About BITA
BITA is a company based in Frankfurt (Germany) founded in 2017 by Victor Hugo Gomez.. BITA has raised $1.41 million across 1 funding round from investors including Volta Ventures, Michel Akkermans and Futury Capital. The company has 8 employees as of December 31, 2020. BITA operates in a competitive market with competitors including Solactive, VettaFi, Wilshire Indexes, Foxberry and Optimal Asset Management, among others.
- Headquarter Frankfurt, Germany
- Employees 8 as on 31 Dec, 2020
- Founders Victor Hugo Gomez
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bita Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.41 M (USD)
in 1 rounds
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Latest Funding Round
$1.41 M (USD), Seed
Jul 05, 2019
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Investors
Volta Ventures
& 2 more
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Employee Count
8
as on Dec 31, 2020
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Funding Insights of BITA
BITA has successfully raised a total of $1.41M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.41 million completed in July 2019. 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 — $1.4M
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First Round
First Round
(05 Jul 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Seed - BITA | Valuation | Volta Ventures , Futury Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 BITA
BITA has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Volta Ventures, Michel Akkermans and Futury Capital. 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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Volta Ventures is focused on investing in B2B SaaS startups.
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Founded Year | Domain | Location | |
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Investments in tech companies are managed by Futury Capital.
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Founded Year | Domain | Location | |
|
MA
Michel Akkermans |
Belgian investor, founder of Clear2Pay, active in Indian fintech startups
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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 BITA
| 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.
|
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.
|
2016 |
Financial Statements - BITA
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bita Comparisons
Competitors of BITA
BITA 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 Solactive, VettaFi, Wilshire Indexes, Foxberry and Optimal Asset Management, 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 |
Tailor-made multi-asset class index solutions are developed for investment products.
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| domain | founded_year | HQ Location |
Provider of indexing services, data analytics, and digital marketing solutions for asset managers
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| domain | founded_year | HQ Location |
Provider of financial platform providing real-time quotes, performance history, and news
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| domain | founded_year | HQ Location |
Index management solutions
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| domain | founded_year | HQ Location |
Diversified investment management services are provided to clients.
|
| 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 Bita
Frequently Asked Questions about BITA
When was BITA founded?
BITA was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is BITA located?
BITA is headquartered in Frankfurt, Germany. It is registered at Frankfurt, Hesse, Germany.
Who is the current CEO of BITA?
Victor Hugo Gomez is the current CEO of BITA. They have also founded this company.
Is BITA a funded company?
BITA is a funded company, having raised a total of $1.41M across 1 funding round to date. The company's 1st funding round was a Seed of $1.41M, raised on Jul 05, 2019.
How many employees does BITA have?
As of Dec 31, 2020, the latest employee count at BITA is 8.
What does BITA do?
BITA was founded in 2017 in Frankfurt, Germany, as an AI-driven platform in the financial technology sector. Investment data analysis is facilitated through features such as research tools, algorithms, portfolio optimization, and backtesting, all supported by big data. Quantitative investment strategies and financial indexes are enabled for users. Cloud-based software including BITA ACE for index calculations and BITACORE for strategy construction is provided.
Who are the top competitors of BITA?
BITA's top competitors include Solactive, VettaFi and Wilshire Indexes.
Who are BITA's investors?
BITA has 3 investors. Key investors include Volta Ventures, Michel Akkermans, and Futury Capital.
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