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
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Net Profit
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EBITDA
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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
Employee Count
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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. 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.
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $403,118
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First Round
First Round
(01 Jun 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series A - Coconut | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Coconut | Valuation |
investors |
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| Jul, 2020 | Amount | Series A - Coconut | 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 Coconut
Coconut has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Crowdcube and Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Equity crowdfunding is enabled for startups and growing businesses.
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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 Coconut
| 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 - Coconut
| 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 |
Coconut Comparisons
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. 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 |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based back-office platform for self-employed and businesses is offered.
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| domain | founded_year | HQ Location |
App-based accounting solutions are offered to freelancers for management needs.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for freelancers' financial management.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for business management.
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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 Coconut
Frequently Asked Questions about Coconut
When was Coconut founded?
Coconut was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Coconut located?
Coconut is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Coconut a funded company?
Coconut is a funded company, having raised a total of $7.88M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.09M, raised on Jun 01, 2017.
What does Coconut do?
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.
Who are the top competitors of Coconut?
Coconut's top competitors include FreshBooks, Wave and MBO Partners.
What products or services does Coconut offer?
Coconut offers Coconut App, Invoicing Tool, and Tax Calculator.
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