Total amount raised
$20 Millions
Latest funding date
Location
Checkmate is a browser extension that provides personalized discount codes for shoppers, helping users save money at over 100,000 stores. The platform ensures that users never miss a deal by offering exclusive discount codes and easy-to-use features.
Keep reading to explore the intricacies of Checkmate's fundraising journey and the investors backing this innovative platform.
What Is Checkmate?
The requested information about Checkmate's background, including the founding year, location, founders' names, and number of employees, was not found in the provided sources. The Crunchbase page was a security verification page and did not contain any relevant details. Similarly, the company website did not provide this specific information.
Checkmate is a service that offers personalized discount codes for shoppers, helping users save money at over 100,000 stores. The platform ensures that users never miss a deal by offering exclusive discount codes and easy-to-use features.
Unfortunately, without the founding year, location, founders' names, or number of employees, a complete background section cannot be provided based on the available sources.
How Much Funding Has Checkmate Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Checkmate's platform and initial market entry.
- Seed Round
- Amount Raised: $5M
- Date: September 2022
- Lead Investors: Fuel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase user acquisition.
- Series A
- Amount Raised: $15M
- Date: May 2023
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and further develop Checkmate's services.
Total Amount Raised: $20M. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures (GV)
- Details: Google Ventures is the venture capital investment arm of Alphabet Inc., providing seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Uber, Slack, Nest.
- Mantis VC (The Chainsmokers)
- Details: Mantis VC is a venture capital firm founded by the music duo The Chainsmokers, focusing on early-stage technology investments.
- Investment Focus Areas: Technology, consumer products, early-stage startups.
- Notable Investments: Ember, Liquid I.V., Fiton.
- Fuel Capital
- Details: Fuel Capital is a venture capital firm that invests in early-stage technology companies, providing support and resources to help them grow.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Not publicly disclosed.
- Blackbird Ventures
- Details: Blackbird Ventures is a venture capital firm that invests in technology companies, particularly those with innovative solutions and high growth potential.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Not publicly disclosed.
- F7 Ventures
- Details: F7 Ventures is a venture capital firm that focuses on early-stage investments in technology companies, providing strategic support and resources.
- Investment Focus Areas: Technology, enterprise software, consumer internet.
- Notable Investments: Not publicly disclosed.
What's Next for Checkmate?
Checkmate stands at the cusp of significant growth, leveraging its ability to find the best discounts from multiple channels like email and SMS. With a $15 million Series A funding round led by Google Ventures, the platform is poised to expand its operations and enhance its services, tapping into the growing demand for automated savings tools.
Future fundraising opportunities seem promising, given the strong investor confidence and the platform's potential to scale. However, Checkmate will need to navigate challenges such as competition from other discount platforms and maintaining the accuracy of its deals. Ensuring user trust and data security will be crucial as the company continues to grow.
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