About Cake
Cake is a company based in Kapellen (Belgium) founded in 2019 by Davy Kestens was acquired by Levenue in November 2023.. Cake has raised $5.24 million across 1 funding round from investors including Levenue, Truffle Capital and Seeder Fund. The company has 6 employees as of December 31, 2022. Cake operates in a competitive market with competitors including Rydoo, Horizonbudget, Softurion, Budgetos and Halff, among others.
- Headquarter Kapellen, Belgium
- Employees 6 as on 31 Dec, 2022
- Founders Davy Kestens
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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
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- Legal Name Cake Nv
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Funding Insights of Cake
Cake has successfully raised a total of $5.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.24 million completed in January 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 1
- Last Round Seed — $5.2M
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First Round
First Round
(14 Jan 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Cake | Valuation | Truffle Capital |
| 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 Cake
Cake has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Levenue, Truffle Capital and Seeder Fund. 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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Truffle Capital is recognized as a leading European venture capital firm.
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Founded Year | Domain | Location | |
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Venture debt is provided to tech start-ups based in Belgium.
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Founded Year | Domain | Location | |
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VC & PE fund
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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 Cake
| 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 - Cake
| 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 |
Cake Comparisons
Competitors of Cake
Cake 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 Rydoo, Horizonbudget, Softurion, Budgetos and Halff, 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 |
AI and SaaS platform for business expense management is provided.
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| domain | founded_year | HQ Location |
Offers a cloud-based platform for effective budget management.
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| domain | founded_year | HQ Location |
Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad.
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| domain | founded_year | HQ Location |
A cloud-based platform for efficient expense management and tracking.
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| domain | founded_year | HQ Location |
Account-linked expense aggregation 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 Cake
Frequently Asked Questions about Cake
When was Cake founded?
Cake was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Cake located?
Cake is headquartered in Kapellen, Belgium. It is registered at Kapellen, Antwerp, Belgium.
Who is the current CEO of Cake?
Davy Kestens is the current CEO of Cake. They have also founded this company.
Is Cake a funded company?
Cake is a funded company, having raised a total of $5.24M across 1 funding round to date. The company's 1st funding round was a Seed of $5.24M, raised on Jan 14, 2022.
How many employees does Cake have?
As of Dec 31, 2022, the latest employee count at Cake is 6.
What does Cake do?
Cake was founded in 2019 in Kapellen, Belgium, within the personal financial management sector. Solutions are delivered through a mobile app accessible on iOS and Android devices. Expenses are tracked and consolidated in one platform, with tools provided for financial control, spending comparisons, and payment alerts. Operations focus on individual users seeking streamlined expense oversight.
Who are the top competitors of Cake?
Cake's top competitors include Rydoo, Halff and Horizonbudget.
Who are Cake's investors?
Cake has 5 investors. Key investors include Levenue, Truffle Capital, Seeder Fund, unknown, and Sambrinvest.
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