About BidX1
BidX1 is a company based in Dublin (Ireland) founded in 2011 was acquired by Pollen Street in September 2018.. BidX1 has raised $6.09 million across 3 funding rounds from investors including Enterprise Ireland, Oliver Wyman and Pollen Street. BidX1 offers products and services including Property Auction Platform and Property Listings Service. BidX1 operates in a competitive market with competitors including Beagel, BidFair, Luxury Reverse and Beagel Sold, among others.
- Headquarter Dublin, Ireland
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bidx1 Technology Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.09 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Enterprise Ireland
& 3 more
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Employee Count
Employee Count
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Acquired by
Pollen Street
(Sep 03, 2018)
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Products & Services of BidX1
BidX1 offers a comprehensive portfolio of products and services, including Property Auction Platform and Property Listings 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.
Online system for bidding and purchasing properties at auctions.
Tool for browsing and managing property investments and sales.
Funding Insights of BidX1
BidX1 has successfully raised a total of $6.09M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(25 Aug 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - BidX1 | Valuation | Oliver Wyman | |
| Feb, 2021 | Amount | Series A - BidX1 | Valuation |
investors |
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| Aug, 2020 | Amount | Grant - BidX1 | 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BidX1
BidX1 has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Enterprise Ireland, Oliver Wyman and Pollen Street. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Insurance risk management services are provided to clients worldwide.
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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 BidX1
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - BidX1
| 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 |
Bidx1 Comparisons
Competitors of BidX1
BidX1 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 Beagel, BidFair, Luxury Reverse and Beagel Sold, 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 auction management and real estate bidding platform
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| domain | founded_year | HQ Location |
Offers online bidding for short and long term accommodations via secure platform.
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| domain | founded_year | HQ Location |
Provides comprehensive auction management solutions for residential properties.
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| domain | founded_year | HQ Location |
Online platform for property auctions, registration, bidding, and agent connections.
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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 Bidx1
Frequently Asked Questions about BidX1
When was BidX1 founded?
BidX1 was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is BidX1 located?
BidX1 is headquartered in Dublin, Ireland.
Is BidX1 a funded company?
BidX1 is a funded company, having raised a total of $6.09M across 3 funding rounds to date. The company's 1st funding round was a Grant of $472.23K, raised on Aug 25, 2020.
What does BidX1 do?
BidX1 was founded in 2011 in Dublin, Ireland, and operates in the real estate sector as an online auction platform. Properties are registered and listed by owners, while buyers access details and submit bids. Auctions remain open until a bid is selected by the owner and the process is closed. The platform supports transactions across various property types in the region.
Who are the top competitors of BidX1?
BidX1's top competitors include Beagel, BidFair and Luxury Reverse.
What products or services does BidX1 offer?
BidX1 offers Property Auction Platform and Property Listings Service.
Who are BidX1's investors?
BidX1 has 4 investors. Key investors include Enterprise Ireland, Oliver Wyman, Pollen Street, and Dovalue.
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