Total amount raised
$16.1 Million
Latest funding date
03/01/2022
Location
inFeedo has successfully raised funds through 5 distinct funding rounds, attracting the attention of notable investors such as Ankur Warikoo, Tiger Global Management, and Jungle Ventures. The company specializes in developing a SaaS-based analytics platform designed to enhance employee engagement through the use of artificial intelligence and predictive analytics.
Keep reading to explore the intricacies of inFeedo's fundraising journey and the investors backing this innovative platform.
What Is inFeedo?
inFeedo is a private SaaS-based analytics company headquartered in New York, New York, United States. The company specializes in developing an employee engagement platform that leverages artificial intelligence and predictive analytics to enhance human resources functions.
With an employee count ranging from 101 to 250, inFeedo has successfully raised funds through multiple rounds, including a Series A round. The company operates within the industries of Artificial Intelligence, Human Resources, Predictive Analytics, and SaaS.
How Much Funding Has inFeedo Raised?
- Series A
- Amount Raised: USD 12,000,000
- Date: March 2022
- Lead Investors: Jungle Ventures, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and development of inFeedo's employee engagement platform and expand its market presence.
- Series Unknown
- Amount Raised: USD 3,200,000
- Date: November 2020
- Lead Investors: Bling Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a financial reserve and hire key leadership roles to expand the customer base in the Asia-Pacific region.
- Seed
- Amount Raised: USD 700,000
- Date: August 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and scale the company's product, Amber, and expand its market reach.
- Seed
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Neon Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and operations.
- Angel
- Amount Raised: USD 150,000
- Date: December 2016
- Lead Investors: Redcliffe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's initial product development and market entry.
Total Amount Raised: USD 16,050,000. Current Valuation: Not publicly disclosed.
Key Investors
- Jungle Ventures
- Details: Jungle Ventures is a venture capital firm that focuses on early to growth-stage investments in Southeast Asia and India. They have a strong presence in the region and aim to support innovative startups.
- Investment Focus Areas: Technology, consumer internet, fintech, SaaS.
- Notable Investments: Livspace, Kredivo, Moglix.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that invests in private and public companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, fintech.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Bling Capital
- Details: Bling Capital is a venture capital firm founded by Benjamin Ling, who has a background in leading roles at Google, YouTube, and Facebook. The firm focuses on early-stage technology startups.
- Investment Focus Areas: SaaS, fintech, consumer internet.
- Notable Investments: Lyft, Square, Palantir.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding for startups. They have a rigorous selection process and offer mentorship and resources to help startups grow.
- Investment Focus Areas: Early-stage startups across various sectors.
- Notable Investments: Airbnb, Dropbox, Reddit.
- Redcliffe Capital
- Details: Redcliffe Capital is a private equity and venture capital firm. They focus on providing growth capital to companies in various sectors.
- Investment Focus Areas: Private equity, venture capital.
- Notable Investments: Specific investments not listed.
What's Next for inFeedo?
inFeedo stands at the cusp of significant growth opportunities. With its AI-driven employee-experience bot, Amber, the company is poised to expand its reach across more organizations and geographies. The integration of advanced technologies like GPT-3 and multilingual support will further enhance Amber's capabilities, making it an indispensable tool for HR functions globally.
Future fundraising prospects look promising, given the successful oversubscribed rounds and the involvement of high-profile investors. As inFeedo aims to achieve $10 million in revenue, additional funding rounds may be on the horizon to support its ambitious growth plans and technological advancements.
However, the journey ahead is not without challenges. The company will need to navigate competition from other HR tech platforms, maintain the quality of service as it scales, and adapt to rapidly changing workplace dynamics. Ensuring data privacy and security will also be crucial as the platform continues to grow.
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