Whatnot Inc., established in 2019 and headquartered in Marina Del Rey, California, operates an online marketplace for buying, selling, and discovering a wide array of products, with a focus on authenticated Funkos and collectibles. The company's platform facilitates live shopping experiences, combining community engagement with entertainment to create a unique shopping environment. It verifies every product sold to ensure authenticity, fostering trust among collectors and enthusiasts who use the platform to safely buy, sell, and connect with one another.
Zip is a developer of an intelligent purchase request platform that simplifies the process for employees to initiate purchase or vendor requests. The platform streamlines approvals by automatically routing requests to the appropriate stakeholders across various departments, including procurement, finance, IT, data security, and legal. By integrating with major ERP and P2P solutions, Zip assists users in creating purchase requests and draft purchase orders efficiently. The system recommends preferred vendors, checks pricing against benchmarks, and ensures compliance, ultimately reducing the time spent on coordinating approvals and cutting costs for organizations.
Zepto is an e-grocery company that specializes in delivering daily essentials and grocery items directly to customers' doorsteps within a short timeframe. Utilizing a network of hyperlocal dark stores, Zepto stocks a variety of fresh produce, snack foods, and grocery products, which customers can conveniently order through its app or website. The company's service aims to enhance the shopping experience by providing quick access to essential items, catering to the needs of consumers in the retail, food and beverage, and logistics sectors. Zepto's focus on rapid delivery and a diverse product range positions it as a significant player in the online grocery market.
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.
Whatnot Inc., established in 2019 and headquartered in Marina Del Rey, California, operates an online marketplace for buying, selling, and discovering a wide array of products, with a focus on authenticated Funkos and collectibles. The company's platform facilitates live shopping experiences, combining community engagement with entertainment to create a unique shopping environment. It verifies every product sold to ensure authenticity, fostering trust among collectors and enthusiasts who use the platform to safely buy, sell, and connect with one another.
SpotOn is a technology company founded in 2017 by Doron Friedman, Matt Hyman, and Zach Hyman, headquartered in San Francisco, California. The company specializes in providing innovative software and payment solutions tailored for small and midsize businesses. SpotOn offers a comprehensive, cloud-based platform that includes tools for payments, point-of-sale systems, marketing, website development, online ordering, appointments, eCommerce, digital loyalty, and review management. By integrating these services, SpotOn aims to enhance operational efficiency and customer engagement for its clients. The company's mission is to empower businesses by delivering high-quality solutions at fair prices, supported by personalized local service.
Flexport, established in 2013, is a San Francisco-based company specializing in global freight forwarding and customs brokerage services. It offers an online platform that simplifies and streamlines international trade for businesses. Flexport's services include customs clearance, freight transportation by ocean, air, and road, along with value-added services such as cargo insurance, warehousing, and trade finance. The company's user-friendly dashboard enables clients to understand, purchase, manage, and track these services in real-time, optimizing their supply chain and logistics operations.
Deliverect
Series D in 2022
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.
Checkout.com
Series D in 2022
Checkout.com is a company that specializes in providing an online payments platform designed to facilitate secure digital transactions across the Internet. Established in 2012, it offers a comprehensive solution that supports payments in over 150 currencies, integrating local acquiring capabilities and advanced fraud detection through a single API. The platform enables businesses to accept all major international credit and debit cards, as well as various alternative and local payment methods. With a focus on eliminating intermediaries, Checkout.com connects retailers directly with customers' bank accounts, delivering data-rich insights that help enhance performance and improve approval rates. The company employs more than 1,700 people across 19 offices globally, ensuring local expertise and tailored risk management solutions to help businesses optimize their mobile and online purchasing while effectively managing potential risks.
Upgrade Inc., established in 2016 and headquartered in San Francisco with additional offices across North America, operates an online lending platform that combines access to personal loans and the Upgrade Card with free credit education tools and monitoring services. The company aims to provide affordable and responsible credit solutions to mainstream consumers, offering products such as personal loans and a unique credit card designed for use at retail locations nationwide. Additionally, Upgrade offers mobile banking products and educational resources to help consumers understand and manage their finances effectively.
Brex
Venture Round in 2021
Brex Inc. is a financial technology company that provides corporate credit cards and integrated financial services to businesses. Established in 2017 and headquartered in San Francisco, California, Brex has additional offices in Draper, Utah; Vancouver, Canada; and New York, New York. The company offers the Brex Mastercard Corporate Credit Card, which features reward programs for various categories, including rideshare, travel, dining, and software subscriptions. By combining financial services with existing software applications, Brex enables businesses to streamline their financial operations and empower employees to make informed financial decisions. This innovative approach helps companies navigate the complexities of the modern business environment and enhances their growth potential.
CRED is a members-only application that incentivizes users by offering exclusive rewards for timely credit card bill payments. The platform promotes financial responsibility by encouraging users to maintain good credit scores while rewarding them with various offers and discounts on shopping, health services, and other expenditures. CRED prioritizes the protection of user data through stringent security processes and compliance with regulatory standards, ensuring transparency and opt-in consent for data usage. By facilitating on-time credit card payments, CRED not only helps users manage their finances better but also enhances their overall spending experience with valuable rewards.
Airwallex
Series E in 2021
Airwallex is a global payments and financial platform that aims to streamline international transactions for businesses by eliminating the complexities and costs associated with traditional financial systems. The company offers a comprehensive suite of services, including payment processing, treasury management, and spend management, all integrated into a single platform. By leveraging an ecosystem of application programming interfaces, automation, and local payment networks, Airwallex enables clients to issue and pay invoices in their preferred currencies at mid-market foreign exchange rates. The platform is designed to support entrepreneurs and businesses in achieving their global objectives by providing seamless access to financial tools and opportunities worldwide.
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.
SpotOn is a technology company founded in 2017 by Doron Friedman, Matt Hyman, and Zach Hyman, headquartered in San Francisco, California. The company specializes in providing innovative software and payment solutions tailored for small and midsize businesses. SpotOn offers a comprehensive, cloud-based platform that includes tools for payments, point-of-sale systems, marketing, website development, online ordering, appointments, eCommerce, digital loyalty, and review management. By integrating these services, SpotOn aims to enhance operational efficiency and customer engagement for its clients. The company's mission is to empower businesses by delivering high-quality solutions at fair prices, supported by personalized local service.
Karrot Market
Series D in 2021
Karrot Market is a second-hand trading application that connects users within local neighborhoods to facilitate the buying and selling of used goods. Founded in 2015 and headquartered in Seongnam, South Korea, the platform allows users to register products via mobile and engage in direct communication with potential buyers through a chat feature. To enhance trust and safety, Karrot Market authenticates users' residency and incorporates a review-based rating system. The application includes various features such as neighborhood certification, a trading manner temperature indicator, and price drop notifications, all aimed at creating a seamless and secure trading experience for users. Through its online GPS service, buyers and sellers can easily locate each other, promoting face-to-face transactions within their communities.
Rappi is a consumer tech company operating an on-demand delivery platform in Latin America. It connects consumers with local merchants and independent contractors, facilitating the delivery of prepared foods, groceries, clothing, pharmaceuticals, liquor, and other items directly to customers' doorsteps.
Market Kurly
Series F in 2021
Market Kurly is an online grocery service based in Seoul, South Korea, that specializes in the delivery of fresh and premium food products. Founded in 2014, the platform allows users to order a wide range of items, including vegetables, fruits, meats, dairy, baked goods, and processed foods, all sourced directly from producers. Market Kurly focuses on providing high-quality ingredients and offers next-day delivery, ensuring that customers receive their orders promptly. The service also includes non-perishable items, enabling shoppers to conveniently access a variety of groceries. Through its innovative logistics and delivery system, Market Kurly aims to enhance the grocery shopping experience by transforming the way food is produced and distributed.
DealShare
Series D in 2021
DealShare is a social e-commerce startup that operates an online platform focused on multi-category consumer products, primarily targeting the growing base of users in non-metro and rural markets in India. The company aims to serve the 500 million users who are less familiar with online shopping and predominantly engage through mobile and social media. DealShare simplifies the purchasing process, allowing users to buy products with just a few clicks, and encourages them to share deals with friends. The platform features a diverse product catalog, including fruits, vegetables, grocery items, fashion accessories, and home décor. By leveraging demand aggregation and social virality, DealShare reduces operational costs and offers discounts based on group purchases, making it more affordable for users. The company emphasizes a curated assortment of products to enhance capital and price efficiency.
Faire is an online wholesale marketplace that connects retailers with unique merchandise while enabling brands to reach local stores. The platform is designed to alleviate the inventory risk often associated with wholesale purchasing, offering features such as net 60 payment terms and free returns. This approach allows local retailers and independent brands to compete effectively against larger competitors. Utilizing artificial intelligence and predictive analytics, Faire helps retailers forecast product demand and streamline inventory management, reducing the time and resources needed to source goods. Headquartered in San Francisco, California, and Kitchener, Ontario, Faire supports the growth of local retail through its innovative technology and data-driven insights.
SpotOn is a technology company founded in 2017 by Doron Friedman, Matt Hyman, and Zach Hyman, headquartered in San Francisco, California. The company specializes in providing innovative software and payment solutions tailored for small and midsize businesses. SpotOn offers a comprehensive, cloud-based platform that includes tools for payments, point-of-sale systems, marketing, website development, online ordering, appointments, eCommerce, digital loyalty, and review management. By integrating these services, SpotOn aims to enhance operational efficiency and customer engagement for its clients. The company's mission is to empower businesses by delivering high-quality solutions at fair prices, supported by personalized local service.
Figure Technologies, Inc. is a fintech company based in San Francisco, California, that specializes in providing innovative consumer financial solutions. Founded in 2018, the company leverages blockchain technology, artificial intelligence, and advanced analytics to offer a range of financial products, including home equity lines of credit, home improvement loans, and home buy-lease back offerings. Figure aims to address consumer needs related to home improvement, debt consolidation, and retirement planning, allowing customers to access capital in as few as five days. Additionally, the company features Provenance, its blockchain platform designed for business applications, further enhancing its service offerings in the financial sector.
TravelPerk
Series D in 2021
TravelPerk is a comprehensive platform designed to streamline business travel management by consolidating booking, reporting, and support into a single solution. The platform offers a diverse selection of travel options, including flights, hotels, and car rentals, which allows users to book their travel easily while adhering to company policies. It features an automated system that integrates customer service, reporting tools, and expense management capabilities, enabling organizations to oversee their travel arrangements effectively. Additionally, TravelPerk's technology facilitates the enforcement of travel policies, cost control, and data analysis, ultimately simplifying the travel planning process for businesses and their employees.
CRED is a members-only application that incentivizes users by offering exclusive rewards for timely credit card bill payments. The platform promotes financial responsibility by encouraging users to maintain good credit scores while rewarding them with various offers and discounts on shopping, health services, and other expenditures. CRED prioritizes the protection of user data through stringent security processes and compliance with regulatory standards, ensuring transparency and opt-in consent for data usage. By facilitating on-time credit card payments, CRED not only helps users manage their finances better but also enhances their overall spending experience with valuable rewards.
Dingdong Maicai
Series D in 2021
Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.
Nice Tuan
Private Equity Round in 2021
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.
Fetch Rewards, LLC operates a mobile application that enables users to scan their grocery receipts from various retail outlets, including grocery, convenience, drug, liquor, and club stores. Founded in 2012 and based in Madison, Wisconsin, the platform allows users to accumulate points through their purchases, which can then be redeemed for gift cards to various retailers. The app simplifies the savings process for consumers while offering brand partners valuable insights into shopping behaviors and the ability to reward customer loyalty effectively. Fetch Rewards aims to enhance the shopping experience by making it easy to save on everyday purchases.
Weee!, Inc. is an online grocery delivery platform based in Fremont, California, that specializes in providing a wide range of products tailored for Asian and Hispanic families. Founded in 2015, the company offers an extensive selection of groceries, including fresh fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves various metropolitan areas, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The platform focuses on delivering authentic gourmet delicacies from Asia and ensures a farm-to-door experience by partnering with local farms and trusted brands to source quality ingredients.
Wolt is a food delivery company that operates an online platform designed to facilitate the discovery and ordering of diverse cuisines. Users can easily browse a wide selection of restaurants, select their desired meals, and place orders for takeaway or home delivery. The platform emphasizes real-time logistics optimization, enhancing the efficiency of food delivery services. Through its user-friendly mobile interface, Wolt aims to provide a convenient solution for customers seeking quick access to quality food options.
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.
Faire is an online wholesale marketplace that connects retailers with unique merchandise while enabling brands to reach local stores. The platform is designed to alleviate the inventory risk often associated with wholesale purchasing, offering features such as net 60 payment terms and free returns. This approach allows local retailers and independent brands to compete effectively against larger competitors. Utilizing artificial intelligence and predictive analytics, Faire helps retailers forecast product demand and streamline inventory management, reducing the time and resources needed to source goods. Headquartered in San Francisco, California, and Kitchener, Ontario, Faire supports the growth of local retail through its innovative technology and data-driven insights.
Chime is a mobile banking and finance platform that offers users convenient access to banking services through their smartphones. The platform features a unique savings mechanism that automatically allocates a predetermined amount of money into savings after each transaction. Chime generates revenue from transaction fees paid by merchants, which aligns its interests with those of its users, promoting fee avoidance and encouraging savings. Additionally, the platform provides fee-free overdrafts and early access to paychecks, empowering users to gain greater control and flexibility over their financial situations while supporting their efforts to improve credit.
Airwallex
Series D in 2020
Airwallex is a global payments and financial platform that aims to streamline international transactions for businesses by eliminating the complexities and costs associated with traditional financial systems. The company offers a comprehensive suite of services, including payment processing, treasury management, and spend management, all integrated into a single platform. By leveraging an ecosystem of application programming interfaces, automation, and local payment networks, Airwallex enables clients to issue and pay invoices in their preferred currencies at mid-market foreign exchange rates. The platform is designed to support entrepreneurs and businesses in achieving their global objectives by providing seamless access to financial tools and opportunities worldwide.
Market Kurly
Series E in 2020
Market Kurly is an online grocery service based in Seoul, South Korea, that specializes in the delivery of fresh and premium food products. Founded in 2014, the platform allows users to order a wide range of items, including vegetables, fruits, meats, dairy, baked goods, and processed foods, all sourced directly from producers. Market Kurly focuses on providing high-quality ingredients and offers next-day delivery, ensuring that customers receive their orders promptly. The service also includes non-perishable items, enabling shoppers to conveniently access a variety of groceries. Through its innovative logistics and delivery system, Market Kurly aims to enhance the grocery shopping experience by transforming the way food is produced and distributed.
Revolut Limited, established in 2013 and headquartered in London, UK, is a financial services company specializing in mobile banking. It offers a mobile application enabling users to exchange currencies at interbank rates, send money via social networks, and spend using a multi-currency card. Revolut also provides insurance services, including phone, medical, and travel insurance, and has expanded its offerings to include cryptocurrency and stock trading. The company operates globally, facilitating cross-border money transfers and helping users manage their finances, make payments, and track spending through its user-friendly mobile app.
Baibu, founded in December 2013 and headquartered in the Haizhu District of Guangzhou City, is a pioneering mobile Internet company in China that has transformed the traditional trading model of the textile industry. As a leading B2B enterprise, Baibu operates a self-sustaining platform that facilitates the trading of textiles and fabrics, catering specifically to business clients. The company's platform not only enables the purchase of materials but also offers an enterprise resource planning inventory management system, enhancing the efficiency of buyers in sourcing patterned products online. With a strong core team comprised of industry veterans and experts from prominent companies, Baibu has established a substantial presence in the textile market, boasting over 5,000 successful shops and more than 20,000 buyers. Since its inception, the company has expanded its services to various regions, including Foshan, Dongguan, and Hangzhou, solidifying its position in the competitive textile market while maintaining steady growth.
Chime is a mobile banking and finance platform that offers users convenient access to banking services through their smartphones. The platform features a unique savings mechanism that automatically allocates a predetermined amount of money into savings after each transaction. Chime generates revenue from transaction fees paid by merchants, which aligns its interests with those of its users, promoting fee avoidance and encouraging savings. Additionally, the platform provides fee-free overdrafts and early access to paychecks, empowering users to gain greater control and flexibility over their financial situations while supporting their efforts to improve credit.
Robinhood
Series E in 2019
Robinhood Financial LLC is an online brokerage firm that provides commission-free trading services to self-directed investors through its mobile application and website. Established in 2012 and headquartered in Menlo Park, California, the company, previously known as Chronos Financial, LLC, rebranded in 2013. As a subsidiary of Robinhood Markets, Inc., Robinhood offers a comprehensive platform for trading stocks, options, exchange-traded funds (ETFs), and cryptocurrencies. The firm aims to democratize access to financial markets, allowing users to trade and manage their investments easily. Its innovative platform includes features such as fractional shares, recurring investments, and IPO access. Robinhood generates revenue primarily by routing user orders to market makers, facilitating transactions across various asset classes.
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.
Root Insurance
Series E in 2019
Root Insurance Company is a property-casualty insurtech based in Columbus, Ohio, that specializes in providing car insurance across the United States. Founded in 1998 and rebranded in 2016, the company leverages smartphone technology to assess driving behavior, such as braking patterns and speed, allowing it to identify safe drivers and offer them personalized, affordable insurance rates. Root Insurance provides a range of coverage options, including liability for bodily injury and property damage, as well as non-liability options like collision, comprehensive, and rental coverage. In addition to auto insurance, Root also offers app-based renters insurance, designed to be straightforward and tailored to consumer needs. The company operates as a subsidiary of IBOD COMPANY, Inc. and is committed to modernizing the car insurance industry through technology-driven solutions.
Nubank is a prominent digital bank revolutionizing finance with its customer-centric approach. It provides a variety of services, including credit cards, personal loans, and digital payments, all accessible through a simple mobile app. Known for transparency, ease of use, and low fees, Nubank aims to empower users with innovative solutions for better financial management.
Robinhood
Series E in 2019
Robinhood Financial LLC is an online brokerage firm that provides commission-free trading services to self-directed investors through its mobile application and website. Established in 2012 and headquartered in Menlo Park, California, the company, previously known as Chronos Financial, LLC, rebranded in 2013. As a subsidiary of Robinhood Markets, Inc., Robinhood offers a comprehensive platform for trading stocks, options, exchange-traded funds (ETFs), and cryptocurrencies. The firm aims to democratize access to financial markets, allowing users to trade and manage their investments easily. Its innovative platform includes features such as fractional shares, recurring investments, and IPO access. Robinhood generates revenue primarily by routing user orders to market makers, facilitating transactions across various asset classes.
Rappi is a consumer tech company operating an on-demand delivery platform in Latin America. It connects consumers with local merchants and independent contractors, facilitating the delivery of prepared foods, groceries, clothing, pharmaceuticals, liquor, and other items directly to customers' doorsteps.
Chime is a mobile banking and finance platform that offers users convenient access to banking services through their smartphones. The platform features a unique savings mechanism that automatically allocates a predetermined amount of money into savings after each transaction. Chime generates revenue from transaction fees paid by merchants, which aligns its interests with those of its users, promoting fee avoidance and encouraging savings. Additionally, the platform provides fee-free overdrafts and early access to paychecks, empowering users to gain greater control and flexibility over their financial situations while supporting their efforts to improve credit.
DoorDash, Inc. is a logistics platform that connects consumers, merchants, and delivery personnel, primarily in the United States and Europe. Founded in 2013 and headquartered in San Francisco, the company initially launched as PaloAltoDelivery.com before rebranding to DoorDash, Inc. in 2015. DoorDash offers a marketplace that allows local and national restaurants, as well as other businesses such as grocery stores and retailers, to reach customers through online ordering for pickup or delivery. The company's services include customer acquisition, delivery logistics, insights and analytics, payment processing, and customer support. Additionally, DoorDash operates DoorDash Drive, a white-label logistics service that further enhances its delivery capabilities. Through its platform, DoorDash aims to transform local businesses and strengthen community connections by building a robust last-mile delivery infrastructure.
Flexport, established in 2013, is a San Francisco-based company specializing in global freight forwarding and customs brokerage services. It offers an online platform that simplifies and streamlines international trade for businesses. Flexport's services include customs clearance, freight transportation by ocean, air, and road, along with value-added services such as cargo insurance, warehousing, and trade finance. The company's user-friendly dashboard enables clients to understand, purchase, manage, and track these services in real-time, optimizing their supply chain and logistics operations.
Acorns is a financial technology company founded in 2012 and based in Irvine, California. The company offers a mobile application that enables individuals to automate micro-investments by rounding up their everyday purchases and investing the spare change into a diversified portfolio of exchange-traded funds. Acorns employs a proprietary financial engine to facilitate these micro-investments, allowing users to invest small amounts of money effortlessly. In addition to its investment services, Acorns provides debit card, personal checking, investment, and retirement account options, making it easier for users to manage their finances and grow their savings over time.
Stripe is a technology company that develops APIs and tools for businesses to accept and manage online payments. It offers a range of products, including Payments, Subscriptions, Connect, Sigma, and Atlas, catering to various industries such as e-commerce, B2B platforms, and non-profits. Stripe also provides fraud detection tools like Radar and user interface components for custom payment forms with Stripe Elements. It supports international debit/credit cards and serves businesses in the U.S., Canada, Europe, and other regions. Additionally, Stripe Capital offers financing options based on payment history, with automatic repayment adjustments based on daily sales.
Rappi is a consumer tech company operating an on-demand delivery platform in Latin America. It connects consumers with local merchants and independent contractors, facilitating the delivery of prepared foods, groceries, clothing, pharmaceuticals, liquor, and other items directly to customers' doorsteps.
Maimai is a China-based career and social networking platform established in 2013 by Lin Fan. With tens of millions of users, it has become the most widely used professional social networking site in China, surpassing LinkedIn. The platform operates as a real-name workplace social network, allowing professionals to engage through live broadcasts, group chat rooms, and a news feed. Maimai facilitates the exchange of online contacts and job recruitment, promoting collaboration and enhancing work efficiency among its users.
DoorDash, Inc. is a logistics platform that connects consumers, merchants, and delivery personnel, primarily in the United States and Europe. Founded in 2013 and headquartered in San Francisco, the company initially launched as PaloAltoDelivery.com before rebranding to DoorDash, Inc. in 2015. DoorDash offers a marketplace that allows local and national restaurants, as well as other businesses such as grocery stores and retailers, to reach customers through online ordering for pickup or delivery. The company's services include customer acquisition, delivery logistics, insights and analytics, payment processing, and customer support. Additionally, DoorDash operates DoorDash Drive, a white-label logistics service that further enhances its delivery capabilities. Through its platform, DoorDash aims to transform local businesses and strengthen community connections by building a robust last-mile delivery infrastructure.
Robinhood
Series D in 2018
Robinhood Financial LLC is an online brokerage firm that provides commission-free trading services to self-directed investors through its mobile application and website. Established in 2012 and headquartered in Menlo Park, California, the company, previously known as Chronos Financial, LLC, rebranded in 2013. As a subsidiary of Robinhood Markets, Inc., Robinhood offers a comprehensive platform for trading stocks, options, exchange-traded funds (ETFs), and cryptocurrencies. The firm aims to democratize access to financial markets, allowing users to trade and manage their investments easily. Its innovative platform includes features such as fractional shares, recurring investments, and IPO access. Robinhood generates revenue primarily by routing user orders to market makers, facilitating transactions across various asset classes.
Nubank is a prominent digital bank revolutionizing finance with its customer-centric approach. It provides a variety of services, including credit cards, personal loans, and digital payments, all accessible through a simple mobile app. Known for transparency, ease of use, and low fees, Nubank aims to empower users with innovative solutions for better financial management.
Deliveroo
Series F in 2017
Deliveroo is an online food delivery platform headquartered in London, United Kingdom. Founded in 2012 by Gregory Orlowski and William Shu, the company connects consumers with local restaurants, enabling quick and convenient ordering and delivery services. Deliveroo operates in 11 countries across more than 800 towns and cities, boasting a portfolio of over 140,000 restaurants globally. To facilitate deliveries, Deliveroo employs approximately 180,000 riders worldwide. The company generates revenue through various channels, including commissions, user fees, restaurant sign-up fees, and packaging sales.
Deliveroo
Series F in 2017
Deliveroo is an online food delivery platform headquartered in London, United Kingdom. Founded in 2012 by Gregory Orlowski and William Shu, the company connects consumers with local restaurants, enabling quick and convenient ordering and delivery services. Deliveroo operates in 11 countries across more than 800 towns and cities, boasting a portfolio of over 140,000 restaurants globally. To facilitate deliveries, Deliveroo employs approximately 180,000 riders worldwide. The company generates revenue through various channels, including commissions, user fees, restaurant sign-up fees, and packaging sales.
Ofo is a station-free bike-sharing platform that operates through a mobile application, addressing the "last mile" transportation challenge by providing an eco-friendly and efficient solution for short-distance travel. The platform connects over 10 million bikes to more than 200 million users across more than 20 countries, facilitating over 32 million daily transactions. Users can easily unlock bikes by scanning a QR code or entering the bike's plate number through the app, allowing them to find and return bikes anytime and anywhere without the need for docking stations. Ofo not only aims to enhance urban mobility but also partners with organizations such as the UN Development Programme to promote sustainability and healthy living. Additionally, Ofo collaborates with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.
Ofo is a station-free bike-sharing platform that operates through a mobile application, addressing the "last mile" transportation challenge by providing an eco-friendly and efficient solution for short-distance travel. The platform connects over 10 million bikes to more than 200 million users across more than 20 countries, facilitating over 32 million daily transactions. Users can easily unlock bikes by scanning a QR code or entering the bike's plate number through the app, allowing them to find and return bikes anytime and anywhere without the need for docking stations. Ofo not only aims to enhance urban mobility but also partners with organizations such as the UN Development Programme to promote sustainability and healthy living. Additionally, Ofo collaborates with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.
Funding Circle
Series F in 2017
Funding Circle is a UK-based company established in 2010, operating an online marketplace that connects small and medium-sized businesses seeking loans with a diverse range of investors, including individuals, banks, asset management companies, and government-backed entities. The platform facilitates both unsecured and secured loans for various purposes such as business growth, working capital, asset purchase, and property development. Funding Circle also works with institutional investors on securitization programs and acts as a special purpose entity issuing debt securities. The company's mission is to provide businesses with access to finance and investors with attractive returns, fostering economic growth and job creation.
Nubank is a prominent digital bank revolutionizing finance with its customer-centric approach. It provides a variety of services, including credit cards, personal loans, and digital payments, all accessible through a simple mobile app. Known for transparency, ease of use, and low fees, Nubank aims to empower users with innovative solutions for better financial management.
Deliveroo
Series E in 2016
Deliveroo is an online food delivery platform headquartered in London, United Kingdom. Founded in 2012 by Gregory Orlowski and William Shu, the company connects consumers with local restaurants, enabling quick and convenient ordering and delivery services. Deliveroo operates in 11 countries across more than 800 towns and cities, boasting a portfolio of over 140,000 restaurants globally. To facilitate deliveries, Deliveroo employs approximately 180,000 riders worldwide. The company generates revenue through various channels, including commissions, user fees, restaurant sign-up fees, and packaging sales.
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.
ContextLogic
Series F in 2016
ContextLogic Inc., formerly known for its Wish ecommerce platform, is a technology-driven company specializing in the online retail sector. The company previously offered a global marketplace connecting consumers with merchants through a mobile shopping experience. Following a recent transaction, ContextLogic has sold its operating assets to Qoo10 and now focuses on leveraging its substantial net operating losses (NOLs) for future financial opportunities. ContextLogic continues to explore ways to maximize the value of these tax attributes while managing reduced operational expenses.
Dada Group
Series D in 2016
Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA".
Deliveroo
Series D in 2015
Deliveroo is an online food delivery platform headquartered in London, United Kingdom. Founded in 2012 by Gregory Orlowski and William Shu, the company connects consumers with local restaurants, enabling quick and convenient ordering and delivery services. Deliveroo operates in 11 countries across more than 800 towns and cities, boasting a portfolio of over 140,000 restaurants globally. To facilitate deliveries, Deliveroo employs approximately 180,000 riders worldwide. The company generates revenue through various channels, including commissions, user fees, restaurant sign-up fees, and packaging sales.
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.
DraftKings
Series D in 2015
DraftKings Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts. Founded in 2011, it initially focused on daily fantasy sports contests for cash prizes across major sports in the United States and Canada. Following the 2018 Supreme Court ruling that allowed states to legalize online sports wagering, DraftKings expanded its offerings to include online sports betting and casino gaming. Currently, the company operates in 27 states for online or retail sports betting and in seven states for iGaming, reaching approximately 40% of Canada's population. In addition to its core gaming services, DraftKings designs and develops software for sports betting and casino gaming platforms, and it also manages a marketplace for non-fungible tokens.
ContextLogic
Series E in 2015
ContextLogic Inc., formerly known for its Wish ecommerce platform, is a technology-driven company specializing in the online retail sector. The company previously offered a global marketplace connecting consumers with merchants through a mobile shopping experience. Following a recent transaction, ContextLogic has sold its operating assets to Qoo10 and now focuses on leveraging its substantial net operating losses (NOLs) for future financial opportunities. ContextLogic continues to explore ways to maximize the value of these tax attributes while managing reduced operational expenses.
Funding Circle
Series E in 2015
Funding Circle is a UK-based company established in 2010, operating an online marketplace that connects small and medium-sized businesses seeking loans with a diverse range of investors, including individuals, banks, asset management companies, and government-backed entities. The platform facilitates both unsecured and secured loans for various purposes such as business growth, working capital, asset purchase, and property development. Funding Circle also works with institutional investors on securitization programs and acts as a special purpose entity issuing debt securities. The company's mission is to provide businesses with access to finance and investors with attractive returns, fostering economic growth and job creation.
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.
AUTO1 Group
Series D in 2015
AUTO1 Group GmbH is a Berlin-based technology platform that specializes in the buying and selling of used cars. Founded in 2012, the company connects individual customers and professional car dealers through its digital marketplace, facilitating seamless transactions without the need for negotiation. AUTO1 Group sources used vehicles from various channels, including original equipment manufacturers and dealerships, and offers a certified and diverse inventory through its brands, such as AUTO1.com and Autohero.com. Operating in nearly 30 countries across Europe and North America, Auto1 Group serves both the retail market for private customers and the merchant segment for commercial car dealers. Its services include auction fees and logistics, ensuring a streamlined and transparent process in the used car trade.
Farfetch is an online platform established in 2008 that connects buyers and sellers in the luxury fashion sector. It collaborates with over 1,000 independent boutiques and luxury brands, offering a diverse range of products, including clothing, accessories, and footwear. The company operates a comprehensive e-commerce website that enables these retailers to showcase their inventories to nearly a million active customers. Farfetch's technology infrastructure is designed to facilitate the luxury fashion ecosystem, featuring an API-enabled proprietary technology stack that supports applications, services, and data management. The platform also includes the Browns stores and the New Guard Group, enhancing its retail capabilities. Farfetch generates revenue by charging a commission on sales made through its marketplace, typically exceeding 30%.
17zuoye is an education technology company based in China that provides an online learning platform tailored for K-12 students, teachers, and parents. The name translates to "homework together," reflecting its mission to enhance the educational experience for these groups. The platform focuses primarily on English and Math, offering a comprehensive, multi-platform homework solution that aligns with the textbook curriculum and leverages big data analytics. It equips teachers with effective teaching tools and detailed statistics, while students benefit from engaging learning applications and personalized adaptive content. Parents receive timely study reports to track their children's progress. In addition to its educational services, 17zuoye fosters a community through the largest real-name-based online teachers' forum and a Wechat parent community in China, facilitating collaboration and communication among users.
Xiaomi Technology
Series E in 2014
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.
Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.
Flipkart, established in 2007, is a leading Indian e-commerce marketplace headquartered in Bengaluru. It offers a vast array of products, spanning over 70 categories and 30 million items, including electronics, home appliances, fashion, and health care. With a workforce of 33,000 and 75 million registered users, Flipkart facilitates over 10 million daily visits and delivers approximately 8 million shipments monthly. Founded by Binny and Sachin Bansal, the company was acquired by Walmart in 2018. Flipkart Ventures, its venture arm, invests in seed to series B-stage companies.
Box is a cloud content management and file sharing service that offers secure storage and collaboration tools for users and enterprises. Founded in 2005, the company launched its platform in 2006 with the aim of facilitating access to and sharing of content across various devices and networks. Box serves over 8 million users, providing features that allow individuals and organizations to securely manage their critical information in the cloud. The platform supports a wide range of content formats and includes tools for governance and e-signature, enhancing workflow management and collaboration. Headquartered in Redwood City, California, Box continues to evolve its offerings to meet the needs of businesses across various industries.
Xiaomi Technology
Series D in 2013
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.
JD.com, Inc., based in Beijing, is a leading e-commerce company in China, operating through its subsidiaries. It offers a wide array of products, from electronics and apparel to food and healthcare items, through its website and mobile apps. JD.com is notable for its extensive logistics network, JD Logistics, which provides efficient and reliable delivery services. The company also operates JD Health, a prominent online healthcare platform offering pharmaceuticals, medical supplies, and online consultations. JD.com's unique selling proposition lies in its self-operated logistics network, ensuring speedy and reliable delivery, and its commitment to providing authentic products. As of 2022, JD.com's gross merchandise volume (GMV) was comparable to Pinduoduo's, but still lower than Alibaba's.
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
Groupon, Inc. operates as an online local commerce marketplace that connects consumers with merchants by offering discounts on a wide array of goods and services both in North America and internationally. The company features deals across various categories, including events, health and wellness, food, home goods, automotive services, and travel packages, among others. Groupon enables consumers to access and redeem these offers through its website, mobile applications, emails, and advertising channels. It serves as an intermediary, facilitating transactions between consumers and merchants, earning revenue through commissions on sales and digital coupon redemptions. Founded in 2008 and headquartered in Chicago, Groupon offers a diverse marketplace aimed at enhancing consumer experiences while assisting local businesses in reaching their target audience.
Meta is a social technology company that facilitates connections among individuals, communities, and businesses. Originally founded as Facebook in 2004 by Mark Zuckerberg in Menlo Park, California, the company rebranded to Meta on October 28, 2021, to reflect its broader focus beyond social networking. Meta operates various applications and services, positioning itself as a leader in the social media landscape, with over 1.32 billion monthly active users. The company has continuously evolved, integrating features that enhance user engagement and community building. Meta's strategic initiatives also include partnerships aimed at advancing marketing and commercial efforts in the digital and mobile sectors. As it explores new technologies, including virtual and augmented realities, Meta aims to redefine how people interact and share experiences online.