About Fams
Fams is a company based in Wilmington (United States) founded in 2022.. Fams has raised $400 thousand across 1 funding round from investors including SMOK Ventures, Dmitry Smirnov and Ilya Lesun. Fams offers products and services including Fams App. Fams operates in a competitive market with competitors including Baby Billy, Family Wall, Kinzoo, Haoyunbang and Babelli, among others.
- Headquarter Wilmington, United States
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Sectors
TelecommunicationsHealthcare
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Phone
*********
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Website
*********
- Legal Name 7Me App 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
$400 K (USD)
in 1 rounds
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Latest Funding Round
$400 K (USD), Seed
Feb 23, 2024
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Investors
SMOK Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Fams
Fams offers a comprehensive portfolio of products and services, including Fams 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.
Mobile app for connecting families and enhancing potential interactions.
Funding Insights of Fams
Fams has successfully raised a total of $400K through 1 strategic funding round. The most recent funding activity was a Seed round of $400 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 — $400,000
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First Round
First Round
(23 Feb 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Fams | Valuation | SMOK Ventures |
| 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 Fams
Fams has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include SMOK Ventures, Dmitry Smirnov and Ilya Lesun. 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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A venture capital fund is operated to support early-stage startups in Central and Eastern Europe.
|
Founded Year | Domain | Location | |
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DS
Dmitry Smirnov |
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Founded Year | Domain | Location |
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IL
Ilya Lesun |
Angel investor and advisor, focused on Indian startups and technology.
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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 Fams
| 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 - Fams
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fams Comparisons
Competitors of Fams
Fams 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 Baby Billy, Family Wall, Kinzoo, Haoyunbang and Babelli, 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 |
Provider of a pregnancy and parenting app
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| domain | founded_year | HQ Location |
Family communication and organization are facilitated via a SaaS app.
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| domain | founded_year | HQ Location |
Provides secure messaging, video calls, and creative tools for children and families.
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| domain | founded_year | HQ Location |
A pregnancy tracking and management application is provided for users.
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| domain | founded_year | HQ Location |
Provides online advice, tools, and checklists for pregnancy and child development.
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| domain | founded_year | HQ Location |
Operates an online portal providing comprehensive information on pregnancy and related topics.
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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 Fams
Frequently Asked Questions about Fams
When was Fams founded?
Fams was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Fams located?
Fams is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is Fams a funded company?
Fams is a funded company, having raised a total of $400K across 1 funding round to date. The company's 1st funding round was a Seed of $400K, raised on Feb 23, 2024.
What does Fams do?
Mobile app for enhancing family communication and bonding. The app focuses on fostering strong family relationships through interactive features and tools.
Who are the top competitors of Fams?
Fams's top competitors include Family Wall, Baby Billy and Haoyunbang.
What products or services does Fams offer?
Fams offers Fams App.
Who are Fams's investors?
Fams has 3 investors. Key investors include SMOK Ventures, Dmitry Smirnov, and Ilya Lesun.