About CityPockets
CityPockets is a company based in New York (United States) founded in 2010 by Jhony Fung and Cheryl Yeoh. It operates as a B2C. CityPockets has raised $1.32 million across 3 funding rounds from investors including MI Ventures, Great Oaks Venture Capital and Success-is-in-reach.com. CityPockets has completed 1 acquisition, including DealBurner. CityPockets operates in a competitive market with competitors including Travelzoo, Harbor Freight Coupons, PageBites, Zoomingo and DealBase, among others.
- Headquarter New York, United States
- Founders Jhony Fung, Cheryl Yeoh
- SectorsFinancial Services
- Website citypockets.com
- Social X Facebook
- Total Equity Funding$1.32M (USD)
in 3 rounds
- Latest Funding Round$750K (USD), Seed
Jun 2011
- InvestorsMI Ventures
& 2 more
- Investments & Acquisitions
Funding Insights of CityPockets
CityPockets has successfully raised a total of $1.32M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $750 thousand completed in June 2011. 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 $1.32M
- Total Rounds 3
- Last Round Seed — $750,000
- First Round $20,000
(Aug 2010)
- Investors Count 3
All 3 funding rounds of CityPockets with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2011 | $750,000 | Seed | – | – | |
| May 2011 | $550,092 | Seed | – | – | – |
| Aug 2010 | $20,000 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in CityPockets
CityPockets has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MI Ventures, Great Oaks Venture Capital and Success-is-in-reach.com.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage ventures are supported through investments and advisory services by MI Ventures. | 2013 | miventuresllc.com | New York, United States | |
Tech focused early-stage micro VC firm investing in the US | – | greatoaksvc.com | New York, United States | |
- | – | success-is-in-reach.com | - |
Investor details for CityPockets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CityPockets
2 people are tracked at CityPockets (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jhony Fung | Co-Founder | Leadership |
Cheryl Yeoh | CEO, Co-Founder | Leadership |
Complete people profiles for CityPockets
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by CityPockets
CityPockets has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DealBurner.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
SMS marketing services are provided for targeted business outreach. | dealburner.com | United States | 2011 | Aug 2011 | •••• |
Complete acquisition details for CityPockets
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of CityPockets
4 dated milestones of CityPockets across 1 years, from founding to its latest funding, stage changes and deals.
- Founded CityPockets is founded.
- Funding First funding round of $20K.
- Funding Latest funding round, Seed, of $750K.
- Acquisition Acquires DealBurner.
Competitors of CityPockets
CityPockets 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 Travelzoo, Harbor Freight Coupons, PageBites, Zoomingo and DealBase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| travelzoo.com | 1998 | New York, United States | – | 237 | Platform to discover deals online | |
| hfcoupons.com | 2018 | United States | – | – | Offers coupons and apps for tools, equipment, and retail purchases. | |
| pagebites.com | 2008 | Palo Alto, United States | $23.53M | 44 | Coupons and promo codes for event supplies are provided online. | |
| zoomingo.com | 2000 | Olympia, United States | $2.74M | – | A shopping application for finding deals and products. | |
| dealbase.com | 2008 | San Francisco, United States | $1M | – | Travel deals are aggregated and analyzed from numerous sources. | |
| sqoot.com | 2010 | New York, United States | $50,000 | – | Local deals aggregator API | |
| deallauncher.mobi | 2020 | Bonita Springs, United States | – | – | An online platform for discovering deals and coupons across multiple product categories. | |
| ibuyabilene.com | 2019 | Abilene, United States | – | – | Free app for coupons at local businesses in Abilene, Texas categories. |
Detailed competitors of CityPockets
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to CityPockets
10 companies that operate in the same segment as CityPockets (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about CityPockets
CityPockets was founded in 2010.
CityPockets is headquartered in New York, United States. It is registered at New York, New York, United States.
Cheryl Yeoh is the current CEO of CityPockets. They have also founded this company.
CityPockets is a funded company, having raised a total of $1.32M across 3 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Aug 2010.
CityPockets, founded in 2010 in New York, United States, focuses on offering financial products and advice, fintech, offering digital wallets, and daily deals platform. A digital wallet for accessing and managing daily deals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
CityPockets has made 1 acquisition, including DealBurner.
CityPockets has 3 investors. Key investors include MI Ventures, Great Oaks Venture Capital, and Success-is-in-reach.com.