About Coconut
Coconut is a company based in London (United Kingdom) founded in 2016. Coconut has raised $7.88 million across 5 funding rounds from investors including Crowdcube and Techstars. Coconut offers products and services including Coconut App, Invoicing Tool, and Tax Calculator. Coconut operates in a competitive market with competitors including Wave, FreshBooks, Collective, Accountable and Indy, among others.
- Headquarter London, United Kingdom
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Coconut Platform Ltd
- Date of Incorporation 07 Dec, 2015
- Jurisdiction OLDHAM, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7.88 M (USD)
in 5 rounds
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Latest Funding Round
$403.12 K (USD), Series A
Nov 23, 2022
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Investors
Crowdcube
& 1 more
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Employee Count
Not available
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Products & Services of Coconut
Coconut offers a comprehensive portfolio of products and services, including Coconut App, Invoicing Tool, and Tax Calculator.
Mobile app for tracking income and expenses for self-employed users.
Feature for sending and tracking branded invoices quickly.
Tool to estimate and set aside taxes for sole traders.
Funding Insights of Coconut
Coconut has successfully raised a total of $7.88M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $403.12 thousand completed in November 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.
Investors in Coconut
Coconut has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Crowdcube and Techstars.
| Investor | Description | Founded Year | Domain | Location |
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Startups are accelerated globally without sector restrictions through structured programs.
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Equity crowdfunding is enabled for startups and growing businesses.
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Investor details for Coconut
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Coconut
Investment portfolio details for Coconut
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Coconut
Detailed financials for Coconut
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Coconut Comparisons
Peer comparison for Coconut
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Competitors of Coconut
Coconut 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 Wave, FreshBooks, Collective, Accountable and Indy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Web-based accounting software is offered for business use.
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Cloud-based invoicing and accounting software is offered for businesses.
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Cloud-based back-office platform for self-employed and businesses is offered.
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App-based accounting solutions are offered to freelancers for management needs.
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Cloud-based accounting software is provided for freelancers' financial management.
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Cloud-based accounting software is provided for business management.
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Detailed competitors of Coconut
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Latest news on Coconut
Complete news archive for Coconut
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Frequently Asked Questions about Coconut
Coconut was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Coconut is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Coconut is a funded company, having raised a total of $7.88M across 5 funding rounds to date.
Coconut was founded in 2016 in London, United Kingdom. An online accounting platform is provided for freelancing traders in the financial software sector. Core operations include invoice management, expense tracking, general accounting, notification handling, and income monitoring. The platform operates on a subscription-based pricing model and supports finance management needs for independent professionals.
Coconut's top competitors include FreshBooks, Wave and MBO Partners.
Coconut offers Coconut App, Invoicing Tool, and Tax Calculator.