About BiddingForGood
BiddingForGood is a company based in Cambridge (United States) founded in 2003 was acquired by FrontStream in July 2015.. BiddingForGood has raised $29.06 million across 6 funding rounds from investors including FrontStream, Canaan and Morningside China. The company has 76 employees as of December 31, 2021. BiddingForGood operates in a competitive market with competitors including Greater Giving, Equip-bid, AuctionRover, Handbid and Auctria, among others.
- Headquarter Cambridge, United States
- Employees 76 as on 31 Dec, 2021
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Sectors
Government & Social SectorRetail
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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
$29.06 M (USD)
in 6 rounds
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Latest Funding Round
$2.1 M (USD), Series A
Oct 01, 2013
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Investors
FrontStream
& 2 more
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Employee Count
76
as on Dec 31, 2021
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Acquired by
FrontStream
(Jul 27, 2015)
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Funding Insights of BiddingForGood
BiddingForGood has successfully raised a total of $29.06M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.1 million completed in October 2013. 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 6
- Last Round Series A — $2.1M
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First Round
First Round
(25 Nov 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Series A - BiddingForGood | Valuation |
investors |
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| Dec, 2011 | Amount | Series A - BiddingForGood | Valuation | Canaan , Morningside |
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| Jun, 2010 | Amount | Series A - BiddingForGood | Valuation | Morningside |
| 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 BiddingForGood
BiddingForGood has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include FrontStream, Canaan and Morningside China. 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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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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VC and private equity investments are made in China-US companies.
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Founded Year | Domain | Location | |
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Integrated back-end merchant and donation solutions are provided multi-nationally.
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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 BiddingForGood
| 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 - BiddingForGood
| 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 |
Biddingforgood Comparisons
Competitors of BiddingForGood
BiddingForGood 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 Greater Giving, Equip-bid, AuctionRover, Handbid and Auctria, 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 |
Software solutions for nonprofit fundraising and event management are offered.
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| domain | founded_year | HQ Location |
Multi-category products are auctioned online through Equip-Bid platform.
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| domain | founded_year | HQ Location |
Simultaneous online auctions are crawled to find optimal item deals.
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| domain | founded_year | HQ Location |
Auction software for mobile bidding, ticketing, event management, and fundraising tools.
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| domain | founded_year | HQ Location |
Platform for organizing auctions, tickets, donations, and event websites online.
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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 Biddingforgood
Frequently Asked Questions about BiddingForGood
When was BiddingForGood founded?
BiddingForGood was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is BiddingForGood located?
BiddingForGood is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is BiddingForGood a funded company?
BiddingForGood is a funded company, having raised a total of $29.06M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.4M, raised on Nov 25, 2005.
How many employees does BiddingForGood have?
As of Dec 31, 2021, the latest employee count at BiddingForGood is 76.
What does BiddingForGood do?
BiddingForGood was established in 2003 in Cambridge, United States, as an online platform in the fundraising sector. Auctions are managed across categories including fashion, electronics, tickets, travel, sports items, antiques, dining, and events. Bidding is enabled for users to support charitable causes through competitive online processes, with operations focused on facilitating secure and diverse product sales for nonprofit organizations.
Who are the top competitors of BiddingForGood?
BiddingForGood's top competitors include Greater Giving, Equip-bid and AuctionRover.
Who are BiddingForGood's investors?
BiddingForGood has 3 investors. Key investors include FrontStream, Canaan, and Morningside China.
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