About ESSENCE
ESSENCE is a company based in Brooklyn (United States) founded in 1968 by Richelieu Dennis was acquired by Esense Ventures in December 2017.. ESSENCE has completed 2 acquisitions, including BeautyCon and Latina Media Ventures.
- Headquarter Brooklyn, United States
- Founders Richelieu Dennis
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
BeautyCon
& 1 more
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Acquired by
Esense Ventures
(Dec 01, 2017)
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Funding Insights of ESSENCE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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
ESSENCE has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Esense 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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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
ESSENCE has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BeautyCon and Latina Media Ventures. 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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Multi-category beauty products are discovered via an online community platform.
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2014 | ||||
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Magazine on lifestyle, entertainment, beauty, and fashion
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1996 |
| 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 - ESSENCE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Comparisons
Competitors of ESSENCE
| 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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Frequently Asked Questions about ESSENCE
When was ESSENCE founded?
ESSENCE was founded in 1968.
Where is ESSENCE located?
ESSENCE is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
What does ESSENCE do?
ESSENCE was founded in 1968 and operates from Brooklyn, United States, in the digital media sector. Online content is delivered through articles, videos, and various media formats, addressing beauty, fashion, relationships, health, and entertainment. Experiences and interests of Black women are emphasized, with inclusion of diverse community voices. Celebrity news and cultural events are also covered, establishing the platform as a targeted information resource.
How many acquisitions has ESSENCE made?
ESSENCE has made 2 acquisitions, including BeautyCon, and Latina Media Ventures.
Who are ESSENCE's investors?
ESSENCE has 1 investor. Key investors include Esense Ventures.