About Abel
Abel is a company based in San Francisco (United States) founded in 2023 by Sean Safahi and Chenyu L.. Abel has raised $500 thousand across 1 funding round from investors including Y Combinator. Abel operates in a competitive market with competitors including For the Record, CourtWorks, Alderson Reporting, ScribeManager and Courthouse Technology, among others.
- Headquarter San Francisco, United States
- Founders Sean Safahi, Chenyu L
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Sectors
Professional & Legal Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Employee Count
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Funding Insights of Abel
Abel has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. 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 Seed — $500,000
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Abel | Valuation | Y Combinator |
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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 Abel
Abel has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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-stage startups are accelerated via funding and educational programs.
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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 Abel
| 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 - Abel
| 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 |
Abel Comparisons
Competitors of Abel
Abel 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 For the Record, CourtWorks, Alderson Reporting, ScribeManager and Courthouse Technology, 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 |
Court recordings and transcripts are managed via specialized software.
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| domain | founded_year | HQ Location |
Web-based records, files and information management software
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| domain | founded_year | HQ Location |
Court reporting and litigation management software solutions are provided.
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| domain | founded_year | HQ Location |
Automates transcription workflows with speech recognition and secure data handling tools.
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| domain | founded_year | HQ Location |
Provides court queuing and digital workflow solutions for efficient operations.
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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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Frequently Asked Questions about Abel
When was Abel founded?
Abel was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Abel located?
Abel is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Abel?
Sean Safahi is the current CEO of Abel. They have also founded this company.
Is Abel a funded company?
Abel is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2024.
What does Abel do?
Abel was founded in 2023 in San Francisco, United States, as an AI platform focused on legal technology. Court transcripts, deposition records, and trial documents are reviewed through the platform, where repetitive tasks are automated. Natural language processing is leveraged to facilitate interactions with legal documents, streamlining the review process for attorneys. Operations are centered on enhancing efficiency in document management within the legal sector.
Who are the top competitors of Abel?
Abel's top competitors include For the Record, Alderson Reporting and CourtWorks.
Who are Abel's investors?
Abel has 1 investor. Key investors include Y Combinator.