Loading organizations...
AEG, originally Allgemeine Elektricitäts-Gesellschaft, designs and manufactures a wide range of electrical products, with a significant modern presence in household appliances. The company builds durable goods that integrate advanced engineering for domestic use, encompassing kitchen, laundry, and floor care categories. Its offerings are known for combining German engineering principles with practical design to deliver reliable solutions for everyday living.
The company was established in 1883 by engineer Emil Rathenau in Berlin as the Deutsche Edison-Gesellschaft für angewandte Elektricität. Rathenau's foundational insight stemmed from securing licenses for Thomas Edison's electric light bulb patents in Germany. This strategic move allowed him to commercialize electric lighting technology, laying the groundwork for a broader engagement in electrical engineering and manufacturing with initial support from financial institutions and private investors.
AEG primarily serves consumers seeking high-quality, long-lasting household appliances, extending its legacy from industrial electrical systems to modern homes. The company's vision centers on enhancing domestic life through innovative and efficient electrical technology, ensuring user convenience and sustainability. Its long-term commitment involves continuous development of intelligent appliance solutions that meet evolving consumer demands for performance and design.
Key people at AEG.
AEG was founded in 1994 by Jesse Scuderi (Founder & COO).
AEG has 1 tracked investment across 1 company. The latest tracked deal is $30.0M Series B in Immortals Gaming Club in April 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2019 | Immortals Gaming Club | $30.0M Series B | — | George Leiva, Gregory Milken, John Griffin, MEG Whitman, Michael Milken, Steve Kaplan, Lionsgate, March Capital |
Key people at AEG.
AEG was founded in 1994 by Jesse Scuderi (Founder & COO).