Total amount raised
$10.1 Millions
Latest funding date
01/01/2021
Location
IVY has successfully raised funding through multiple rounds, with notable investors including Upstage Ventures and RiverPark Ventures. The platform is a Social University that offers lifelong experiences, friendships, and inspiration.
Keep reading to explore the intricacies of IVY's fundraising journey and the investors backing this innovative platform.
What Is IVY?
IVY, founded in 2011 by Beri Meric and Philipp Triebel, is headquartered in New York, New York. The company operates within the art, education, professional networking, and social media industries.
With an employee count ranging from 101 to 250, IVY is a Social University that offers lifelong experiences, friendships, and inspiration. The platform aims to mobilize passionate individuals towards entrepreneurship, arts, social impact, policy, and wellness.
How Much Funding Has IVY Raised?
- Seed Round
- Amount Raised: $1M
- Date: January 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and launch the platform.
- Angel Round
- Amount Raised: $1.5M
- Date: June 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate expansion into new markets beyond New York City, Boston, and Los Angeles.
- Venture Round
- Amount Raised: $3.5M
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Venture Round
- Amount Raised: $3.1M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the user base and improve user engagement.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and development of the platform.
- Venture Round
- Amount Raised: $1M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations and explore new opportunities.
Total Amount Raised: $10.1M
Current Valuation: Not publicly disclosed
Key Investors
- Upstage Ventures
- Details: Upstage Ventures is a venture capital firm known for investing in early-stage startups. They focus on providing strategic support and resources to help companies scale.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Not publicly disclosed
- RiverPark Ventures
- Details: RiverPark Ventures is a New York-based venture capital firm that invests in high-growth companies. They aim to partner with entrepreneurs to build innovative and impactful businesses.
- Investment Focus Areas: Fintech, E-commerce, Media
- Notable Investments: Not publicly disclosed
- Barry Silbert
- Details: Barry Silbert is the founder and CEO of SecondMarket, a platform for trading private company shares. He is a prominent figure in the venture capital and cryptocurrency sectors.
- Investment Focus Areas: Cryptocurrency, Fintech, Startups
- Notable Investments: Not publicly disclosed
What's Next for IVY?
IVY is poised to expand its reach beyond New York City, Boston, and Los Angeles, tapping into a growing demand for niche and exclusive dating services. With plans to offer personalized dating suggestions, on-call relationship experts, and exclusive events, the platform is set to attract a broader audience of accomplished individuals.
As IVY scales, future fundraising opportunities are likely to arise, supporting its ambitious expansion and service enhancements. However, the company will need to navigate challenges such as maintaining the quality and exclusivity of its membership and effectively evaluating applicants through its Membership Committee.
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