Valuation
$16.2M
2021 Revenue
$5.4M
Customers
100K
Funding
$0
Avg ACV
$54
Team
160
Founded
2015
How Coretex CEO Selwyn Pellett grew to $5.4M revenue and 100K customers in 2021.
Developer of applications for the freight and logistics industry. The company offers an in-vehicle computer that is designed to provide fleet managers a tool to collect information about their vehicles, drivers and journeys. The company also offers a reporting and visualization application that complements information retrieved from ibright hardware.
Last updated
Coretex Revenue
In 2021, Coretex's revenue reached $5.4M. Since its launch in 2015, Coretex has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Coretex Hit $5.4m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
Coretex Valuation, Funding Rounds
Coretex's most recent disclosed valuation is $16.2M.
Coretex is a bootstrapped Data Visualization Tools startup. Founded in 2015, Coretex has grown to $5.4M in revenue without raising any venture capital or outside funding.
As a self-funded Data Visualization Tools SaaS company, Coretex has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Selwyn Pellett
Founder and CEO of Coretex Ltd (Created by merger of International Telematics Holdings Limited and Imarda Ltd), Co founder and Director of Swaytech Ltd, Director of Sublime Group Ltd, Director of Nat Group Pty Ltd. Focused on improving the standing of living in New Zealand by building companies, and creating high value jobs that can help deliver a sustainable, High Wage, High Growth, Hi Tech economy. Previously Co founder, CEO and Chairman of Endace Ltd. As former CEO and co-founder of the Endace Ltd I lead Endace to be the first New Zealand registered company to list on the UK's AIM stock market in June 2005. Endace was sold to Emulex in March 2013. Selwyn has worked in the electronics industry in New Zealand, Australia and Asia for over 20 years with the last 12 years focused on the global Network Security and Telematics markets. His extensive experience in international sales, marketing, strategic planning and supply chain management in small start-ups through to multi-billion dollar corporations gives Selwyn a unique perspective on New Zealand into global markets. Specialties: Strategic planning, International Sales (to large corporates and governments), B2B Marketing and Supply Chain Management
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Coretex serves 100K customers.
Coretex Employees & Team Size
Coretex employs approximately 160 people as of 2026, including 11 sales reps that carry a quota. It serves 100K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 160 employees (April 2021) |
Frequently Asked Questions about Coretex
What is Coretex's revenue?
Coretex generates $5.4M in revenue.
Who founded Coretex?
Coretex was founded by Selwyn Pellett.
Who is the CEO of Coretex?
The CEO of Coretex is Selwyn Pellett.
How much funding does Coretex have?
Coretex raised $0.
How many employees does Coretex have?
Coretex has 160 employees.
Where is Coretex headquarters?
Coretex is headquartered in Auckland, New Zealand.
Compare Coretex to the industry
Coretex operates across multiple industries. Browse revenue, funding, and growth data for Coretex in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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