SALTO Systems Valuation, Funding & Investors

SALTO Systems is valued at $96M as of December 2018.

Last SALTO Systems valuation

$96M

Undisclosed stage · Dec 2018

Last SALTO Systems funding round

$147M

Undisclosed stage · Oct 2020

Cumulative funding SALTO Systems raised

$195M

across 3 funding rounds

Key investors in SALTO Systems

SALTO Systems Overview

About SALTO Systems

SALTO Systems is an Oiartzun, Spain-based provider of wireless access control solutions securing over 3 million doors in airports, hospitals, government buildings, military bases, colleges, and hotels globally. The XS4 SVN platform delivers standalone networked electronic locks with online real-time capabilities for user monitoring and integration with existing building systems. Hardware supports wire-free networking for instant control and enhanced manageability in diverse environments.


Founded

2001

HQ

SpainSan Sebastián

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$96M (Dec 2018)

SALTO Systems Valuation

SALTO Systems is currently valued at $96M, based on its undisclosed-stage round in December 2018.

The $48M round was led by Capital One, with participation from Quassar Capital, Bank of America, Peak 6 and Citadel.

SALTO Systems valuation by funding round

SALTO Systems valuation by funding round
DateStageValuation
Dec 2018Undisclosed stage$96M

SALTO Systems Funding History

SALTO Systems has raised a total of $195M across 3 funding rounds, plus 1 secondary share sale.

SALTO Systems' first fundraising round was a strategic investment round in December 2013. The most recent completed round was a $147M undisclosed-stage round in October 2020.

SALTO Systems funding rounds

SALTO Systems funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026SecondaryInflexion; Key Wolf; Beraunberri; Alantra Partners; Asúa Inversiones---
Oct 2020Undisclosed stageFlorac; Peninsula Capital; Alantra Partners; Sofina$147M-SALTO Systems raised a EUR 125 million capital increase subscribed by existing shareholder Alantra and new investors Sofina, Peninsula Capital and Florac. The proceeds funded SALTO's acquisition of Gantner Electronic Austria Holding, a supplier of access, locker, cashless payment and ticketing systems for leisure facilities. After the transaction financial investors held a combined 30% of SALTO, with founders and managers keeping 60% and private investors the remainder.
Dec 2018Undisclosed stageCapital One (lead); Quassar Capital; Bank of America; Peak 6; Citadel$48M$96M-
Dec 2013Strategic investmentAlantra Partners--SALTO Systems designs electronic locks, credentials and cloud software that control access to buildings and secure spaces. Its systems are installed in education, hospitality, healthcare, workplaces, transport and residential properties across international markets. The company combines connected hardware with mobile credentials, identity management and integrations for property operators. The investment gave Alantra a direct ownership position and exposure to the company’s operating development, international expansion and sector growth. The capital supported SALTO Systems's product development, commercial expansion, organisational capacity and ability to serve a broader international customer base during the next stage of its growth. SALTO Systems is an Oiartzun, Spain-based provider of wireless access control solutions securing over 3 million doors in airports, hospitals, government buildings, military bases, colleges, and hotels globally. The XS4 SVN platform delivers standalone networked electronic locks with online real-time capabilities for user monitoring and integration with existing building systems.

Who has invested in SALTO Systems?

13 investors have backed SALTO Systems across its funding rounds, including Alantra Partners, Sofina, Inflexion, Bank of America, Peak 6 and Capital One.

Lead investors include Capital One.


SALTO Systems Investors

Investors in SALTO Systems by funding rounds participated
InvestorHQRoundsRoleFirst check
Alantra PartnersSpainMadrid3ParticipantDec 2013
InflexionUnited KingdomLondon1ParticipantJul 2026
Quassar CapitalUnited StatesUnited States1ParticipantDec 2018
Key Wolf--1ParticipantJul 2026
FloracFranceParis1ParticipantOct 2020
Bank of AmericaUnited StatesCharlotte, NC1ParticipantDec 2018
Beraunberri--1ParticipantJul 2026
Peninsula Capital--1ParticipantOct 2020
Peak 6United StatesChicago, IL1ParticipantDec 2018
SofinaBelgiumBrussels1ParticipantOct 2020
Capital OneUnited StatesWashington, DC1LeadDec 2018

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Acquisitions by SALTO Systems

SALTO Systems has acquired 17 companies to date.

Last acquisition by SALTO Systems was on March 18th 2026. SALTO Systems acquired Tactics for undisclosed valuation.


Latest Acquisitions by SALTO Systems

Tactics
ATZ
Stentron
Michel Consulting
Description
Tactics is a Belgian software company serving sports, leisure and cultural organisations. Its platform supports ticketing, memberships, bookings, customer administration and access at venues with recurring visitors. Operators use the tools to manage programmes and connect commercial activity with entry control. Vintia, part of the SALTO WECOSYSTEM, acquired Tactics to broaden its position in venue-management software. The combination adds a Belgian customer base and complementary product expertise to Vintia’s existing leisure technology. Tactics earns recurring software and service revenue from professional organisations rather than transaction revenue from owning events. Integration with SALTO credentials and access products can give venues a connected workflow from registration and payment through physical entry.
ATZ is a Portuguese precision-manufacturing and engineering company that supplies components for electronic access and related industrial products. Its operations include tooling, machining, assembly and production support for customers that need controlled quality and dependable delivery. SALTO Systems acquired a majority stake to deepen its supply-chain capabilities and support continued product innovation. The partnership adds Portuguese manufacturing expertise while allowing ATZ to work with a larger international access-technology group. Industrial customers value the company’s ability to move from engineering requirements into repeatable production. The business remains focused on specialised business-to-business manufacturing rather than selling access systems directly to end users. The investment also increases production resilience for components used across SALTO’s international hardware portfolio.
Stentron is a Lithuanian access-control and security technology company that became the base for SALTO Systems’ local subsidiary. It serves professional customers with electronic locking, building access and technical project support. The team brings relationships with integrators, property operators and institutions in Lithuania and nearby Baltic markets. SALTO Systems acquired the operation to establish a direct local presence and improve sales, deployment and after-sales service. The business connects SALTO’s international product portfolio with local specification, installation and customer requirements. Its work is project based and business-to-business, covering systems that manage user permissions across commercial and institutional premises. The subsidiary also supports the group’s long-term market development in the region.
Michel Consulting is a developer of cloud software for swimming pools, leisure centres and other visitor facilities. Its tools support booking, membership, access, payments and operating administration from a shared digital platform. Municipal and private venue operators use the system to manage customers and coordinate day-to-day services. SALTO Systems acquired the company to connect access-control hardware with the commercial workflows surrounding leisure facilities. Michel brings sector-specific software and customer relationships, while SALTO contributes credentials, locks and international reach. The combination allows venues to manage the visitor journey from reservation through entry and on-site activity. The business earns recurring software and service revenue from professional operators rather than selling general consumer applications.
HQ CountryBelgiumPortugalLithuaniaGermany
HQ City
Ghent
Braga
Vilnius
Stuttgart
Deal Date18 Mar 202621 Jan 202623 Jul 20251 Jan 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by SALTO Systems

SALTO Systems has invested in 2 companies to date.

Latest investment by SALTO Systems was on January 1st 2024. SALTO Systems invested in Trustech in their Strategic investment round.


Latest Investments by SALTO Systems

Trustech
Belter
Description
Trustech develops building-energy management technology for commercial and institutional properties. Its software and connected controls help operators monitor consumption, manage equipment and identify opportunities to reduce energy use. Customers include property owners, facility managers and organisations running multi-site estates. SALTO Systems made a strategic investment to link energy performance with its broader digital-building and access ecosystem. Trustech combines sensors, data collection, operational dashboards and project implementation. The technology is designed for existing buildings as well as new installations, where multiple systems must be coordinated. Its value comes from turning building data into practical control and maintenance actions for professional teams rather than offering a household energy application.
Belter is a developer of parcel-locker technology for residential, commercial and public locations. Its hardware and software let couriers deposit deliveries securely and notify recipients for later collection. Property managers and logistics operators use the systems to reduce failed deliveries and avoid manual package handling. SALTO Systems made a strategic investment to connect parcel management with its wider smart-access ecosystem. Belter combines locker design, electronic controls, cloud management and integrations with delivery workflows. Deployments can serve apartment buildings, workplaces, campuses and shared neighbourhood locations. The business works with professional property and logistics customers that require durable equipment, controlled access and remote operating visibility across fleets of connected lockers.
HQ CountrySpainSpain
HQ City
Madrid
Barcelona
Deal Date1 Jan 20241 Jan 2024
RoundStrategic investmentStrategic investment
Raisedundisclosedundisclosed
Investors--
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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SALTO Systems Competitors

SALTO Systems competitors include listed companies like Xtract One Technologies and Careium, and private ones like NineID, One Key Access, NFCkey and Tascent.

Public and private companies comparable to SALTO Systems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NineIDBelgiumGhentPrivate--$24M-
One Key AccessAustraliaMelbournePrivate--$1M-
NFCkeyRussiaMoscowPrivate--$500K-
TascentUnited StatesSan Jose, CAPrivate--$100M-
Xtract One TechnologiesCanadaCanadaPublicly listed$21M($3M)$78M2.9x
CareiumSwedenSwedenPublicly listed$87M$11M$70M0.9x

SALTO Systems Public Comps

SALTO Systems is still privately-owned, but its public comps include Xtract One Technologies, Careium, Genasys, Orad, Sibek, Concorde International, Senstar Technologies, Synectics, Intelligent Monitoring Group and Kudelski.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Xtract One Technologies$21M($3M)3.2x2.9x(19.6x)(43.8x)
Careium$87M$11M1.0x0.9x7.9x5.8x
Genasys$41M($13M)2.0x1.4x(6.2x)20.7x
Orad------
Sibek$18M$3M2.3x-13.7x-
Concorde International$12M($14M)3.9x-(3.4x)-
Senstar Technologies$36M$3M1.0x-10.8x-
Synectics$91M$10M0.3x0.4x3.2x5.4x

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Common questions about SALTO Systems

When was SALTO Systems founded?SALTO Systems was founded in 2001.
Where is SALTO Systems headquartered?SALTO Systems is headquartered in San Sebastián, Spain.
Is SALTO Systems publicly listed?No, SALTO Systems is a private, VC-backed company.
What is SALTO Systems' valuation?SALTO Systems was last valued at $96M in its undisclosed-stage round in December 2018.
How much funding has SALTO Systems raised?SALTO Systems has raised $195M across 3 funding rounds.
What was SALTO Systems' last funding round?SALTO Systems' last funding round was a $147M undisclosed-stage round in October 2020.
Who are SALTO Systems' investors?SALTO Systems' investors include Alantra Partners, Inflexion, Quassar Capital, Key Wolf, Florac, Bank of America, Beraunberri, Peninsula Capital, Peak 6, Sofina and 3 others.
Which companies are comparable to SALTO Systems?Companies comparable to SALTO Systems include NineID, One Key Access, NFCkey, Tascent, Xtract One Technologies and Careium.
How many companies has SALTO Systems acquired?SALTO Systems has acquired 17 companies, including Tactics, ATZ, Stentron, Michel Consulting and TouchByte.
How many companies has SALTO Systems invested in?SALTO Systems has invested in 2 companies, including Trustech and Belter.
What was SALTO Systems' last investment?In January 2024, SALTO Systems invested in Trustech's strategic investment round.

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