About Fama
Fama is a company based in Los Angeles (United States) founded in 2015.. Fama has raised $14.2 million across 3 funding rounds from investors including Crosscut Ventures, Wavemaker Partners and Silverton Partners. Fama has completed 1 acquisition, including Social Intel. Fama offers products and services including Fama Screening, Product Plus 360, and Fama's AI Academy. Fama operates in a competitive market with competitors including IDfy, Checkr, Certn, KarmaCheck and Truework, among others.
- Headquarter Los Angeles, United States
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Sectors
Technology
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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 Fama
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Annual Revenue
$360.29 K (USD)22as on Dec 31, 2022
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Net Profit
$29.9 K (USD)305as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$14.2 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
Feb 22, 2022
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Investors
Crosscut Ventures
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fama
Fama offers a comprehensive portfolio of products and services, including Fama Screening, Product Plus 360, and Fama's AI Academy. 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.
AI tool for analyzing candidates' online presence and risks
Suite for full candidate assessment and integration
Platform for AI training in hiring and screening processes
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Funding Insights of Fama
Fama has successfully raised a total of $14.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in February 2022. 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 3
- Last Round Series B — $10.0M
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First Round
First Round
(31 Dec 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Fama | Valuation | Silverton Partners | |
| May, 2017 | Amount | Series A - Fama | Valuation |
investors |
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| Dec, 2015 | Amount | Seed - Fama | Valuation | Social Starts , Wavemaker Partners |
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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 Fama
Fama has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Crosscut Ventures, Wavemaker Partners and Silverton 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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Tech companies are funded through venture capital by Silverton Partners.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Venture capital services are provided by Navigate Ventures.
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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 Fama
Fama has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Social Intel. 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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Predictive scoring algorithms are supplied for insurance risk evaluation.
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2010 |
| 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 - Fama
| 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 |
Fama Comparisons
Competitors of Fama
Fama 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 IDfy, Checkr, Certn, KarmaCheck and Truework, 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 |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
AI platform for employee background verification is utilized.
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| domain | founded_year | HQ Location |
AI-enabled platform for background verification and profiling is provided.
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| domain | founded_year | HQ Location |
Cloud-based background checks for employee screening are facilitated.
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| domain | founded_year | HQ Location |
Background verification for candidates' employment and income is automated.
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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 Fama
Frequently Asked Questions about Fama
When was Fama founded?
Fama was founded in 2015.
Where is Fama located?
Fama is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Fama a funded company?
Fama is a funded company, having raised a total of $14.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Dec 31, 2015.
What is the annual revenue of Fama?
Annual revenue of Fama is $360.29K as on Dec 31, 2022.
What does Fama do?
Founded in 2015 in Los Angeles, United States, Fama operates as a cloud-based SaaS platform in the background screening sector. Candidates online activities are analyzed through artificial intelligence, machine learning, and human quality assurance to identify risks such as bigotry, illegal drug references, discriminatory behavior, or custom enterprise concerns. A partnership with FirstAdvantage, a global screening firm, was announced in September 2016 to enhance service integration.
What products or services does Fama offer?
Fama offers Fama Screening, Product Plus 360, and Fama's AI Academy.
How many acquisitions has Fama made?
Fama has made 1 acquisition, including Social Intel.
Who are Fama's investors?
Fama has 9 investors. Key investors include Crosscut Ventures, Wavemaker Partners, Silverton Partners, Navigate Ventures, and Bullpen Capital.
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