About FloorFound
FloorFound is a company based in Austin (United States) founded in 2020 by Chris Richter.. FloorFound has raised $15.15 million across 2 funding rounds from investors including Next Coast Ventures, Flybridge Capital Partners and Schematic Ventures. FloorFound offers products and services including RecoverAI Platform. FloorFound operates in a competitive market with competitors including Optoro, Zigzag Global, Freeing Returns, Returnmates and Rush ReCommerce, among others.
- Headquarter Austin, United States
- Founders Chris Richter
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Sectors
Transportation, Automotive & LogisticsRetail
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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 Floorfound, 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
$15.15 M (USD)
in 2 rounds
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Latest Funding Round
$10.5 M (USD), Series A
May 19, 2022
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Investors
Next Coast Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of FloorFound
FloorFound offers a comprehensive portfolio of products and services, including RecoverAI Platform. 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 optimizing revenue from oversized returns via resale.
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Advisor Team
2 people
Software Development Team
2 people
Leadership Team
1 people
Operations Team
1 people
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Funding Insights of FloorFound
FloorFound has successfully raised a total of $15.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.5 million completed in May 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 2
- Last Round Series A — $10.5M
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First Round
First Round
(19 Feb 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Series A - FloorFound | Valuation | Next Coast Ventures , Live Oak Ventures | |
| Feb, 2021 | Amount | Series A - FloorFound | Valuation | Live Oak Ventures |
| 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 FloorFound
FloorFound has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Next Coast Ventures, Flybridge Capital Partners and Schematic 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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Early-stage technology companies are invested in via thematic research.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by Flybridge Capital Partners.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in industrial technology are made.
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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 FloorFound
| 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 - FloorFound
| 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 |
Floorfound Comparisons
Competitors of FloorFound
FloorFound 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 Optoro, Zigzag Global, Freeing Returns, Returnmates and Rush ReCommerce, 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 |
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| domain | founded_year | HQ Location |
Returned inventory is managed for e-commerce retailers via software solutions.
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| domain | founded_year | HQ Location |
International returns are managed for brands and retailers worldwide.
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| domain | founded_year | HQ Location |
App-based solutions for managing retailer returns are offered.
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| domain | founded_year | HQ Location |
Web-based solutions for returns and reselling management are provided.
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| domain | founded_year | HQ Location |
Provider of software solutions for managing returning and reselling home products
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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 Floorfound
Frequently Asked Questions about FloorFound
When was FloorFound founded?
FloorFound was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is FloorFound located?
FloorFound is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of FloorFound?
Chris Richter is the current CEO of FloorFound. They have also founded this company.
Is FloorFound a funded company?
FloorFound is a funded company, having raised a total of $15.15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.65M, raised on Feb 19, 2021.
What does FloorFound do?
FloorFound is a provider of oversized eCommerce returns management solutions for businesses. It provides an end-to-end solution to manage the oversized e-commerce re-sale process from the point of return to reselling the products directly to the customers. The company provides a self-contained supply chain, managing all the behind-the-scenes operations like management, collection, and financials.
Who are the top competitors of FloorFound?
FloorFound's top competitors include Optoro, Zigzag Global and Freeing Returns.
What products or services does FloorFound offer?
FloorFound offers RecoverAI Platform.
Who are FloorFound's investors?
FloorFound has 7 investors. Key investors include Next Coast Ventures, Flybridge Capital Partners, Schematic Ventures, Data Point Capital, and Live Oak Ventures.