About Cents
Cents is a company based in New York (United States) founded in 2019 by Gilli Cherrin, Alexander Jekowsky, and Pramod Dabir. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Cents has raised $44.25 million across 3 funding rounds from investors including Bessemer Venture Partners, Camber Creek and Tiger Global. The company has 29 employees as of December 31, 2021. Cents has completed 1 acquisition, including Starchup. Cents offers products and services including Cents POS, Cents Dispatch, Cents Connect, Cents Assist, and Cents Accelerate. Cents operates in a competitive market with competitors including CleanCloud, Washlava, Starchup, WeWash and Hangzhou Penguin Technology, among others.
- Headquarter New York, United States
- Employees 29 as on 31 Dec, 2021
- Founders Gilli Cherrin, Alexander Jekowsky, Pramod Dabir
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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 Make Cents Technologies Incorporated
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Annual Revenue
$13.97 K (USD)76as on Dec 31, 2017
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Net Profit
$-52.69 (USD)0as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$44.25 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series B
Aug 08, 2024
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Investors
Bessemer Venture Partners
& 11 more
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Employee Count
29
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Cents
Cents offers a comprehensive portfolio of products and services, including Cents POS, Cents Dispatch, Cents Connect, Cents Assist, and Cents Accelerate. 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.
Integrated system for managing orders and payments efficiently.
Platform for optimizing pickup and delivery operations effectively.
Solution for monitoring and managing laundry machine performance.
AI-powered call center for enhanced customer support services.
Tools for personalized messaging and customer engagement strategies.
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Funding Insights of Cents
Cents has successfully raised a total of $44.25M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in August 2024. 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 3
- Last Round Series B — $40.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - Cents | Valuation | Camber Creek | |
| Feb, 2021 | Amount | Seed - Cents | Valuation | Bessemer Venture Partners | |
| Feb, 2021 | Amount | Debt – Conventional - Cents | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Cents
Cents has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Camber Creek and Tiger Global. 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 fund focused on tech startups
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 Cents
Cents has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Starchup. 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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Cloud-based SaaS solutions provider for laundry and dry cleaning businesses
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2014 |
| 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 - Cents
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Cents Comparisons
Competitors of Cents
Cents 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 CleanCloud, Washlava, Starchup, WeWash and Hangzhou Penguin Technology, 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 |
Online ordering and POS software for laundry providers is supplied.
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| domain | founded_year | HQ Location |
Online platform offering diverse articles on various topics.
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| domain | founded_year | HQ Location |
Cloud-based SaaS solutions provider for laundry and dry cleaning businesses
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| domain | founded_year | HQ Location |
Software and hardware solutions for laundry management are provided.
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| domain | founded_year | HQ Location |
Self-service laundry services and IoT enabling systems are provided.
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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 Cents
Frequently Asked Questions about Cents
When was Cents founded?
Cents was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Cents located?
Cents is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Cents?
Alexander Jekowsky is the current CEO of Cents. They have also founded this company.
Is Cents a funded company?
Cents is a funded company, having raised a total of $44.25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.25M, raised on Feb 15, 2021.
How many employees does Cents have?
As of Dec 31, 2021, the latest employee count at Cents is 29.
What is the annual revenue of Cents?
Annual revenue of Cents is $13.97K as on Dec 31, 2017.
What does Cents do?
Cents is established as a leading provider of integrated laundry and dry cleaning business management software. Solutions are offered for laundromats, covering point of sale, machine integration, pickup and delivery, customer service through AI call centers, and marketing tools. Operations are streamlined across self-service, full-service, and dry cleaning sectors. Revenue growth and efficiency improvements are facilitated through a unified platform. Support is extended to over 4,000 stores with customizable tools for business expansion.
Who are the top competitors of Cents?
Cents's top competitors include CleanCloud, WeWash and InvoTech Systems.
What products or services does Cents offer?
Cents offers Cents POS, Cents Dispatch, Cents Connect, Cents Assist, and Cents Accelerate.
How many acquisitions has Cents made?
Cents has made 1 acquisition, including Starchup.
Who are Cents's investors?
Cents has 12 investors. Key investors include Bessemer Venture Partners, Camber Creek, Tiger Global, Tech Pioneers Fund, and Derive Ventures.
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