About Corite
Corite is a company based in Stockholm (Sweden) founded in 2018 by Mattias Tengblad and Emil Angervall.. Corite has raised $681.73 thousand across 3 funding rounds from investors including unknown, Tagehus and Danny Saucedo. Corite offers products and services including Corite Platform and Fan Campaigns. Corite operates in a competitive market with competitors including Signe and Emues, among others.
- Headquarter Stockholm, Sweden
- Founders Mattias Tengblad, Emil Angervall
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Sectors
Financial ServicesMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Corite Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$681.73 K (USD)
in 3 rounds
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Latest Funding Round
$7.87 M (USD), Token Sale
Sep 28, 2022
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Investors
unknown
& 2 more
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Employee Count
Employee Count
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Products & Services of Corite
Corite offers a comprehensive portfolio of products and services, including Corite Platform and Fan Campaigns. 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.
Web and app service for artists to fund and distribute music with fans.
Tool for creating investment opportunities in music projects.
Funding Insights of Corite
Corite has successfully raised a total of $681.73K across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $7.87 million completed in September 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 3
- Last Round Token Sale — $7.9M
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First Round
First Round
(11 Jun 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Token Sale - Corite | Valuation |
investors |
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| May, 2021 | Amount | Seed - Corite | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Corite | Valuation | Tagehus |
| 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 Corite
Corite has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include unknown, Tagehus and Danny Saucedo. 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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Tagehus is engaged in property ownership and development.
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Founded Year | Domain | Location | |
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DS
Danny Saucedo |
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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 Corite
| 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 - Corite
| 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 |
Corite Comparisons
Competitors of Corite
Corite 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 Signe and Emues, 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 |
Rewards-based crowdfunding is enabled for concert organization via all-or-nothing model.
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| domain | founded_year | HQ Location |
Crowd-supported live music events are enabled through an online platform.
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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 Corite
Frequently Asked Questions about Corite
When was Corite founded?
Corite was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Corite located?
Corite is headquartered in Stockholm, Sweden.
Who is the current CEO of Corite?
Mattias Tengblad is the current CEO of Corite. They have also founded this company.
Is Corite a funded company?
Corite is a funded company, having raised a total of $681.73K across 3 funding rounds to date. The company's 1st funding round was a Seed of $681.73K, raised on Jun 11, 2020.
What does Corite do?
Corite was founded in 2018 in Stockholm, Sweden, as an online platform in the music technology sector. Songs are created and launched by artists through targeted campaigns. Investments from fans are accepted to support promotions, with shares of future royalties distributed as returns. Streaming services are provided, and an iOS app is offered for user access.
What products or services does Corite offer?
Corite offers Corite Platform and Fan Campaigns.
Who are Corite's investors?
Corite has 3 investors. Key investors include unknown, Tagehus, and Danny Saucedo.