Borit Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 28

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $48.1M

Borit General Information

Description

Manufacturer of hydroformed components and assemblies intended to contribute to the clean energy economy. The company uses proprietary forming technology and offers metal bipolar plates, flow fields, structural parts and panels among others along with cutting, laser welding, coating and sealing, enabling industries to get precision sheet metal sheets for use in transportation, construction, furniture, packaging and general industrial applications.

Contact Information

Website
www.borit.be
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Lammerdries 18e
  • 2440 Geel
  • Belgium
+32 014
Primary Industry
Industrial Supplies and Parts
Other Industries
Alternative Energy Equipment
Other Commercial Products
Parent Company
Weifu High-Technology Group
Vertical(s)
Manufacturing
Corporate Office
  • Lammerdries 18e
  • 2440 Geel
  • Belgium
+32 014

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Borit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 20-Nov-2020 $48.1M Completed Generating Revenue
5. Later Stage VC 17-Jun-2020 Completed Generating Revenue
4. Later Stage VC 04-Aug-2015 Completed Generating Revenue
3. Later Stage VC 30-Dec-2014 Completed Generating Revenue
2. Early Stage VC 26-Oct-2011 $1.07M $4.73M Completed Startup
1. Early Stage VC 23-Apr-2010 $3.66M $3.66M Completed Startup
To view Borit’s complete valuation and funding history, request access »

Borit Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Class D
Class C
Class B 6,597 $14.59 $14.59 1x $14.59 1.01%
Class A 260,863 $14.59 $14.59 1x $14.59 40.12%
To view Borit’s complete cap table history, request access »

Borit Patents

  • 7

    Total Documents Applications and Grants

  • Total Patents Families

  • 1

    Granted

  • 2

    Pending

  • Expiring in next 12 mo

Borit Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3174848-A1 Positioning a first and second metal plate in a laser beam welding position Pending 06-Apr-2020
EP-4132741-A1 Positioning a first and second metal plate in a laser beam welding position Pending 06-Apr-2020
US-20230150064-A1 Positioning a first and second metal plate in a laser beam welding position Inactive 06-Apr-2020
WO-2021204681-A1 Positioning a first and second metal plate in a laser beam welding position Inactive 06-Apr-2020
EP-3224888-A1 Fuel cell component and method of manufacturing of a fuel cell component Active 27-Nov-2014 H01M8/0284
To view Borit’s complete patent history, request access »

Borit Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Borit Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
Finindus Venture Capital Minority
OCAS Ventures Venture Capital Minority
PMV (Belgium) Asset Manager Minority
To view Borit’s complete investors history, request access »

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Borit FAQs

  • When was Borit founded?

    Borit was founded in 2009.

  • Where is Borit headquartered?

    Borit is headquartered in Geel, Belgium.

  • What is the size of Borit?

    Borit has 28 total employees.

  • What industry is Borit in?

    Borit’s primary industry is Industrial Supplies and Parts.

  • Is Borit a private or public company?

    Borit is a Private company.

  • What is the current valuation of Borit?

    The current valuation of Borit is .

  • What is Borit’s current revenue?

    The current revenue for Borit is .

  • How much funding has Borit raised over time?

    Borit has raised $14.7M.

  • Who are Borit’s investors?

    Finindus, OCAS Ventures, and PMV (Belgium) have invested in Borit.

  • When was Borit acquired?

    Borit was acquired on 20-Nov-2020.

  • Who acquired Borit?

    Borit was acquired by Weifu High-Technology Group.

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