About advocado
advocado is a company based in Greifswald (Germany) founded in 2014.. advocado has raised $5.26 million across 3 funding rounds from investors including A50 Ventures, unknown and Burgschaftsbank MV. The company has 45 employees as of December 31, 2020. advocado operates in a competitive market with competitors including Jurato and BVAU, among others.
- Headquarter Greifswald, Germany
- Employees 45 as on 31 Dec, 2020
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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
*********
- Legal Name Advocado Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.26 M (USD)
in 3 rounds
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Latest Funding Round
$5.26 M (USD), Series A
Jun 05, 2018
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Investors
A50 Ventures
& 2 more
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Employee Count
45
as on Dec 31, 2020
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Funding Insights of advocado
advocado has successfully raised a total of $5.26M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.26 million completed in June 2018. 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 3
- Last Round Series A — $5.3M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2018 | Amount | Series A - advocado | Valuation |
investors |
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| Mar, 2017 | Amount | Seed - advocado | Valuation |
investors |
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| Jul, 2015 | Amount | Seed - advocado | 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 advocado
advocado has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include A50 Ventures, unknown and Burgschaftsbank MV. 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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Founded Year | Domain | Location | |
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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 advocado
| 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 - advocado
| 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 |
Advocado Comparisons
Competitors of advocado
advocado 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 Jurato and BVAU, 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 |
Lawyers marketplace
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| domain | founded_year | HQ Location |
Association provides networking and events for labor lawyers in companies across Germany.
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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 advocado
When was advocado founded?
advocado was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is advocado located?
advocado is headquartered in Greifswald, Germany. It is registered at Greifswald, Mecklenburg-vorpommern, Germany.
Who is the current CEO of advocado?
Andreas Schroeteler is the current CEO of advocado.
Is advocado a funded company?
advocado is a funded company, having raised a total of $5.26M across 3 funding rounds to date.
How many employees does advocado have?
As of Dec 31, 2020, the latest employee count at advocado is 45.
What does advocado do?
Advocado was founded in 2014 in Greifswald, Germany, as an online platform in the legal services sector. Customers are connected with attorneys by submitting forms on the website, where fixed-price consultations are offered in writing or by phone. Litigations are managed and edited through web or mobile applications, facilitating access to legal support across Germany.
Who are advocado's investors?
advocado has 3 investors. Key investors include A50 Ventures, unknown, and Burgschaftsbank MV.