About Abacus
Abacus is a company based in London (United Kingdom) founded in 1983 by Steve Feigen was acquired by Naviga in March 2022. It operates as a SaaS (Software-as-a-Service), and Professional Services. Abacus has raised $3.52 million across 1 funding round from investors including Naviga and BGF. The company has 64 employees as of December 31, 2019. Abacus offers products and services including Webvision Cloud and ADvance. Abacus operates in a competitive market with competitors including Twilio, Capillary Technologies, Acquia, Segment and Hightouch, among others.
- Headquarter London, United Kingdom
- Employees 64 as on 31 Dec, 2019
- Founders Steve Feigen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Abacus Software Limited
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Annual Revenue
$5.31 M (USD)-13as on Dec 31, 2020
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Net Profit
$-274.1 K (USD)33as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$3.52 M (USD)
in 1 rounds
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Latest Funding Round
$3.52 M (USD), Series A
Aug 21, 2013
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Investors
Naviga
& 1 more
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Employee Count
64
as on Dec 31, 2019
- Acquired by
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Products & Services of Abacus
Abacus offers a comprehensive portfolio of products and services, including Webvision Cloud and ADvance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A GDPR-compliant platform for audience engagement is provided.
A SaaS platform for customer data is offered.
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Funding Insights of Abacus
Abacus has successfully raised a total of $3.52M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.52 million completed in August 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 1
- Last Round Series A — $3.5M
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First Round
First Round
(21 Aug 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series A - Abacus | Valuation | BGF |
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| 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 Abacus
Abacus has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Naviga and BGF. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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A content engagement and advertising platform is offered to brands.
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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 Abacus
| 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 - Abacus
| 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 |
Abacus Comparisons
Competitors of Abacus
Abacus 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 Twilio, Capillary Technologies, Acquia, Segment and Hightouch, 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 |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
AI-powered loyalty management software is offered for enterprises.
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Customer data is integrated and collected via cloud-based API platform.
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| domain | founded_year | HQ Location |
Cloud based data integration and customer data platform
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| domain | founded_year | HQ Location |
Customer data is collected and connected via API-based platform.
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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 Abacus
Frequently Asked Questions about Abacus
When was Abacus founded?
Abacus was founded in 1983 and raised its 1st funding round 30 years after it was founded.
Where is Abacus located?
Abacus is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Abacus?
Steve Feigen is the current CEO of Abacus. They have also founded this company.
Is Abacus a funded company?
Abacus is a funded company, having raised a total of $3.52M across 1 funding round to date. The company's 1st funding round was a Series A of $3.52M, raised on Aug 21, 2013.
How many employees does Abacus have?
As of Dec 31, 2019, the latest employee count at Abacus is 64.
What is the annual revenue of Abacus?
Annual revenue of Abacus is $5.31M as on Dec 31, 2020.
What does Abacus do?
Abacus is focused on delivering technology solutions for digital content and audience engagement. Services are provided to media publishers, member bodies, and brands across various sectors. Digital experience platforms and customer data platforms are developed to enhance customer engagement and revenue. Consultancy and bureau services are also offered to support digital transformation and subscription management. Solutions are tailored to improve personalized communications and data-driven decision-making for clients in competitive markets.
Who are the top competitors of Abacus?
Abacus's top competitors include Twilio, Capillary Technologies and Segment.
What products or services does Abacus offer?
Abacus offers Webvision Cloud and ADvance.
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