About CAKE
CAKE is a company based in Stockholm (Sweden) founded in 2016 by Nils Ytterborn, Karl Ytterborn, and Stefan Ytterborn. It operates as a Direct-to-Consumer (D2C). CAKE has raised $74 million across 2 funding rounds from investors including AMF, Creandum and Headline. CAKE offers products and services including Makka, Ösa, Kalk, and Bukk. CAKE operates in a competitive market with competitors including NEVS, Vässla, RGNT Motorcycles, Movs Technology Group and Leo Motors, among others.
- Headquarter Stockholm, Sweden
- Founders Nils Ytterborn, Karl Ytterborn, Stefan Ytterborn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$74 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Sep 27, 2021
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Investors
AMF
& 2 more
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Employee Count
Employee Count
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Acquired by
(Feb 29, 2024)
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Products & Services of CAKE
CAKE offers a comprehensive portfolio of products and services, including Makka, Ösa, Kalk, and Bukk. 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.
Lightweight moped designed for convenient urban commuting needs.
Powerful bike built for utility and cargo transport.
Original platform crafted for versatile electric bike performance.
Advanced motorcycle engineered for light off-road exploration.
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Funding Insights of CAKE
CAKE has successfully raised a total of $74M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in September 2021. 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 — $60.0M
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First Round
First Round
(12 Sep 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - CAKE | Valuation | AMF | |
| Sep, 2019 | Amount | Series A - CAKE | Valuation | Creandum |
| 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 3 investors, including institutional and venture fund investors. Prominent investors backing the company include AMF, Creandum and Headline. 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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Venture capital investments and support services are offered to early-stage tech startups.
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Investments are made in early-stage tech startups across multiple sectors.
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AMF is focused on providing secure pension and savings solutions.
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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 NEVS, Vässla, RGNT Motorcycles, Movs Technology Group and Leo Motors, 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 |
Electric autonomous cars are manufactured for urban mobility needs.
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| domain | founded_year | HQ Location |
Electric two-wheelers including bikes and mopeds are developed by Vässla.
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| domain | founded_year | HQ Location |
Electric motorcycles are manufactured by RGNT Motorcycles in Stockholm, Sweden.
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| domain | founded_year | HQ Location |
Multi-category electric two-wheelers and mobility solutions are developed.
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| domain | founded_year | HQ Location |
Provides cartridge batteries designed for electric vehicles.
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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 Cake
Frequently Asked Questions about CAKE
When was CAKE founded?
CAKE was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is CAKE located?
CAKE is headquartered in Stockholm, Sweden.
Who is the current CEO of CAKE?
Stefan Ytterborn 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 $74M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Sep 12, 2019.
What does CAKE do?
Electric motorbikes and mopeds are developed and distributed by CAKE, focusing on lightweight, high-performance solutions for commuting, off-road exploration, and professional use. Various models such as Makka, Ösa, Kalk, and Bukk are offered to cater to different needs, including urban mobility and heavy-duty tasks. The automotive sector, specifically electric vehicles, is targeted with an emphasis on sustainability and zero-emission transportation.
Who are the top competitors of CAKE?
CAKE's top competitors include NEVS, Vässla and RGNT Motorcycles.
What products or services does CAKE offer?
CAKE offers Makka, Ösa, Kalk, and Bukk.
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