About 7Summits
7Summits is a company based in Milwaukee (United States) founded in 2009 was acquired by IBM in January 2021.. 7Summits has raised $1.6 million across 4 funding rounds from investors including IBM, Sverica Capital and Salesforce Ventures. 7Summits operates in a competitive market with competitors including Beekeeper, Simpplr, Moveworks, Workvivo and Staffbase, among others.
- Headquarter Milwaukee, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Software Development Team
229 people
Leadership Team
109 people
Sales and Marketing
67 people
Product Management Team
46 people
Senior Team
25 people
Data Analysis and Operations Team
25 people
Associate Team
18 people
Finance and Accounting
18 people
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Funding Insights of 7Summits
7Summits has successfully raised a total of $1.6M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(30 Sep 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series B - 7Summits | Valuation | Sverica Capital , Salesforce Ventures |
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| Dec, 2013 | Amount | Private Equity Round - 7Summits | Valuation |
investors |
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| Nov, 2011 | Amount | Angel Round - 7Summits | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 7Summits
7Summits has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, Sverica Capital and Salesforce Ventures. 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 |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Hybrid cloud and DevOps automation are delivered to enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 7Summits
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 7Summits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
7Summits Comparisons
Competitors of 7Summits
7Summits 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 Beekeeper, Simpplr, Moveworks, Workvivo and Staffbase, 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 |
Enterprise communication platform is offered for multiple industries.
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| domain | founded_year | HQ Location |
An AI platform is utilized for connecting employees across organizations.
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| domain | founded_year | HQ Location |
Cloud based platform for employee communication
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| domain | founded_year | HQ Location |
Employee engagement and internal communications software platform is provided.
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| domain | founded_year | HQ Location |
Anonymous employee feedback is facilitated via software for team analysis.
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| domain | founded_year | HQ Location |
Communication and collaboration solutions are provided to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 7Summits
Frequently Asked Questions about 7Summits
When was 7Summits founded?
7Summits was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is 7Summits located?
7Summits is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
Is 7Summits a funded company?
7Summits is a funded company, having raised a total of $1.6M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on Sep 30, 2010.
What does 7Summits do?
7Summits provide online community solution provider for enterprises to drive engagement and achieve organization goals. It has a partnership with Salesforce and Jive software. The products offered are CoreConnect for salesforce (offers enhanced brand experience for customers, social platform for employees, strong relationships with partners), Community optimizer for Jive (content management system) peak framework for Jive (process automation migration). It serves consumer packaged goods retail, financial services, healthcare, manufacturing, higher education, high tech software and professional services industry. Awarded Salesforce innovator of the year award in 2015.
Who are the top competitors of 7Summits?
Who are 7Summits's investors?
7Summits has 4 investors. Key investors include IBM, Sverica Capital, Salesforce Ventures, and unknown.
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