About effectual
effectual is a company based in Hoboken (United States) founded in 2002 by Michael J. Parks. It operates as a B2B. effectual has raised $17.5 million across 2 funding rounds from investors including Lumerity Capital. The company has 124 employees as of December 31, 2021. effectual has completed 2 acquisitions, including Five Talent and JHC Technology. effectual offers products and services including AI Services, Cloud Migration Services, and Cloud Strategy and Design. effectual operates in a competitive market with competitors including 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
- Headquarter Hoboken, United States
- Employees 124 as on 31 Dec, 2021
- Founders Michael J. Parks
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Effectual Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.5 M (USD)
in 2 rounds
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Latest Funding Round
$17.5 M (USD), Series A
Jan 06, 2020
- Investors
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Employee Count
124
as on Dec 31, 2021
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Investments & Acquisitions
Five Talent
& 1 more
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Products & Services of effectual
effectual offers a comprehensive portfolio of products and services, including AI Services, Cloud Migration Services, and Cloud Strategy and Design. 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.
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Software Development Team
14 people
Leadership Team
10 people
Sales and Marketing
6 people
Data Analysis and Operations Team
4 people
Operations Team
3 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Senior Team
2 people
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Funding Insights of effectual
effectual has successfully raised a total of $17.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $17.5 million completed in January 2020. 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 2
- Last Round Series A — $17.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series A - effectual | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - effectual | Valuation | Lumerity Capital |
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| 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 effectual
effectual has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lumerity 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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Lumerity Capital is focused on private equity investments in data infrastructure.
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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 effectual
effectual has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Five Talent and JHC Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud migration, security, DevOps, and IT governance services are provided.
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2010 | ||||
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Software development, web design, and digital marketing services are offered.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - effectual
| 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 |
Effectual Comparisons
Competitors of effectual
effectual 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 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, 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 |
Public cloud workload management tools and services are provided.
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| domain | founded_year | HQ Location |
Crayon is involved in unspecified business activities.
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| domain | founded_year | HQ Location |
AWS cloud services are provided, including consulting, deployment, and management.
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| domain | founded_year | HQ Location |
Services for the development and support of cloud-based applications
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| domain | founded_year | HQ Location |
Cloud services in PaaS, SaaS, and IaaS are provided.
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| domain | founded_year | HQ Location |
Cloud-based virtual classroom platform for enterprises
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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 Effectual
Frequently Asked Questions about effectual
When was effectual founded?
effectual was founded in 2002 and raised its 1st funding round 17 years after it was founded.
Where is effectual located?
effectual is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
Is effectual a funded company?
effectual is a funded company, having raised a total of $17.5M across 2 funding rounds to date.
How many employees does effectual have?
As of Dec 31, 2021, the latest employee count at effectual is 124.
What does effectual do?
Effectual is an AWS Premier Tier Services Partner offering cloud infrastructure, AI services, and migration solutions to modernize enterprise IT systems. Based in Jersey City, NJ, they serve sectors like financial services, retail, and public sector through proven methodologies. Their focus includes digital innovation, cost optimization, and secure data protection, helping clients accelerate growth and streamline operations.
Who are the top competitors of effectual?
effectual's top competitors include Crayon, Megazone Cloud and All Cloud.
What products or services does effectual offer?
effectual offers AI Services, Cloud Migration Services, and Cloud Strategy and Design.
How many acquisitions has effectual made?
effectual has made 2 acquisitions, including Five Talent, and JHC Technology.
Who are effectual's investors?
effectual has 1 investor. Key investors include Lumerity Capital.
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