About Bitstrips
Bitstrips is a company based in Toronto (Canada) founded in 2007 by Dorian Baldwin, David Kennedy, and Shahan Panth was acquired by Snapchat in July 2016.. Bitstrips has raised $11 million across 2 funding rounds from investors including Snapchat, Kleiner Perkins and Horizons Ventures. Bitstrips offers products and services including Bitmoji App, Friendmoji, 3D Bitmoji, and Bitmoji Geofilters. Bitstrips operates in a competitive market with competitors including MemeChat, Bitmoji, TouchPal, Emoji Up and GIF2Sticker, among others.
- Headquarter Toronto, Canada
- Founders Dorian Baldwin, David Kennedy, Shahan Panth
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Snap Inc.
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Products & Services of Bitstrips
Bitstrips offers a comprehensive portfolio of products and services, including Bitmoji App, Friendmoji, 3D Bitmoji, and Bitmoji Geofilters. 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.
App for designing and sharing personalized emojis across devices
Tool for creating collaborative emojis with friends
Feature for 3D avatar experiences in virtual environments
Filters for adding location-specific emoji elements
Funding Insights of Bitstrips
Bitstrips has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in October 2014. 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 2
- Last Round Series B — $8.0M
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First Round
First Round
(12 Dec 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series B - Bitstrips | Valuation |
investors |
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| Dec, 2013 | Amount | Series A - Bitstrips | 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 Bitstrips
Bitstrips has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Snapchat, Kleiner Perkins and Horizons 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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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Multimedia messaging application for ephemeral photos and videos is provided.
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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 Bitstrips
| 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 - Bitstrips
| 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 |
Bitstrips Comparisons
Competitors of Bitstrips
Bitstrips 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 MemeChat, Bitmoji, TouchPal, Emoji Up and GIF2Sticker, 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 |
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| domain | founded_year | HQ Location |
Meme creation and sharing are facilitated by an online platform.
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| domain | founded_year | HQ Location |
Personalized emojis are created and shared via a mobile app.
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| domain | founded_year | HQ Location |
Customized emojis and stickers are created via a mobile application.
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| domain | founded_year | HQ Location |
Provides emoji library, editor, and tools for creating and sharing emojis online.
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| domain | founded_year | HQ Location |
Offers sticker-making solutions for messaging applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Bitstrips
Frequently Asked Questions about Bitstrips
When was Bitstrips founded?
Bitstrips was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is Bitstrips located?
Bitstrips is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Bitstrips a funded company?
Bitstrips is a funded company, having raised a total of $11M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Dec 12, 2013.
What does Bitstrips do?
Bitstrips was founded in 2007 in Toronto, Canada, as an app focused on digital content creation in the social media sector. Emojis and stickers featuring users and their contacts are generated, along with comic characters, memes, and sketches. Content produced is shared through platforms like Snapchat. The service operates on iOS and Android devices, supporting user-driven customization and distribution.
Who are the top competitors of Bitstrips?
What products or services does Bitstrips offer?
Bitstrips offers Bitmoji App, Friendmoji, 3D Bitmoji, and Bitmoji Geofilters.
Who are Bitstrips's investors?
Bitstrips has 3 investors. Key investors include Snapchat, Kleiner Perkins, and Horizons Ventures.
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