About Balto
Balto is a company based in St. Louis (United States) founded in 2017 by Marc Bernstein and Chris Kontes.. Balto has raised $51.7 million across 5 funding rounds from investors including RingCentral, Arch Grants and Stripes. Balto operates in a competitive market with competitors including Twilio, Medallia, Freshworks, Dialpad and Sprinklr, among others.
- Headquarter St. Louis, United States
- Founders Marc Bernstein, Chris Kontes
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51.7 M (USD)
in 5 rounds
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Latest Funding Round
$37.5 M (USD), Series B
Aug 19, 2021
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Investors
RingCentral
& 11 more
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Employee Count
Employee Count
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Funding Insights of Balto
Balto has successfully raised a total of $51.7M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $37.5 million completed in August 2021. 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 B — $37.5M
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First Round
First Round
(01 Jun 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Balto | Valuation | Stripes | |
| Oct, 2020 | Amount | Series A - Balto | Valuation | Sierra Ventures | |
| Sep, 2019 | Amount | Seed - Balto | Valuation | OCA Ventures , Stage Venture Partners |
| 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 Balto
Balto has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include RingCentral, Arch Grants and Stripes. 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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Global investments are made in product-led growth companies.
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Founded Year | Domain | Location | |
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Early-stage tech companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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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 Balto
| 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 - Balto
| 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 |
Balto Comparisons
Competitors of Balto
Balto 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, Medallia, Freshworks, Dialpad and Sprinklr, 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 |
Medallia is focused on customer and employee experience management.
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Cloud-based customer experience management software is provided for brands.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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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 Balto
Frequently Asked Questions about Balto
When was Balto founded?
Balto was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Balto located?
Balto is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Who is the current CEO of Balto?
Marc Bernstein is the current CEO of Balto. They have also founded this company.
Is Balto a funded company?
Balto is a funded company, having raised a total of $51.7M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 01, 2018.
What does Balto do?
Founded in 2017 and headquartered in St. Louis, United States, Balto operates in the AI sector for contact centers. Real-time guidance tools are provided on the cloud, including coaching features for agents such as smart checklists, dynamic prompts, notifications, sticky notes, and leaderboards. Management solutions are offered with agent performance analysis, win rate evaluation, and trend monitoring to support operational oversight.
Who are the top competitors of Balto?
Balto's top competitors include Twilio, Freshworks and Dialpad.
Who are Balto's investors?
Balto has 12 investors. Key investors include RingCentral, Arch Grants, Stripes, Cultivation Capital, and Sierra Ventures.
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