About Beek
Beek is a company based in Austin (United States) founded in 2014.. Beek has raised $13.12 million across 2 funding rounds from investors including Accel, Lightspeed Venture Partners and Greylock Partners. Beek has completed 1 acquisition, including Tamber. Beek offers products and services including Beek App and Audiobook Highlighting Feature. Beek operates in a competitive market with competitors including Storytel, Podimo, Yoto, Fonos and lrts.me, among others.
- Headquarter Austin, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Beek Technologies, S.A.P.I. De C.V.
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Products & Services of Beek
Beek offers a comprehensive portfolio of products and services, including Beek App and Audiobook Highlighting Feature. 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.
App for accessing unlimited audiobooks and meditations.
Tool to save ideas from audiobooks for easy reference.
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Funding Insights of Beek
Beek has successfully raised a total of $13.12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in February 2023. 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 2
- Last Round Series A — $13.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Beek | Valuation | Lightspeed Venture Partners , Greylock | |
| Jun, 2017 | Amount | Seed - Beek | Valuation |
investors |
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Beek
Beek has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Lightspeed Venture Partners and Greylock 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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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 Beek
Beek has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tamber. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based product recommendations are delivered for e-tailers via API.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Beek
| 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 |
Beek Comparisons
Competitors of Beek
Beek 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 Storytel, Podimo, Yoto, Fonos and lrts.me, 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 |
App-based subscription platform for e-books
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| domain | founded_year | HQ Location |
Podcasts and audiobooks are provided through a creator-focused audio platform.
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| domain | founded_year | HQ Location |
Audio-based learning solutions with stories and music are provided.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via an app-based platform.
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| domain | founded_year | HQ Location |
Audio books platform
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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 Beek
Frequently Asked Questions about Beek
When was Beek founded?
Beek was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Beek located?
Beek is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Beek a funded company?
Beek is a funded company, having raised a total of $13.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2017.
What does Beek do?
Beek was established in 2014 in Austin, United States, as a SaaS platform focused on audiobooks across multiple genres, such as motivation and marketing. Access to content is facilitated through a mobile application compatible with Android and iOS devices. Operations center on digital distribution within the audio entertainment sector, serving users in various locations.
What products or services does Beek offer?
Beek offers Beek App and Audiobook Highlighting Feature.
How many acquisitions has Beek made?
Beek has made 1 acquisition, including Tamber.
Who are Beek's investors?
Beek has 9 investors. Key investors include Accel, Lightspeed Venture Partners, Greylock Partners, Sam Altman, and Dylan Field.
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