About Draftbit
Draftbit is a company based in Chicago (United States) founded in 2017. It operates as a SaaS (Software-as-a-Service), and Professional Services. Draftbit has raised $150 thousand across 1 funding round from investors including Y Combinator. Draftbit offers products and services including Draftbit App Builder. Draftbit operates in a competitive market with competitors including Odoo, Progress, Kony, OutSystems and DigitalOcean, among others.
- Headquarter Chicago, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Draftbit, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$150 K (USD)
in 1 rounds
-
Latest Funding Round
$150 K (USD), Seed
Aug 20, 2019
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Draftbit
Draftbit offers a comprehensive portfolio of products and services, including Draftbit App Builder. 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.
A platform for building mobile apps visually.
Unlock access to complete
Unlock access to complete
Funding Insights of Draftbit
Draftbit has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand 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 — $150,000
-
First Round
First Round
(20 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Seed - Draftbit | Valuation | Y Combinator |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Draftbit
Draftbit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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 |
|---|---|---|---|---|
|
Early-stage startups are accelerated via funding and educational programs.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Draftbit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Draftbit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Draftbit Comparisons
Competitors of Draftbit
Draftbit 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 Odoo, Progress, Kony, OutSystems and DigitalOcean, 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 |
Open-source business management software is developed with integrated modules.
|
|
| domain | founded_year | HQ Location |
IDE-based software is provided for application development and management.
|
|
| domain | founded_year | HQ Location |
Cloud-based platform for field operations and digital banking is provided.
|
|
| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
|
|
| domain | founded_year | HQ Location |
Cloud based integrated application development platform
|
|
| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Draftbit
When was Draftbit founded?
Draftbit was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Draftbit located?
Draftbit is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Draftbit a funded company?
Draftbit is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Aug 20, 2019.
What does Draftbit do?
Draftbit is established as a leading platform for mobile app development, enabling teams to visually design, build, and launch native mobile apps efficiently. The platform is utilized across various sectors for its no-code and low-code capabilities, offering solutions like AI assistance, expert support, and full code export. Apps are developed with seamless integrations, responsive design, and app store publishing support, catering to startups and businesses aiming for rapid deployment.
Who are the top competitors of Draftbit?
Draftbit's top competitors include DigitalOcean, Odoo and OutSystems.
What products or services does Draftbit offer?
Draftbit offers Draftbit App Builder.
Who are Draftbit's investors?
Draftbit has 1 investor. Key investors include Y Combinator.