About Askuity
Askuity is a company based in Toronto (Canada) founded in 2012 was acquired by The Home Depot in January 2019.. Askuity has raised $5.45 million across 3 funding rounds from investors including The Home Depot, dunnhumby Ventures and MaRS Discovery District. Askuity offers products and services including Supplier Analytics Program and Suite of Analytics Tools. Askuity operates in a competitive market with competitors including RetailNext, Trax, RELEX, Wasoko and Wiser, among others.
- Headquarter Toronto, Canada
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Sectors
TechnologyRetail
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Phone
*********
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Website
*********
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Social
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- Legal Name Askuity Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.45 M (USD)
in 3 rounds
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Latest Funding Round
$2.3 M (USD), Series B
Oct 30, 2017
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Investors
The Home Depot
& 2 more
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Employee Count
Employee Count
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Acquired by
The Home Depot
(Jan 11, 2019)
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Products & Services of Askuity
Askuity offers a comprehensive portfolio of products and services, including Supplier Analytics Program and Suite of Analytics Tools. 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.
Tools for data-driven retail decision making and collaboration.
Enables proactive supplier-merchant partnerships in retail.
Unlock access to complete
Funding Insights of Askuity
Askuity has successfully raised a total of $5.45M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2.3 million completed in October 2017. 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 B — $2.3M
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First Round
First Round
(28 May 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - Askuity | Valuation | dunnhumby Ventures , MaRS Discovery District |
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| Jan, 2016 | Amount | Series A - Askuity | Valuation | dunnhumby Ventures |
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| May, 2014 | Amount | Seed - Askuity | Valuation | dunnhumby Ventures , MaRS Discovery District |
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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 Askuity
Askuity has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include The Home Depot, dunnhumby Ventures and MaRS Discovery District. 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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MaRS Discovery District is focused on supporting startups and fostering innovation.
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Founded Year | Domain | Location | |
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Company is a retailer of home furnishing products
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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 Askuity
| 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 - Askuity
| 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 |
Askuity Comparisons
Competitors of Askuity
Askuity 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 RetailNext, Trax, RELEX, Wasoko and Wiser, 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 |
In-store customer behavior is tracked and analyzed in real-time.
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| domain | founded_year | HQ Location |
Cloud-based analytics solutions for retail shelf management are delivered.
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| domain | founded_year | HQ Location |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Price intelligence and optimization software is provided for e-commerce retailers.
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| domain | founded_year | HQ Location |
Cloud-based retail POS solutions
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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 Askuity
When was Askuity founded?
Askuity was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Askuity located?
Askuity is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Askuity a funded company?
Askuity is a funded company, having raised a total of $5.45M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.74M, raised on May 28, 2014.
What does Askuity do?
Askuity was founded in 2012 in Toronto, Canada, as a provider in the retail analytics sector. A platform is offered that connects retailers and product vendors through secure data sharing at product and store levels. Analytic tools are included to support decision-making, collaboration, and execution in the retail supply chain. Operations focus on reducing out-of-stocks, improving inventory turns, and optimizing promotional spending for participating businesses.
What products or services does Askuity offer?
Askuity offers Supplier Analytics Program and Suite of Analytics Tools.
Who are Askuity's investors?
Askuity has 3 investors. Key investors include The Home Depot, dunnhumby Ventures, and MaRS Discovery District.