About Essence Labs
Essence Labs is a company based in Lewes (United States) founded in 2023 by Rustam Galiev and Elina Vale.. Essence Labs has raised $600 thousand across 1 funding round from investors including Berkeley SkyDeck Fund, Davidovs Venture Collective and Growing Well Partners. Essence Labs offers products and services including Essence App. Essence Labs operates in a competitive market with competitors including Femble, Stardust, Always You, Jennis and Salad, among others.
- Headquarter Lewes, United States
- Founders Rustam Galiev, Elina Vale
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Sectors
HealthcareTechnology
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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 Essence Labs, 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
$600 K (USD)
in 1 rounds
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Latest Funding Round
$600 K (USD), Seed
Feb 08, 2024
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Investors
Berkeley SkyDeck Fund
& 3 more
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Employee Count
Employee Count
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Products & Services of Essence Labs
Essence Labs offers a comprehensive portfolio of products and services, including Essence App. 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.
App tracks menstrual cycles and aligns tasks for better well-being and performance.
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Funding Insights of Essence Labs
Essence Labs has successfully raised a total of $600K through 1 strategic funding round. The most recent funding activity was a Seed round of $600 thousand completed in February 2024. 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 — $600,000
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First Round
First Round
(08 Feb 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Essence Labs | Valuation | Berkeley SkyDeck Fund , Davidovs Venture Capital |
| 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 Essence Labs
Essence Labs has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Berkeley SkyDeck Fund, Davidovs Venture Collective and Growing Well Partners. 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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AI-focused venture capital firm supporting early-stage startups.
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Founded Year | Domain | Location | |
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Growing Well Partners is engaged in direct investments globally.
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Founded Year | Domain | Location | |
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Funding and mentorship are provided to academic startups globally.
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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 Essence Labs
| 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 - Essence Labs
| 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 |
Essence Labs Comparisons
Competitors of Essence Labs
Essence Labs 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 Femble, Stardust, Always You, Jennis and Salad, 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 |
Personalized AI-driven app for women's hormonal cycle wellbeing is provided.
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| domain | founded_year | HQ Location |
Services for film and television production are provided.
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| domain | founded_year | HQ Location |
App for tracking periods, moods, and wellness while earning charity donations through use.
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| domain | founded_year | HQ Location |
Personalized workouts for women's health are delivered via mobile app.
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| domain | founded_year | HQ Location |
A digital platform for women's cycle-synced hormonal wellness is offered.
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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 Essence Labs
Frequently Asked Questions about Essence Labs
When was Essence Labs founded?
Essence Labs was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Essence Labs located?
Essence Labs is headquartered in Lewes, United States. It is registered at Lewes, Delaware, United States.
Who is the current CEO of Essence Labs?
Elina Vale is the current CEO of Essence Labs. They have also founded this company.
Is Essence Labs a funded company?
Essence Labs is a funded company, having raised a total of $600K across 1 funding round to date. The company's 1st funding round was a Seed of $600K, raised on Feb 08, 2024.
What does Essence Labs do?
Essence Labs was founded in 2023 in Lewes, United States, within the health tech sector. A digital platform is provided as an employee benefit, integrating AI to track and optimize well-being and performance based on menstrual cycles. Services encompass health monitoring, wellness resources, relationship guidance, and career support. Operations focus on workplace integration for women and cycle-experiencing individuals across the United States.
Who are the top competitors of Essence Labs?
What products or services does Essence Labs offer?
Essence Labs offers Essence App.
Who are Essence Labs's investors?
Essence Labs has 4 investors. Key investors include Berkeley SkyDeck Fund, Davidovs Venture Collective, Growing Well Partners, and Elena Enache.