About Elite Daily
Elite Daily is a company based in New York (United States) founded in 2011 was acquired by Bustle in April 2017.. Elite Daily has raised $1.5 million across 1 funding round from investors including Bustle, Greycroft and Vast Ventures. The company has 524 employees as of December 31, 2021. Elite Daily operates in a competitive market with competitors including BuzzFeed, Vix, Digg, Mashable and Ranker, among others.
- Headquarter New York, United States
- Employees 524 as on 31 Dec, 2021
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bdg Media, Inc.
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Funding Insights of Elite Daily
Elite Daily 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 June 2014. 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
(13 Jun 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2014 | Amount | Seed - Elite Daily | Valuation |
investors |
| 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 Elite Daily
Elite Daily has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Bustle, Greycroft and Vast Ventures. 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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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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US focused venture capital firm
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Founded Year | Domain | Location | |
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Venture capital investment firm based out of USA
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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 Elite Daily
| 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 - Elite Daily
| 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 |
Elite Daily Comparisons
Competitors of Elite Daily
Elite Daily 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 BuzzFeed, Vix, Digg, Mashable and Ranker, 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 |
Viral news and multimedia content are delivered online.
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| domain | founded_year | HQ Location |
Social news content is delivered in English, Spanish, and Portuguese.
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| domain | founded_year | HQ Location |
A human-first community platform for connection and discovery is offered.
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| domain | founded_year | HQ Location |
Digital culture, social media, and technology news are delivered online.
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| domain | founded_year | HQ Location |
Provides crowdourced rankings of various things
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| domain | founded_year | HQ Location |
Multi-category news is provided through an online platform.
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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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Latest news on Elite Daily
Frequently Asked Questions about Elite Daily
When was Elite Daily founded?
Elite Daily was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Elite Daily located?
Elite Daily is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Elite Daily a funded company?
Elite Daily 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 Jun 13, 2014.
How many employees does Elite Daily have?
As of Dec 31, 2021, the latest employee count at Elite Daily is 524.
What does Elite Daily do?
Elite Daily was founded in 2011 in New York, United States, as an online media publication. Content preferred by the millennial generation is emphasized, including investigative reporting. A socially driven platform is operated, where topics and people can be followed, comments and upvotes are enabled, and articles are submitted by users for potential publication. Over 70 million users are reached monthly through its domain, elitedaily.com.
Who are the top competitors of Elite Daily?
Who are Elite Daily's investors?
Elite Daily has 5 investors. Key investors include Bustle, Greycroft, Vast Ventures, Red Sea Ventures, and Social Starts.
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