About Bare
Bare is a company based in Melbourne (Australia) founded in 2019 by Sam McConkey and Cale Donovan.. Bare has raised $10 million across 1 funding round from investors including Perennial Partners and Ord Minnett. Bare offers products and services including Direct Cremation, Memorial Service, Funeral Service, Prepaid Cremation, and Probate Service. Bare operates in a competitive market with competitors including Airloom, KEEPAR, Southern Metropolitan Cemeteries NSW, SayGoodbye and Funeral Bookings, among others.
- Headquarter Melbourne, Australia
- Founders Sam McConkey, Cale Donovan
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Sectors
Media & EntertainmentTechnology Business 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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 21, 2022
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Investors
Perennial Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of Bare
Bare offers a comprehensive portfolio of products and services, including Direct Cremation, Memorial Service, Funeral Service, Prepaid Cremation, and Probate Service. 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.
Affordable cremation option without traditional elements for families.
Personalized service without coffin for flexible memorial options.
Traditional funerals with personalization and venue choices available.
Advance payment plans to ease financial stress for families.
Assistance with estate administration and legal processes.
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Funding Insights of Bare
Bare has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in June 2022. 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 Series A — $10.0M
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First Round
First Round
(21 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series A - Bare | Valuation | Perennial , Ord Minnett |
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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 Bare
Bare has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Perennial Partners and Ord Minnett. 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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Diversified asset management services are provided in Australia.
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Founded Year | Domain | Location | |
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Wealth management services are provided to Australian clients.
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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 Bare
| 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 - Bare
| 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 |
Bare Comparisons
Competitors of Bare
Bare 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 Airloom, KEEPAR, Southern Metropolitan Cemeteries NSW, SayGoodbye and Funeral Bookings, 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 |
Online platform enabling end of life planning
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| domain | founded_year | HQ Location |
Offers a comprehensive virtual memorial platform tailored for funeral homes.
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| domain | founded_year | HQ Location |
Provides an online platform for funeral services and related support.
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| domain | founded_year | HQ Location |
Personalized messages and videos are scheduled for delivery upon demise.
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| domain | founded_year | HQ Location |
Operates a digital marketplace to connect users with funeral services for convenient bookings.
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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 Bare
Frequently Asked Questions about Bare
When was Bare founded?
Bare was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Bare located?
Bare is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is Bare a funded company?
Bare is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Jun 21, 2022.
What does Bare do?
Bare was established in 2019 in Melbourne, Australia, operating as an online platform within the funeral services sector. Various services are provided, including paperwork management, cremation arrangements, catering, obituary and memorial notices, floral setups, return of ashes, and grief support resources. Users are supported in booking and accessing these offerings through the digital interface, with operations centered in Australia.
Who are the top competitors of Bare?
Bare's top competitors include Airloom, SayGoodbye and KEEPAR.
What products or services does Bare offer?
Bare offers Direct Cremation, Memorial Service, Funeral Service, Prepaid Cremation, and Probate Service.
Who are Bare's investors?
Bare has 2 investors. Key investors include Perennial Partners, and Ord Minnett.
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