About Fondue
Fondue is a company based in New York (United States) founded in 2021 by Abraham Lucey and Oren Charnoff was acquired by Postscript in July 2023.. Fondue has raised $10.5 million across 1 funding round from investors including Postscript, Quiet Capital and Hanaco Ventures. Fondue offers products and services including CashBack. Fondue operates in a competitive market with competitors including ShoppingGives, Upside Saving, Hakamae, Convertere and Bnfts, among others.
- Headquarter New York, United States
- Founders Abraham Lucey, Oren Charnoff
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fondue Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.5 M (USD)
in 1 rounds
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Latest Funding Round
$10.5 M (USD), Seed
Sep 19, 2022
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Investors
Postscript
& 11 more
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Employee Count
Employee Count
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Acquired by
Postscript
(Jul 11, 2023)
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Products & Services of Fondue
Fondue offers a comprehensive portfolio of products and services, including CashBack. 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.
Replaces traditional coupons with post-purchase incentives for ecommerce growth.
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Software Development Team
3 people
Co Team
1 people
Head Team
1 people
Product Management Team
1 people
Go Team
1 people
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Funding Insights of Fondue
Fondue has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.5 million completed in September 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 1
- Last Round Seed — $10.5M
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First Round
First Round
(19 Sep 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Fondue | Valuation | Quiet Capital , Hanaco 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 Fondue
Fondue has secured backing from 12 investors, including venture fund investors. Prominent investors backing the company include Postscript, Quiet Capital and Hanaco 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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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location | |
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Startups are funded through venture capital by Hanaco Ventures.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across multiple sectors.
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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 Fondue
| 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 - Fondue
| 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 |
Fondue Comparisons
Competitors of Fondue
Fondue 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 ShoppingGives, Upside Saving, Hakamae, Convertere and Bnfts, 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 cashback management solutions for businesses
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| domain | founded_year | HQ Location |
App-based cashback and reward management solutions
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| domain | founded_year | HQ Location |
Cashback management solutions are provided to companies through specialized websites.
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| domain | founded_year | HQ Location |
Offers an app for efficient cashback management and tracking.
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| domain | founded_year | HQ Location |
Delivers a comprehensive app for effective cashback management solutions.
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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 Fondue
Frequently Asked Questions about Fondue
When was Fondue founded?
Fondue was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Fondue located?
Fondue is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Fondue?
Oren Charnoff is the current CEO of Fondue. They have also founded this company.
Is Fondue a funded company?
Fondue is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Seed of $10.5M, raised on Sep 19, 2022.
What does Fondue do?
Fondue was founded in 2021 and is headquartered in New York, United States. SaaS-based solutions for cashback management are offered by the company to online businesses, with integration focused on Shopify stores. Features including ads management, on-site popups, and referral-based rewards are supported through the platform. Operations center on enabling cashback incentives and related e-commerce tools within the software-as-a-service sector.
Who are the top competitors of Fondue?
Fondue's top competitors include ShoppingGives, Upside Saving and Hakamae.
What products or services does Fondue offer?
Fondue offers CashBack.
Who are Fondue's investors?
Fondue has 12 investors. Key investors include Postscript, Quiet Capital, Hanaco Ventures, Headline, and Ground Up Ventures.
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