About Altruik
Altruik is a company based in New York (United States) founded in 2009 was acquired by Altezza in February 2014.. Altruik has raised $9.5 million across 5 funding rounds from investors including Altezza, First Round Capital and Javelin Venture Partners. Altruik operates in a competitive market with competitors including Nogin, Ecomnova, Vaimo, Lexus Software and Minkabu, among others.
- Headquarter New York, United States
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Sectors
Business ServicesTechnology
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Phone
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Website
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Social
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Funding Insights of Altruik
Altruik has successfully raised a total of $9.5M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $600 thousand completed in April 2012. 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 5
- Last Round Series A — $600,000
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First Round
First Round
(13 Mar 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2012 | Amount | Series A - Altruik | Valuation |
investors |
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| Jun, 2011 | Amount | Series A - Altruik | Valuation | Hub Angels , Centurion Venture Partners | |
| Oct, 2009 | Amount | Series A - Altruik | Valuation | Tribeca Venture Partners , First Round Capital |
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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 Altruik
Altruik has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Altezza, First Round Capital and Javelin Venture Partners. 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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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in US companies.
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Founded Year | Domain | Location | |
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Investments in US tech startups are made by Zelkova Ventures.
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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 Altruik
| 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 - Altruik
| 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 |
Altruik Comparisons
Competitors of Altruik
Altruik 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 Nogin, Ecomnova, Vaimo, Lexus Software and Minkabu, 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 marketing solutions for the e commerce industry
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| domain | founded_year | HQ Location |
E-commerce development services are provided to businesses globally.
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| domain | founded_year | HQ Location |
eCommerce solutions and managed services on Magento are offered globally.
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| domain | founded_year | HQ Location |
Software development services are provided by Lexus Software.
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| domain | founded_year | HQ Location |
Financial news, analysis, and stock predictions are provided in Japan.
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| domain | founded_year | HQ Location |
E-commerce solution services are provided to businesses in South Korea.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Altruik
When was Altruik founded?
Altruik was founded in 2009.
Where is Altruik located?
Altruik is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Altruik a funded company?
Altruik is a funded company, having raised a total of $9.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.7M, raised on Mar 13, 2009.
What does Altruik do?
Altruik was founded in 2009 in New York, United States. An SEO platform is offered to e-commerce companies, enabling increased visibility of product pages in search engines and higher web traffic. Integration with content management systems and legacy systems is supported. Operations focus on the digital marketing sector, with services tailored for online retail environments.
Who are the top competitors of Altruik?
Who are Altruik's investors?
Altruik has 10 investors. Key investors include Altezza, First Round Capital, Javelin Venture Partners, Zelkova Ventures, and Hub Angels.
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