About 500Friends
500Friends is a company based in San Francisco (United States) founded in 2010 was acquired by Merkle in November 2014.. 500Friends has raised $10.9 million across 4 funding rounds from investors including Merkle, Intel Capital and Crosslink Capital. 500Friends operates in a competitive market with competitors including Thanx, Influitive, Merryfield, 360insights and AppCard, among others.
- Headquarter San Francisco, United States
-
Sectors
RetailTechnology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 500Friends, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of 500Friends
500Friends has successfully raised a total of $10.9M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2 million completed in April 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $2.0M
-
First Round
First Round
(23 Mar 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Debt – Conventional - 500Friends | Valuation |
investors |
|
| Mar, 2013 | Amount | Series B - 500Friends | Valuation | Intel Capital , Crosslink Capital |
|
| Mar, 2012 | Amount | Series A - 500Friends | Valuation | Crosslink Capital , Intel Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 500Friends
500Friends has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Merkle, Intel Capital and Crosslink Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment in technology startups focusing on compute, AI, and related innovations.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in various sectors by Crosslink Capital.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 500Friends
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 500Friends
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
500Friends Comparisons
Competitors of 500Friends
500Friends operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Thanx, Influitive, Merryfield, 360insights and AppCard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Loyalty management solutions are provided for offline retail stores.
|
|
| domain | founded_year | HQ Location |
Advocate marketing software is provided for B2B technology firms.
|
|
| domain | founded_year | HQ Location |
Loyalty program services are provided to businesses by Merryfield.
|
|
| domain | founded_year | HQ Location |
SaaS platform for channel loyalty and incentive management is provided.
|
|
| domain | founded_year | HQ Location |
Loyalty program platform
|
|
| domain | founded_year | HQ Location |
Lexer is recognized as a leading customer data and experience platform for retailers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 500Friends
When was 500Friends founded?
500Friends was founded in 2010.
Where is 500Friends located?
500Friends is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is 500Friends a funded company?
500Friends is a funded company, having raised a total of $10.9M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Mar 23, 2010.
What does 500Friends do?
Founded in 2010 in San Francisco, United States, the company operates in the loyalty marketing sector. Solutions are provided for retailers through online and mobile interactions, including the LoyaltyPlus program that enables rewards, sharing widgets, and user-generated content. Services have been extended to offline retailers, with rewards earned for actions such as social media follows or in-store visits. Acquisition by Merkle occurred in November 2014.
Who are the top competitors of 500Friends?
500Friends's top competitors include Thanx, Merryfield and Influitive.
Who are 500Friends's investors?
500Friends has 7 investors. Key investors include Merkle, Intel Capital, Crosslink Capital, Fung Capital, and Y Combinator.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.