Cling Systems Overview
- Year Founded
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2020
- Status
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Private
- Employees
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20
- Latest Deal Type
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Early Stage VC
- Latest Deal Amount
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$1.37M
- Investors
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13
Cling Systems General Information
Description
Developer of a circularity platform designed to build intelligent technology that focuses on end-of-life batteries. The company offers data and trading infrastructure for a circular battery ecosystem, incentivizing their participation by navigating complexity and difficulties in the status quo by lowering the barriers to participation through digital tools and expertise, enabling repurposing, reusing, and recycling of end-of-life batteries in the present to ensure a supply of raw materials and energy for the future.
Contact Information
Website
www.clingsystems.comCorporate Office
- Jakobsbergsgatan 24
- 114 44 Stockholm
- Sweden
Corporate Office
- Jakobsbergsgatan 24
- 114 44 Stockholm
- Sweden
Cling Systems Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Early Stage VC | 12-Dec-2023 | $1.37M | Completed | Generating Revenue | ||
| 4. Seed Round | 14-Dec-2021 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | 08-Feb-2021 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | $125K | Completed | Startup | |||
| 1. Accelerator/Incubator | 01-Jan-2021 | $125K | $125K | Completed | Startup |
Cling Systems Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | 2,504 | $32.74 | $32.74 | 1x | $32.74 | 6.12% |
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Cling Systems Related Research & Analysis
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Cling Systems Investors (13)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Assartorps Säteri | Other | Minority | ||
| Angel (individual) | Minority | |||
| First Venture Sweden | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Lund University | University | Minority |
Cling Systems FAQs
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When was Cling Systems founded?
Cling Systems was founded in 2020.
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Where is Cling Systems headquartered?
Cling Systems is headquartered in Stockholm, Sweden.
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What is the size of Cling Systems?
Cling Systems has 20 total employees.
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What industry is Cling Systems in?
Cling Systems’s primary industry is Business/Productivity Software.
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Is Cling Systems a private or public company?
Cling Systems is a Private company.
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What is the current valuation of Cling Systems?
The current valuation of Cling Systems is .
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What is Cling Systems’s current revenue?
The current revenue for Cling Systems is .
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How much funding has Cling Systems raised over time?
Cling Systems has raised $3.92M.
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Who are Cling Systems’s investors?
Assartorps Säteri, , First Venture Sweden, , and Lund University are 5 of 13 investors who have invested in Cling Systems.
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