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 2 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 2 funding rounds, plus 1 secondary share sale.

SALTO Systems' first fundraising round was a $48M undisclosed-stage round in December 2018. 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-

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 PartnersSpainMadrid2ParticipantOct 2020
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 3 companies to date.

Last acquisition by SALTO Systems was on March 8th 2022. SALTO Systems acquired Cognitec Systems for undisclosed valuation.


Latest Acquisitions by SALTO Systems

Cognitec Systems
Gantner Technologies
Clay
Description
Cognitec Systems is a Dresden-headquartered biometrics firm founded in 2002, renowned for FaceVACS face recognition technology developed since 1995. Serving government and industry clients globally, it employs nearly 60 staff across headquarters and sales offices in the United States and Australia, complemented by consulting and support services at http://www.cognitec.com/.
Gantner Technologies is an Austria-based pioneer in contactless NFC electronic hardware, developing solutions for access control, time tracking, and data capture.
Clay is an Amsterdam-based provider of wireless smart lock technology founded in 2012, specializing in cloud-managed access control systems for hotels, offices, and apartments. Its locking platform integrates with existing hardware, offering keyless entry, remote management, and global support networks without requiring manufacturing investments.
HQ CountryGermanyAustriaNetherlands
HQ City
Dresden
Schruns
Amsterdam
Deal Date8 Mar 202215 Oct 202020 Jun 2017
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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SALTO Systems Competitors

SALTO Systems competitors include listed companies like Concorde International and Xtract One Technologies, 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-
Concorde InternationalSingaporeSingaporePublicly listed$12M($14M)$96M-
TascentUnited StatesSan Jose, CAPrivate--$100M-
Xtract One TechnologiesCanadaCanadaPublicly listed$10M($7M)$101M4.0x

SALTO Systems Public Comps

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

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Concorde International$12M($14M)8.0x-(7.0x)-
Xtract One Technologies$10M($7M)9.1x4.0x(12.9x)(52.9x)
Genasys$41M($13M)2.1x1.5x(6.6x)75.8x
Careium$87M$11M1.0x0.9x7.6x5.8x
Sibek$18M$3M3.2x-18.5x-
Bridger Aerospace Group$123M$43M6.0x5.6x17.3x14.1x
Orad------
Sustainion Group$55M$5M1.0x0.7x10.5x8.1x

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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 2 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, Concorde International, Tascent and Xtract One Technologies.
How many companies has SALTO Systems acquired?SALTO Systems has acquired 3 companies, including Cognitec Systems, Gantner Technologies and Clay.

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