About BUD Technologies
BUD Technologies is a company based in Wilmington (United States) founded in 2021.. BUD Technologies has raised $51.8 million across 2 funding rounds from investors including NetEase Games, Peak XV Partners and Qiming Venture Partners. BUD Technologies operates in a competitive market with competitors including IMVU, Meta, ZEPETO, Yuga Labs and VRChat, among others.
- Headquarter Wilmington, United States
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51.8 M (USD)
in 2 rounds
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Latest Funding Round
$36.8 M (USD), Series B
May 22, 2022
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Investors
NetEase Games
& 7 more
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Employee Count
Employee Count
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Funding Insights of BUD Technologies
BUD Technologies has successfully raised a total of $51.8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $36.8 million completed in May 2022. 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 — $36.8M
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First Round
First Round
(13 Feb 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - BUD Technologies | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - BUD Technologies | Valuation | Qiming Venture Partners |
| 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 BUD Technologies
BUD Technologies has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include NetEase Games, Peak XV Partners and Qiming Venture Partners. 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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Provider of early stage venture capital focused on technology companies
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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 |
| 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 BUD Technologies
| 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 - BUD Technologies
| 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 |
Bud Technologies Comparisons
Competitors of BUD Technologies
BUD Technologies 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 IMVU, Meta, ZEPETO, Yuga Labs and VRChat, 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 |
Provider of an online 3D avatar-based social network
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| domain | founded_year | HQ Location |
Metaverse platforms and VR devices are developed for immersive interactions.
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| domain | founded_year | HQ Location |
Metaverse social platform offering 3D character creation
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| domain | founded_year | HQ Location |
A marketplace for games, NFTs, and digital collectibles is operated.
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| domain | founded_year | HQ Location |
Provider of a VR-based social platform
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| domain | founded_year | HQ Location |
Provider of a metaverse development 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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Frequently Asked Questions about BUD Technologies
When was BUD Technologies founded?
BUD Technologies was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is BUD Technologies located?
BUD Technologies is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is BUD Technologies a funded company?
BUD Technologies is a funded company, having raised a total of $51.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Feb 13, 2022.
What does BUD Technologies do?
BUD Technologies was founded in 2021 and is headquartered in Wilmington, United States. A mobile-first virtual platform is offered in the 3D technology sector, allowing users to create and share 3D characters and scenes through a dedicated app. Collaboration among users is facilitated, along with access to a user community and options for custom 3D avatars. Operations focus on enabling interactive virtual experiences across mobile devices.
Who are the top competitors of BUD Technologies?
Who are BUD Technologies's investors?
BUD Technologies has 8 investors. Key investors include NetEase Games, Peak XV Partners, Qiming Venture Partners, ClearVue Partners, and NLVC.
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