About FreeD Group
FreeD Group is a company based in Hong Kong (China) founded in 2015 by Kenneth Lee, Wenbin WANG, and Abel Zhao.. FreeD Group has raised $15 million across 2 funding rounds from investors including Daiwa Securities Group, Musketeer Capital and Linear Capital. FreeD Group has completed 1 acquisition, including Connexus Travel. FreeD Group offers products and services including Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution. FreeD Group operates in a competitive market with competitors including Klaviyo, Elastic Path Software, Global-e, CommerceIQ and Bango, among others.
- Headquarter Hong Kong, China
- Founders Kenneth Lee, Wenbin WANG, Abel Zhao
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Sectors
Business ServicesTechnology Retail
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Email
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Phone
*********
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Website
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Social
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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 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Daiwa Securities Group
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of FreeD Group
FreeD Group offers a comprehensive portfolio of products and services, including Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution. 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.
Enables creation of e-commerce marketplaces for global sellers
Automates customer support via rich chat services
Modernizes corporate travel and employee wellness programs
Optimizes SEO and paid campaigns for traffic generation
Facilitates direct online ordering and delivery with analytics
Funding Insights of FreeD Group
FreeD Group has successfully raised a total of $15M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(28 Jun 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - FreeD Group | Valuation | Linear Venture | |
| Jun, 2022 | Amount | Series B - FreeD Group | Valuation | Daiwa Securities Group , ACA Investments |
| 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 FreeD Group
FreeD Group has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Daiwa Securities Group, Musketeer Capital and Linear Capital. 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 directed toward early, mid, and later-stage companies.
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Founded Year | Domain | Location | |
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Linear Capital is recognized as a frontier tech investment fund.
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Founded Year | Domain | Location | |
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A corporation focused on fostering innovation and technology ecosystems.
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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 FreeD Group
FreeD Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Connexus Travel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of travel program, hotel reservation, air ticket booking, and car rental services
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1948 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FreeD Group
| 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 |
Freed Group Comparisons
Competitors of FreeD Group
FreeD Group 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 Klaviyo, Elastic Path Software, Global-e, CommerceIQ and Bango, 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 |
SaaS email marketing solutions are offered to e-commerce businesses.
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| domain | founded_year | HQ Location |
API-based enterprise commerce and content management platform is delivered.
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| domain | founded_year | HQ Location |
Software solutions for cross-border e-commerce industries are provided.
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| domain | founded_year | HQ Location |
AI platform for retail ecommerce management and optimization is provided.
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| domain | founded_year | HQ Location |
Marketing solutions for e-commerce businesses are provided by Bango.
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| domain | founded_year | HQ Location |
Cloud-based marketing platform for e-tailers
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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 Freed Group
Frequently Asked Questions about FreeD Group
When was FreeD Group founded?
FreeD Group was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is FreeD Group located?
FreeD Group is headquartered in Hong Kong, China.
Is FreeD Group a funded company?
FreeD Group is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jun 28, 2022.
What does FreeD Group do?
FreeD Group was founded in 2015 in Hong Kong, China, within the technology sector. Digital transformation and commerce enablement services are delivered to enterprises through a comprehensive suite of tools. Customers and employees are engaged, retained, and monetized using these solutions. Artificial intelligence, big data, and machine learning are utilized to support operations, with focus on engagement strategies and revenue expansion.
Who are the top competitors of FreeD Group?
FreeD Group's top competitors include Klaviyo, CommerceIQ and Yotpo.
What products or services does FreeD Group offer?
FreeD Group offers Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution.
How many acquisitions has FreeD Group made?
FreeD Group has made 1 acquisition, including Connexus Travel.
Who are FreeD Group's investors?
FreeD Group has 8 investors. Key investors include Daiwa Securities Group, Musketeer Capital, Linear Capital, Chinachem Group, and Hong Kong Science & Technology Parks Corporation.
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