About Friendly Apps
Friendly Apps is a company based in Miami (United States) founded in 2022 by Michael Sayman.. Friendly Apps has raised $3 million across 1 funding round from investors including BoxGroup, Weekend Fund and Shrug Capital. Friendly Apps offers products and services including Mental Health Apps. Friendly Apps operates in a competitive market with competitors including Wysa, Gaia, Insight Network, Expectful and Limbic, among others.
- Headquarter Miami, United States
- Founders Michael Sayman
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Friendly Apps, 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
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
May 26, 2022
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Investors
BoxGroup
& 7 more
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Employee Count
Employee Count
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Products & Services of Friendly Apps
Friendly Apps offers a comprehensive portfolio of products and services, including Mental Health Apps. 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.
Apps focused on ethical design to protect user mental health from retention harms.
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Funding Insights of Friendly Apps
Friendly Apps has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(26 May 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Friendly Apps | 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 Friendly Apps
Friendly Apps has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include BoxGroup, Weekend Fund and Shrug 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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Investing in early-stage tech companies and ideas.
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Founded Year | Domain | Location | |
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Micro-venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Consumer funds are targeted by this venture capital firm.
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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 Friendly Apps
| 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 - Friendly Apps
| 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 |
Friendly Apps Comparisons
Competitors of Friendly Apps
Friendly Apps 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 Wysa, Gaia, Insight Network, Expectful and Limbic, 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 |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Online streaming of yoga and meditation classes is offered.
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| domain | founded_year | HQ Location |
Guided meditations are offered via a freemium mobile app platform.
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| domain | founded_year | HQ Location |
Meditation platform and community for pregnant women provided.
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| domain | founded_year | HQ Location |
AI-powered tools for mental healthcare clinical support are provided.
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| domain | founded_year | HQ Location |
Youper is focused on AI-driven mental health support solutions.
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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 Friendly Apps
Frequently Asked Questions about Friendly Apps
When was Friendly Apps founded?
Friendly Apps was founded in 2022.
Where is Friendly Apps located?
Friendly Apps is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Friendly Apps?
Michael Sayman is the current CEO of Friendly Apps. They have also founded this company.
Is Friendly Apps a funded company?
Friendly Apps is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on May 26, 2022.
What does Friendly Apps do?
Friendly Apps was founded in 2022 and is based in Miami, United States. Mobile applications are developed by the company within the health technology sector, focusing on physical fitness goals and mental health support. A suite of apps is being created, each incorporating distinct values to assist users in managing both aspects of well-being through targeted features and tools.
Who are the top competitors of Friendly Apps?
Friendly Apps's top competitors include Wysa, Gaia and Insight Network.
What products or services does Friendly Apps offer?
Friendly Apps offers Mental Health Apps.
Who are Friendly Apps's investors?
Friendly Apps has 8 investors. Key investors include BoxGroup, Weekend Fund, Shrug Capital, Day One Ventures, and Betaworks.
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