About Because Market
Because Market is a company based in Redwood City (United States) founded in 2017.. Because Market has raised $35 million across 1 funding round from investors including Khosla Ventures, 7GC & Co and Index Ventures. The company has 32 employees as of December 31, 2024. Because Market offers products and services including Bladder Protection, Personal Care, Supplements, and Rollators.
- Headquarter Redwood City, United States
- Employees 32 as on 31 Dec, 2024
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Sectors
ConsumerHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Portofino Labs, 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
$35 M (USD)
in 1 rounds
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Latest Funding Round
$35 M (USD), Series B
Nov 29, 2024
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Investors
Khosla Ventures
& 2 more
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Employee Count
32
as on Dec 31, 2024
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Products & Services of Because Market
Because Market offers a comprehensive portfolio of products and services, including Bladder Protection, Personal Care, Supplements, and Rollators. 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.
Products for managing bladder leaks and protection.
Wipes and skincare for daily disposal and odor control.
Nutritional supplements for health enhancement.
Mobility devices to assist with movement and independence.
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Funding Insights of Because Market
Because Market has successfully raised a total of $35M through 1 strategic funding round. The most recent funding activity was a Series B round of $35 million completed in November 2024. 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 B — $35.0M
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First Round
First Round
(29 Nov 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Because Market | Valuation | 7GC |
| 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 Because Market
Because Market has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Khosla Ventures, 7GC & Co and Index Ventures. 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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Investment services are offered by 7GC & Co to clients.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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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 Because Market
| 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 - Because Market
| 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 |
Because Market Comparisons
Competitors of Because Market
| 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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Latest news on Because Market
Frequently Asked Questions about Because Market
When was Because Market founded?
Because Market was founded in 2017 and raised its 1st funding round 7 years after it was founded.
Where is Because Market located?
Because Market is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Because Market a funded company?
Because Market is a funded company, having raised a total of $35M across 1 funding round to date. The company's 1st funding round was a Series B of $35M, raised on Nov 29, 2024.
How many employees does Because Market have?
As of Dec 31, 2024, the latest employee count at Because Market is 32.
What does Because Market do?
Because Market was established in 2017 in Redwood City, United States, within the health and consumer goods sector. Incontinence products are distributed through an internet-based model. Deliveries are customized according to client responses on a fit quiz. Free trial packs are offered to verify product suitability. Monthly shipments of these treatment items are arranged for ongoing needs. Operations focus on direct-to-consumer service in the United States.
What products or services does Because Market offer?
Because Market offers Bladder Protection, Personal Care, Supplements, and Rollators.
Who are Because Market's investors?
Because Market has 3 investors. Key investors include Khosla Ventures, 7GC & Co, and Index Ventures.