About Cherry
Cherry is a company based in San Francisco (United States) founded in 1995 was acquired by Lyft in March 2013. It operates as a Subscription Services, and Commission-Based. Cherry has raised $5.25 million across 2 funding rounds from investors including Lyft, Shasta Ventures and Founders Fund. Cherry offers products and services including Online Casino, Live Casino, and Jackpot Games. Cherry operates in a competitive market with competitors including Spiffy, EverWash, Way, Tommy's Express and Zips Car Wash, among others.
- Headquarter San Francisco, United States
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Phone
*********
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Website
*********
- Legal Name Cherry Online Ltd
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Products & Services of Cherry
Cherry offers a comprehensive portfolio of products and services, including Online Casino, Live Casino, and Jackpot Games. 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.
Online casino games are offered for entertainment purposes.
Live casino games are streamed with real dealers.
Jackpot games are provided with progressive prize pools.
Funding Insights of Cherry
Cherry has successfully raised a total of $5.25M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $4.5 million completed in April 2012. 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 Unspecified — $4.5M
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First Round
First Round
(08 Nov 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2012 | Amount | Unspecified - Cherry | Valuation |
investors |
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| Nov, 2011 | Amount | Unspecified - Cherry | Valuation |
investors |
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| 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 Cherry
Cherry has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Lyft, Shasta Ventures and Founders 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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Venture capital firm investing in early stage startups
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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App-based ride-hailing aggregator
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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 Cherry
| 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 - Cherry
| 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 |
Cherry Comparisons
Competitors of Cherry
Cherry 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 Spiffy, EverWash, Way, Tommy's Express and Zips Car Wash, 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 |
Spiffy is recognized as a full-stack mobile service platform for the automotive industry.
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| domain | founded_year | HQ Location |
Car washing services are booked via an online platform.
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| domain | founded_year | HQ Location |
App-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
App-based booking of car washing and detailing services is facilitated.
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| domain | founded_year | HQ Location |
Car washing services are booked via an online subscription platform.
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| domain | founded_year | HQ Location |
Provider of car washing services
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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 Cherry
Frequently Asked Questions about Cherry
When was Cherry founded?
Cherry was founded in 1995 and raised its 1st funding round 16 years after it was founded.
Where is Cherry located?
Cherry is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Cherry a funded company?
Cherry is a funded company, having raised a total of $5.25M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $750K, raised on Nov 08, 2011.
What does Cherry do?
Cherry is established as a prominent name in online gaming, offering a wide range of casino games, live casino experiences, and jackpot games. Based in Malta, the company operates under a Swedish gaming license issued by Spelinspektionen. Over 1500 games from leading providers like NetEnt and Evolution are hosted, catering to diverse player preferences. The platform is designed for both mobile and desktop use, ensuring accessibility. A focus on responsible gaming is maintained through regulated operations.
What products or services does Cherry offer?
Cherry offers Online Casino, Live Casino, and Jackpot Games.
Who are Cherry's investors?
Cherry has 3 investors. Key investors include Lyft, Shasta Ventures, and Founders Fund.
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