About Coil
Coil is a company founded in 2018. It operates as a Subscription Services. Coil has raised $4 million across 1 funding round from investors including Xpring and Stefan Thomas. Coil offers products and services including Coil Membership.
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Coil Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Aug 15, 2019
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Investors
Xpring
& 1 more
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Employee Count
Employee Count
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Products & Services of Coil
Coil offers a comprehensive portfolio of products and services, including Coil Membership. 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.
Membership for accessing and supporting web monetized content.
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Leadership Team
2 people
Finance and Accounting
1 people
COO Team
1 people
CMO Team
1 people
Operations Team
1 people
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Funding Insights of Coil
Coil has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in August 2019. 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 1
- Last Round Seed — $4.0M
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First Round
First Round
(15 Aug 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Seed - Coil | Valuation | Xpring |
| 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 Coil
Coil has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Xpring and Stefan Thomas. 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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A cross-chain network designed to facilitate transactions in the finance industry.
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Founded Year | Domain | Location | |
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ST
Stefan Thomas |
Angel investor, tech entrepreneur, known for early Bitcoin involvement
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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 Coil
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Coil
| 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 |
Coil Comparisons
Competitors of Coil
| 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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Frequently Asked Questions about Coil
When was Coil founded?
Coil was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Is Coil a funded company?
Coil is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Aug 15, 2019.
What does Coil do?
Coil was established to support web monetization by providing a platform for creators and developers to earn through content. The company developed technology around Interledger, fostering an ecosystem for digital payments. Services included memberships for users to access monetized content. As of 2023, Coils products are being discontinued, with stewardship of Interledger passed to the Interledger Foundation.
What products or services does Coil offer?
Coil offers Coil Membership.
Who are Coil's investors?
Coil has 2 investors. Key investors include Xpring, and Stefan Thomas.
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