About Colu
Colu is a company based in Tel Aviv (Israel) founded in 2014 was acquired by QRyde in July 2024.. Colu has raised $26.6 million across 3 funding rounds from investors including Digital Currency Group, IDB and Spark Capital. Colu operates in a competitive market with competitors including AZA Finance, Skrill, Metal Pay, Bitwage and Placemeter, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Government & Social SectorFinancial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.6 M (USD)
in 3 rounds
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Latest Funding Round
$14.5 M (USD), Series B
Dec 18, 2017
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Investors
Digital Currency Group
& 6 more
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Employee Count
Employee Count
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Acquired by
QRyde
(Jul 26, 2024)
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Sales and Marketing
2 people
Leadership Team
1 people
Finance and Accounting
1 people
Senior Team
1 people
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Funding Insights of Colu
Colu has successfully raised a total of $26.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14.5 million completed in December 2017. 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 3
- Last Round Series B — $14.5M
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First Round
First Round
(27 Jan 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series B - Colu | Valuation | IDB |
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| Jun, 2016 | Amount | Series A - Colu | Valuation | Spark Capital , Digital Currency Group | |
| Jan, 2015 | Amount | Seed - Colu | Valuation | Spark Capital , Aleph |
| 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 Colu
Colu has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Digital Currency Group, IDB and Spark Capital. 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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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage tech investments in Israel are focused on by Aleph.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 Colu
| 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 - Colu
| 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 |
Colu Comparisons
Competitors of Colu
Colu 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 AZA Finance, Skrill, Metal Pay, Bitwage and Placemeter, 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 |
Software for cross-border remittances and forex management is provided.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
Blockchain remittances are enabled with METAL reward currency.
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| domain | founded_year | HQ Location |
Cryptocurrency-based payroll and invoicing services are provided internationally.
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| domain | founded_year | HQ Location |
Provider of products and equipment for security and surveillance solutions
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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 Colu
Frequently Asked Questions about Colu
When was Colu founded?
Colu was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Colu located?
Colu is headquartered in Tel Aviv, Israel.
Is Colu a funded company?
Colu is a funded company, having raised a total of $26.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jan 27, 2015.
What does Colu do?
Colu was founded in 2014 in Tel Aviv, Israel, within the blockchain and fintech sectors. Access to colored coins and Bitcoin 2.0 infrastructure is provided through an application programming interface for developers. A metadata layer is added to Bitcoin transactions, allowing exchanges of real-world assets such as keys, tickets, titles, and deeds. Distributed applications are supported for community-based payment systems.
Who are the top competitors of Colu?
Colu's top competitors include Skrill, AZA Finance and Commonplace.
Who are Colu's investors?
Colu has 7 investors. Key investors include Digital Currency Group, IDB, Spark Capital, Aleph, and Tom Glocer.
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