About Deposify
Deposify is a company based in Dublin (Ireland) founded in 2013, and was acquired by Rhino in November 2022. Wholesale bakery supplying bread and baked goods to food service professionals. Deposify has raised $1.25 million across 1 funding round from investors including Bank of Ireland, Say Rhino and Enterprise Ireland. Deposify offers products and services including Web Application and Digital Services. Its legal entity is Deposify, Inc.
Company details
Founded in 2013 in Dublin, Ireland, Deposify operates as a wholesale bakery in the food service sector. A range of products, including sandwich bread, specialty bread, buns, and gluten-free options, is supplied exclusively to professional kitchens. Items are frozen immediately after baking to preserve freshness, with emphasis placed on food safety and accommodations for dietary needs such as nut-free, sesame-free, and gluten-free varieties. Retail sales are not offered.
- Headquarters Dublin, Ireland
- Stage Acquired
- Website us.deposify.com
- Social LinkedIn X
- Acquired by Rhino (Nov 2022)
- Legal Name Deposify, Inc
- Total Equity Funding$1.25M (USD)
in 1 rounds
- Latest Funding Round$1.25M (USD), Seed
Mar 2016
- InvestorsBank of Ireland
& 3 more
- Acquired by
Products & Services of Deposify
Deposify offers a comprehensive portfolio of products and services, including Web Application and Digital Services.
A platform is provided for running the app, which relies on JavaScript for its operations and user interactions
Tools are offered for managing app features, including those related to deposits and transactions
Funding Insights of Deposify
Deposify has successfully raised a total of $1.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.25 million completed in March 2016. 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 $1.25M
- Total Rounds 1
- Last Round Seed — $1.25M
- First Round $1.25M
(Mar 2016)
- Investors Count 3
All 1 funding rounds of Deposify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $1.25M | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Deposify
Deposify has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Bank of Ireland, Say Rhino and Enterprise Ireland.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Retail and message-based software solutions are provided for digital services. | 1989 | eschergroup.com | Boston, United States | |
Support is provided to Irish manufacturing and service sector businesses. | 1998 | enterprise-ireland.com | Dublin, Ireland | |
Commercial banking services are provided across Ireland and internationally. | 1783 | bankofireland.com | Dublin, Ireland | |
Security deposit insurance is offered via SaaS platform for renters. | 2016 | sayrhino.com | New York, United States |
Investor details for Deposify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Deposify
1 people are tracked at Deposify (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jon Bayle | Founder & CEO | Leadership |
Complete people profiles for Deposify
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Deposify
3 dated milestones of Deposify across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Deposify is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Rhino.
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Frequently Asked Questions about Deposify
Deposify was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Deposify is headquartered in Dublin, Ireland.
Deposify is a funded company, having raised a total of $1.25M across 1 funding round to date. The company's 1st funding round was a Seed of $1.25M, raised on Mar 2016.
Founded in 2013 in Dublin, Ireland, Deposify operates as a wholesale bakery in the food service sector. A range of products, including sandwich bread, specialty bread, buns, and gluten-free options, is supplied exclusively to professional kitchens. Items are frozen immediately after baking to preserve freshness, with emphasis placed on food safety and accommodations for dietary needs such as nut-free, sesame-free, and gluten-free varieties. Retail sales are not offered.
Deposify offers Web Application and Digital Services.
Deposify has 4 investors. Key investors include Bank of Ireland, Say Rhino, Enterprise Ireland, and Escher Group.
Deposify operates through Deposify, Inc.
Yes. Deposify was acquired by Rhino in November 2022.