Flyy

New York, United States Founded: 2019 • Age: 7 yrs Acquired By Dropp Group
Horizontal metaverse platform is developed for virtual world socialization.
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About Flyy

Flyy is a company based in New York (United States) founded in 2019 was acquired by Dropp Group in September 2022. It operates as a Two-Sided Marketplace. Flyy offers products and services including Flyy App. Flyy operates in a competitive market with competitors including IMVU, ZEPETO, Meta, VRChat and Sulake, among others.

  • Headquarter New York, United States
  • Sectors
    Media & Entertainment
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Phly, Llc
Operational Areas
Media & Entertainment → Creator Economy & Social Platforms
Technology → Extended, Virtual & Augmented Reality
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Dropp Group

    (Sep 08, 2022)

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Products & Services of Flyy

Flyy offers a comprehensive portfolio of products and services, including Flyy 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.

Primary

An app for discovering local experiences and communities.

People of Flyy
Headcount 1-10
Employee Profiles 4
Employee Profiles
People
Maged Farid
Senior Unity Developer
People
Adel Massarani
Founder
People
Abdelrahman Ghobara
User Experience Designer

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Funding Insights of Flyy

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Flyy

Flyy has secured backing from 1 investor. Prominent investors backing the company include SV88. 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.

All
Investor Description Founded Year Domain Location
SV88 is recognized as a leading online betting platform.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Flyy

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Flyy

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Flyy Comparisons

Employees
+
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Competitors of Flyy

Flyy 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 IMVU, ZEPETO, Meta, VRChat and Sulake, 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 an online 3D avatar-based social network
domain founded_year HQ Location
Metaverse social platform offering 3D character creation
domain founded_year HQ Location
Metaverse platforms and VR devices are developed for immersive interactions.
domain founded_year HQ Location
Provider of a VR-based social platform
domain founded_year HQ Location
Metaverse social networking and online games are developed by Sulake.
domain founded_year HQ Location
Interest-based social platform for metaverse user connections is provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Flyy

Frequently Asked Questions about Flyy

When was Flyy founded?

Flyy was founded in 2019.

Where is Flyy located?

Flyy is headquartered in New York, United States. It is registered at New York, New York, United States.

What does Flyy do?

Flyy is designed as a real-world social metaverse platform where users are connected with vibrant local communities and experiences. A dynamic layer is added to maps, enabling the discovery of people, events, and hidden gems in nearby areas. Sectors such as sports, arts, nightlife, and travel are covered, fostering real connections among like-minded individuals. Solutions are provided to transform digital interactions into meaningful real-world engagements.

Who are the top competitors of Flyy?

Flyy's top competitors include ZEPETO, IMVU and Decentraland.

What products or services does Flyy offer?

Flyy offers Flyy App.

Who are Flyy's investors?

Flyy has 1 investor. Key investors include SV88.

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