Where is Essential located?

Essential is headquartered in Palo Alto, United States.

How many employees does Essential have?

As of Dec 31, 2022, Essential has 120 employees, reflecting a 2% year-over-year decline in headcount.

Is Essential a funded company?

Essential is a funded company, having raised a total of $345M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round.

How much is Essential worth?

The last known valuation of Essential was $***** as of May 30, 2019.

When was the latest funding round of Essential?

Essential's latest funding was a $***** Series B round on Oct 12, 2017, with participation from 5 investors.

Where does Essential rank among its competitors?

Essential ranks 7th amongst 70 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Sonim Technologies, which secured $12.5M in Jul, 2022.

Who are the top competitors of Essential?

Essential's top competitors include Apple, Motorola Mobility and Sonim Technologies. Among them, Sonim Technologies secured the most recent funding round in July, 2022.

Essential - 2026 Company Profile, Team, Funding & Competitors

Essential is an acquired company based in Palo Alto (United States), founded in 2015 by Matt Hershenson. It operates as a Manufacturer of smartphones and accessories. Essential has raised $345M in funding from Google Ventures, with last known valuation of $*****. The company has 70 active competitors, including 4 funded and 10 that have exited. Its top competitors include companies like Apple, Motorola Mobility and Sonim Technologies.

Company Details

Website: www.essential.com
Social
Email ID: *****@essential.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

Palo Alto, United States

Stage

Acquired

Total Funding

$345M in 3 rounds

Latest Funding Round

Series B, Oct 12, 2017, $*****

Last Known Valuation

$***** as on May 30, 2019

Investors

Google Ventures & 10 more

Ranked

7^th among 70 active competitors

Employee Count

120 as on Dec 31, 2022

Investment & Acquisitions

CloudMagic

Similar Companies

Apple & 181 more

Exit Details

Acquired by Nothing (Feb 15, 2021)

View Essential's full profile

Essential is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Essential Products, Inc. CIN: 364821801 , United States, Active		-	120 (As on Dec 31, 2018)	-

Essential got acquired by Nothing on Feb 15, 2021.

Click here to take a look at Essential's acquisition in detail

Essential has raised a total funding of $345M over 3 rounds. Its latest funding round was a Series B round on Oct 12, 2017 for $*****. 5 investors participated in its latest round. Essential has 11 institutional investors.

Here is the list of recent funding rounds of Essential:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 12, 2017	9153114	Series B	3257802	6586219	3133461	4787236
2016	1040	Series B	2826	7327	8335	Playground Global & 4 more

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View details of Essential's funding rounds and investors

The founders of Essential is Matt Hershenson.

Here are the details of Essential's key team members:

Matt Hershenson: Co-Founder of Essential.

View details of Essential's Founder profiles and Board Members

Essential's employee count trend

Essential has 120 employees as of Dec 22. The total employee count is 2.0% lower than what it was in Dec 21. Here is Essential's employee count trend over the years:

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Top competitors of Essential include Apple, Motorola Mobility and Sonim Technologies. Here is the list of Top 10 competitors of Essential, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Apple 1976, Cupertino (United States), Public	Technology company and product innovator developing consumer electronics	-	Sequoia Capital, Berkshire Hathaway & 37 others	85/100
2nd	Motorola Mobility 1928, Chicago (United States), Acquired	Internet first brand of mobile, cases, tablets, and screen protector	$10M	Thomas Weisel Venture Partners, De Incubator ... & 3 others	80/100
3rd	Sonim Technologies 1999, San Mateo (United States), Public	Internet first brand of mobile and its accessories	$106M	Headline, B. Riley Financial & 9 others	66/100
4th	Lenovo 1984, Hong Kong (China), Acquired	Platform offering diversified servers	$200K	Runway, General Atlantic & 7 others	64/100
5th	RENPHO 2016, Eastvale (United States), Unfunded	Internet first brand for multi category electronic products	-	-	51/100
6th	J5create 2010, Kennesaw (United States), Unfunded	Internet first brand offering mobile and laptop accessories	-	-	50/100
7th	Essential 2015, Palo Alto (United States), Acquired	Manufacturer of smartphones and accessories	$345M	Top Tier Capital Partners, Foxconn Electronics ... & 9 others	49/100
8th	Moment 2014, Seattle (United States), Series A	Online marketplace for camera gear, bags, and creative tools	$6.3M	Lux Capital, Maveron & 6 others	48/100
9th	TOZO 2015, Seattle (United States), Unfunded	Internet first brand offering multi-category electronic devices	-	-	42/100
10th	VTech 1976, Beaverton (United States), Unfunded	Manufacturer of baby monitors	-	-	41/100