About Favor
Favor is a company based in Austin (United States) founded in 2013 was acquired by H‑E‑B in February 2018.. Favor has raised $50.1 million across 6 funding rounds from investors including S3 Ventures, Silverton Partners and Austin Technology Incubator. Favor operates in a competitive market with competitors including DoorDash, Grubhub, Postmates, Wonder and Just Eat Takeaway, among others.
- Headquarter Austin, United States
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Neighborfavor 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
$50.1 M (USD)
in 6 rounds
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Latest Funding Round
$22 M (USD), Series B
Sep 07, 2017
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Investors
S3 Ventures
& 3 more
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Employee Count
Employee Count
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Acquired by
H‑E‑B
(Feb 15, 2018)
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Funding Insights of Favor
Favor has successfully raised a total of $50.1M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in September 2017. 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 6
- Last Round Series B — $22.0M
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First Round
First Round
(12 Feb 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - Favor | Valuation | S3 Ventures |
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| Mar, 2015 | Amount | Series A - Favor | Valuation | Silverton Partners , S3 Ventures |
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| Mar, 2015 | Amount | Series A - Favor | 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 Favor
Favor has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include S3 Ventures, Silverton Partners and Austin Technology Incubator. 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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Venture capital investments are provided to Texas-based startups.
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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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Deep tech commercialization is facilitated by Austin Technology Incubator.
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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 Favor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Favor
| 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 |
Favor Comparisons
Competitors of Favor
Favor 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 DoorDash, Grubhub, Postmates, Wonder and Just Eat Takeaway, 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 |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online platform offering food ordering and delivery services
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| domain | founded_year | HQ Location |
Online platform providing on-demand hyperlocal delivery services
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| domain | founded_year | HQ Location |
Food ordering and delivery are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Food delivery services are provided via an online platform.
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| domain | founded_year | HQ Location |
Food delivery is facilitated via online and mobile platforms.
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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 Favor
Frequently Asked Questions about Favor
When was Favor founded?
Favor was founded in 2013.
Where is Favor located?
Favor is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Favor a funded company?
Favor is a funded company, having raised a total of $50.1M across 6 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Feb 12, 2013.
What does Favor do?
Favor was founded in 2013 in Austin, United States, within the food delivery sector. An online platform is operated to connect customers with nearby restaurants and food outlets for ordering meals. Delivery services are provided through a mobile application available on Android and iOS devices. Operations focus on facilitating quick access to local dining options in urban areas.
Who are Favor's investors?
Favor has 4 investors. Key investors include S3 Ventures, Silverton Partners, Austin Technology Incubator, and H‑E‑B.