About Bitly
Bitly is a company based in New York (United States) founded in 2008 by Nathan Folkman and John Borthwick.. Bitly has raised $119.9 million across 11 funding rounds from investors including Khosla Ventures, Social Leverage and U.S. Department of Education. The company has 193 employees as of December 31, 2023. Bitly has completed 1 acquisition, including Egoditor. Bitly offers products and services including URL Shortener, QR Code Generator, Analytics, and Landing Pages. Bitly operates in a competitive market with competitors including GoLinks, PicSee, IP Logger and Chatwith, among others.
- Headquarter New York, United States
- Employees 193 as on 31 Dec, 2023
- Founders Nathan Folkman, John Borthwick
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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 Bitly Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$119.9 M (USD)
in 11 rounds
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Latest Funding Round
$63 M (USD), Series D
Jul 12, 2017
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Investors
Khosla Ventures
& 19 more
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Employee Count
193
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of Bitly
Bitly offers a comprehensive portfolio of products and services, including URL Shortener, QR Code Generator, Analytics, and Landing Pages. 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.
Tool for shortening and tracking URLs for online sharing
Service for creating customizable QR codes for businesses
Platform for monitoring clicks and scans on links and codes
No-code tool for building mobile-friendly web pages
Funding Insights of Bitly
Bitly has successfully raised a total of $119.9M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $63 million completed in July 2017. 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 11
- Last Round Series D — $63.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series D - Bitly | Valuation | Spectrum Equity |
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| Jul, 2012 | Amount | Series C - Bitly | Valuation | Khosla Ventures | |
| Jul, 2012 | Amount | Series C - Bitly | 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 Bitly
Bitly has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Khosla Ventures, Social Leverage and U.S. Department of Education. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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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 Bitly
Bitly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Egoditor. 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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Web-based software is utilized for QR code generation and marketing.
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2009 |
| 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 - Bitly
| 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 |
Bitly Comparisons
Competitors of Bitly
Bitly 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 GoLinks, PicSee, IP Logger and Chatwith, 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 |
Cloud-based link shortening platform is provided for team SEO management.
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| domain | founded_year | HQ Location |
Cloud-based URL shortening and analytics tools are provided for businesses.
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| domain | founded_year | HQ Location |
Provides cloud-based tools for URL shortening.
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| domain | founded_year | HQ Location |
WhatsApp links are shortened and managed through this platform.
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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 Bitly
Frequently Asked Questions about Bitly
When was Bitly founded?
Bitly was founded in 2008.
Where is Bitly located?
Bitly is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Bitly a funded company?
Bitly is a funded company, having raised a total of $119.9M across 11 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Jun 01, 2008.
How many employees does Bitly have?
As of Dec 31, 2023, the latest employee count at Bitly is 193.
What does Bitly do?
Bitly was founded in 2008 and is headquartered in New York, United States. Operations focus on the software sector, providing cloud-based URL shortening solutions. Link management software is utilized by marketers to condense URLs and monitor their performance across social media and the public web. Customizable links can be generated and distributed through various channels, including email, SMS, display ads, and social platforms.
What products or services does Bitly offer?
Bitly offers URL Shortener, QR Code Generator, Analytics, and Landing Pages.
How many acquisitions has Bitly made?
Bitly has made 1 acquisition, including Egoditor.
Who are Bitly's investors?
Bitly has 20 investors. Key investors include Khosla Ventures, Social Leverage, U.S. Department of Education, Spectrum Equity, and O'Reilly AlphaTech Ventures.