About Confrere
Confrere is a company based in Oslo (Norway) founded in 2017 by Svein Willassen, Dag Inge Aas, and Ida Aalen was acquired by Y Combinator in June 2022. It operates as a SaaS (Software-as-a-Service). Confrere has raised $1.5 million across 1 funding round from investors including The Nordic Web, Fathom Capital and Albert Armengol. The company has 9 employees as of December 31, 2019. Confrere offers products and services including Confrere Video Calls. Confrere operates in a competitive market with competitors including Dialpad, Fuze, Webex, Zoom and Skype, among others.
- Headquarter Oslo, Norway
- Employees 9 as on 31 Dec, 2019
- Founders Svein Willassen, Dag Inge Aas, Ida Aalen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$316.26 K (USD)-7as on Dec 31, 2021
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Net Profit
$10.68 K (USD)-89as on Dec 31, 2021
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EBITDA
$14.17 K (USD)-88as on Dec 31, 2021
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Sep 09, 2018
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Investors
The Nordic Web
& 6 more
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Employee Count
9
as on Dec 31, 2019
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Acquired by
Y Combinator
(Jun 07, 2022)
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Products & Services of Confrere
Confrere offers a comprehensive portfolio of products and services, including Confrere Video Calls. 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.
Secure video calls are provided for professional use.
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Funding Insights of Confrere
Confrere has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in September 2018. 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 — $1.5M
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First Round
First Round
(09 Sep 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - Confrere | Valuation | Point Nine |
| 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 Confrere
Confrere has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The Nordic Web, Fathom Capital and Albert Armengol. 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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Founded Year | Domain | Location | |
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Seed and Series A startups receive investments from Nordic Makers.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward marketplace and SaaS companies.
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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 Confrere
| 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 - Confrere
| 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 |
Confrere Comparisons
Competitors of Confrere
Confrere 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 Dialpad, Fuze, Webex, Zoom and Skype, 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 |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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| domain | founded_year | HQ Location |
Solutions for virtual meetings and training sessions are provided.
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| domain | founded_year | HQ Location |
Zoom is recognized for providing AI-first collaboration and communication solutions.
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| domain | founded_year | HQ Location |
VoIP software for internet video chats and calls is offered.
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| domain | founded_year | HQ Location |
Cloud-based video conferencing software is provided for user connections.
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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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Frequently Asked Questions about Confrere
When was Confrere founded?
Confrere was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Confrere located?
Confrere is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Confrere?
Svein Willassen is the current CEO of Confrere. They have also founded this company.
Is Confrere a funded company?
Confrere is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Sep 09, 2018.
How many employees does Confrere have?
As of Dec 31, 2019, the latest employee count at Confrere is 9.
What is the annual revenue of Confrere?
Annual revenue of Confrere is $316.26K as on Dec 31, 2021.
What does Confrere do?
Confrere is dedicated to providing highly secure and user-friendly video call solutions tailored for professional settings. Services are designed for healthcare professionals, therapists, consultants, tutors, and sales teams. Encrypted video calls supporting up to 30 participants are offered without the need for downloads. Custom branding, API integrations, and visitor identity verification are included to ensure accessibility and trust across various industries.
Who are the top competitors of Confrere?
What products or services does Confrere offer?
Confrere offers Confrere Video Calls.
Who are Confrere's investors?
Confrere has 7 investors. Key investors include The Nordic Web, Fathom Capital, Albert Armengol, Nordic Makers, and Point Nine.
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