About FreeMonee
FreeMonee is a company based in San Mateo (United States) founded in 2009 by Gadi Maier and Joe Salesky. It operates as a B2C. FreeMonee has raised $45 million across 2 funding rounds from investors including Pinnacle Ventures, Redpoint Ventures and Sutter Hill Ventures. FreeMonee operates in a competitive market with competitors including Cardlytics, Earnix, OVO, FlipGive and Ondot Systems, among others.
- Headquarter San Mateo, United States
- Founders Gadi Maier, Joe Salesky
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Sectors
Consumer
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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
$45 M (USD)
in 2 rounds
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Latest Funding Round
$34 M (USD), Series B
Aug 07, 2012
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Investors
Pinnacle Ventures
& 4 more
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Employee Count
Employee Count
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Funding Insights of FreeMonee
FreeMonee has successfully raised a total of $45M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $34 million completed in August 2012. 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 B — $34.0M
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First Round
First Round
(12 May 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series B - FreeMonee | Valuation |
investors |
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| May, 2011 | Amount | Series A - FreeMonee | 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 FreeMonee
FreeMonee has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Pinnacle Ventures, Redpoint Ventures and Sutter Hill 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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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage funding is offered by Opus Capital for technology companies.
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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 FreeMonee
| 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 - FreeMonee
| 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 |
Freemonee Comparisons
Competitors of FreeMonee
FreeMonee 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 Cardlytics, Earnix, OVO, FlipGive and Ondot Systems, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Card-linked marketing solutions are provided to banks and financial institutions.
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| domain | founded_year | HQ Location |
AI based marketing analytics and data monitoring solutions for insurers and banks
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OVO is recognized as a smart digital payment application.
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| domain | founded_year | HQ Location |
Funds are raised through charitable e-commerce and cashback shopping rewards.
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| domain | founded_year | HQ Location |
Card-linked marketing solutions are offered to banks and financial institutions.
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| domain | founded_year | HQ Location |
Coalition loyalty software is provided for financial institutions by Larky.
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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 Freemonee
Frequently Asked Questions about FreeMonee
When was FreeMonee founded?
FreeMonee was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is FreeMonee located?
FreeMonee is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of FreeMonee?
Gadi Maier is the current CEO of FreeMonee. They have also founded this company.
Is FreeMonee a funded company?
FreeMonee is a funded company, having raised a total of $45M across 2 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on May 12, 2011.
What does FreeMonee do?
FreeMonee, based in San Mateo, focuses on fintech, consumer services, gifting, and gift networks. Platform offering a consumer gift network for users. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of FreeMonee?
FreeMonee's top competitors include Cardlytics, OVO and FMG Suite.
Who are FreeMonee's investors?
FreeMonee has 5 investors. Key investors include Pinnacle Ventures, Redpoint Ventures, Sutter Hill Ventures, Opus Capital, and Contrarian Group.