Total amount raised
$3.3 Million
Latest funding date
7/1/2017
Location
Rabbit has participated in three funding rounds, with its latest being a Series B round. The platform, which allowed users to watch streaming shows and videos together with friends, has garnered support from six investors, including Bessemer Venture Partners and Goodwater Capital.
What Is Rabbit?
Rabbit was a platform that allowed users to watch streaming shows and videos together with friends, facilitating social interaction while consuming media. The company was based in Burlingame, California, and had a small team of 11-50 employees.
Operating in industries such as apps, media and entertainment, social media, software, TV, video chat, and video streaming, Rabbit managed to secure funding through multiple rounds before it permanently closed.
How Much Funding Has Rabbit Raised?
- Seed Round
- Amount Raised: USD 3,300,000
- Date: February 2013
- Lead Investors: Google Ventures, CrunchFund, Michael Birch
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in engineering and ensure the app could handle user demand and provide a seamless experience.
- Series A Round
- Date: May 2015
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and user base.
- Series B Round
- Date: July 2017
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance user engagement.
Total amount raised: USD 3,300,000. Current valuation: Not publicly disclosed. The May 2015 Series A and July 2017 Series B amounts were never disclosed and are not in the total.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm that invests in early to growth-stage companies. They have a long history of successful investments in various sectors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm that focuses on consumer technology companies. They aim to support companies that have the potential to impact large markets.
- Investment Focus Areas: Consumer technology
- Notable Investments: Spotify, Chegg, Kakao
- Google Ventures
- Details: Google Ventures, now known as GV, is the venture capital investment arm of Alphabet Inc. They are known for their investments in innovative technology companies.
- Investment Focus Areas: Technology, software, hardware, life sciences, clean energy
- Notable Investments: Uber, Nest, Slack, Medium
- CrunchFund
- Details: CrunchFund is a venture capital firm co-founded by Michael Arrington, the founder of TechCrunch. They focus on early-stage technology startups.
- Investment Focus Areas: Internet, software
- Notable Investments: Airbnb, Uber, Yammer
- Michael Birch
- Details: Michael Birch is an entrepreneur and the founder of Bebo, a social networking website. He has a history of investing in social media and technology startups.
- Investment Focus Areas: Social media, technology
- Notable Investments: Bebo
What's Next for Rabbit?
Rabbit ceased operations in 2019 after a funding round failed, and it raised no further rounds. Its servers were switched off on July 31, 2019 and redirected to Kast, which had acquired its intellectual property, software stack and several patents. The platform's always-on model and media-sharing capabilities had set it apart from competitors.
Rabbit's unresolved problems had been persuading users to adopt persistent video chat and competing with established services. Scaling the platform reliably had been a further hurdle. Rabbit is defunct and has no continuing investor backing.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Rabbit and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
