 Million Commitment From DFCPulse 2.0•Dec 14, 2023•TechMet, Brazilian Nickel, U.S. VANADIUM, Reetec and 1 other
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EV parts maker Schaeffler signs first of a kind European rare earth dealReuters•Apr 19, 2022•Schaeffler, Reetec
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