About Betty Labs
Betty Labs is a company based in Los Angeles (United States) founded in 2018 by Rob Sami and Howard Akumiah was acquired by Spotify in March 2021.. Betty Labs has raised $9.3 million across 1 funding round from investors including Spotify, Lightspeed Venture Partners and Google Ventures. Betty Labs operates in a competitive market with competitors including SportsEngine, LeagueApps, Overtime, SportEasy and Stack Sports, among others.
- Headquarter Los Angeles, United States
- Founders Rob Sami, Howard Akumiah
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Funding Insights of Betty Labs
Betty Labs has successfully raised a total of $9.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $9.3 million completed in October 2020. 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 Seed — $9.3M
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First Round
First Round
(27 Oct 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Seed - Betty Labs | Valuation | Google Ventures |
| 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 |
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Investors in Betty Labs
Betty Labs has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Spotify, Lightspeed Venture Partners and Google 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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Corporate backed venture capital fund investing in multiple sectors
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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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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 Betty Labs
| 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 - Betty Labs
| 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 |
Betty Labs Comparisons
Competitors of Betty Labs
Betty Labs 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 SportsEngine, LeagueApps, Overtime, SportEasy and Stack Sports, 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 |
Sports teams and leagues are managed through an online platform.
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| domain | founded_year | HQ Location |
Offers sports league management and registration software
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| domain | founded_year | HQ Location |
Sports content is produced and shared across multiple digital platforms.
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| domain | founded_year | HQ Location |
Sports team and club management is enabled via web-based software.
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| domain | founded_year | HQ Location |
SaaS-based platform for sports team and event management is developed.
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| domain | founded_year | HQ Location |
Software solutions for sports team management and events are offered.
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| 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 Betty Labs
Frequently Asked Questions about Betty Labs
When was Betty Labs founded?
Betty Labs was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Betty Labs located?
Betty Labs is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Betty Labs?
Howard Akumiah is the current CEO of Betty Labs. They have also founded this company.
Is Betty Labs a funded company?
Betty Labs is a funded company, having raised a total of $9.3M across 1 funding round to date. The company's 1st funding round was a Seed of $9.3M, raised on Oct 27, 2020.
What does Betty Labs do?
Betty Labs was established in 2018 in Los Angeles, United States, focusing on the software sector within sports entertainment. Mobile applications centered on trivia games related to sports are created and maintained by the company. Operations involve app development and user engagement features. Leadership is provided by co-founders Howard Akumiah, serving as CEO, and Rob Sami, as CTO. The domain bettylabs.io supports online presence and distribution.
Who are the top competitors of Betty Labs?
Betty Labs's top competitors include LeagueApps, Overtime and SportsEngine.
Who are Betty Labs's investors?
Betty Labs has 4 investors. Key investors include Spotify, Lightspeed Venture Partners, Google Ventures, and Alexa Fund.