Ericsson

company

About

Ericsson is a technology company that provides and operates telecommunications networks, television and video systems, and related services.

Details

Last Funding Type
Post-IPO Equity
Last Funding Money Raised
$370M
Industries
Information Technology,Internet,Mobile,Telecommunications
Founded date
Jan 1, 1876
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
nasdaq:ERIC
Legal Name
Telefonaktiebolaget LM Ericsson
Investor Type
Hedge Fund,MVC

Ericsson is a provider of technology and services to telecom operators. It offers 2G, 3G, and 4G mobile technologies, supports networks with over 2 billion subscribers, and has the leading position in managed services. The company's portfolio comprises mobile and fixed network infrastructure, telecom services, software, broadband, and multimedia solutions for operators, enterprises, and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices. Ericsson is advancing its vision of being the "prime driver in an all-communicating world" through innovation, technology, and sustainable business solutions.

Working in 175 countries, more than 80,000 employees generated revenue of SEK 206.5 billion (USD 27.1 billion) in 2009.

Founded in 1876 with headquarters in Stockholm, Sweden, Ericsson is listed on OMX NASDAQ, Stockholm, and NASDAQ New York.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$370M €250M
Ericsson has raised a total of $370M €250M in funding over 2 rounds. Their latest funding was raised on Jun 5, 2018 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 5, 2018 Post-IPO Debt €250M 1 European Investment Bank Detail
Dec 27, 2017 Post-IPO Equity $370M 2 Nordic Investment Bank
Svensk Exportkredit
Detail
May 30, 2017 Post-IPO Equity 1 Cevian Capital Detail
Aug 28, 1981 IPO Detail

Investments

Number of Investments
Number of Lead Investments
19
3
Ericsson has made 19 investments. Their most recent investment was on Mar 17, 2022, when Metric raised $0.91M.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 17, 2022 Metric
Pre-seed $0.91M FinTech
Jan 5, 2022 Formant
Series A $18M Cloud Data Services
May 6, 2021 Einride
Series B $110M Autonomous Vehicles
Apr 9, 2019 PubNub
Series D $23M Apps
Jun 11, 2018 Balena
Funding Round $5M Internet of Things

Investors

Number of Lead Investors
Number of Investors
4
4
Ericsson is funded by 4 investors. European Investment Bank and Nordic Investment Bank are the most recent investors.
Investor Name Lead Investor Funding Round
European Investment Bank Yes Post-IPO Debt
Nordic Investment Bank Yes Post-IPO Equity
Svensk Exportkredit Yes Post-IPO Equity
Cevian Capital Yes Post-IPO Equity

Employee Profiles

Number of Employee Profiles
221
Ericsson has 221 current employee profiles, including Board member Sukhinder Singh Cassidy
Executive
Board member
Executive
Executive

Exits

Ericsson has had 8 exits. Ericsson most notable exits include Pluribus Networks ,   Trifacta

Date Company Name Exit Type Industry
Aug 1, 2022 Pluribus Networks M&A Big Data Detail
Jan 6, 2022 Trifacta M&A Analytics Detail
May 15, 2018 Cask M&A Analytics Detail
Sep 1, 2015 Sand 9 M&A Electronics Detail
Apr 7, 2009 Arantech M&A Communications Infrastructure Detail

Acquisition

Ericsson has acquired 39 organizations. Their most recent acquisition was Advanced Computer Communications on Sep 10, 1998. They acquired Advanced Computer Communications for $285M.

Date Company Name
Industry Acquisition Type Price
Communications Infrastructure acquisition $ 285M Detail
Manufacturing acquisition $ 100M Detail
Developer Platform acquisition Detail
Jul 4, 2005 Teleca
Enterprise Software acquisition Detail
Jul 25, 2005 Axxessit AS
Communication Hardware acquisition Detail