About Fruitful
Fruitful is a company based in New York (United States) founded in 2019 by Thomas Lemmo. It operates as a Subscription Services, and FinTech. Fruitful has raised $33 million across 2 funding rounds from investors including Emigrant, 8VC and Lux Capital. Fruitful offers products and services including Fruitful Membership, Fruitful Cash Account, Fruitful Card, and Investment Portfolios. Fruitful operates in a competitive market with competitors including The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, among others.
- Headquarter New York, United States
- Founders Thomas Lemmo
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Fruitful, 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
$33 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series A
Jun 08, 2022
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Investors
Emigrant
& 3 more
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Employee Count
Employee Count
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Products & Services of Fruitful
Fruitful offers a comprehensive portfolio of products and services, including Fruitful Membership, Fruitful Cash Account, Fruitful Card, and Investment Portfolios. 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.
A membership for tailored financial advice and systems.
Savings account with high yield for all cash.
Secured card offering cash back on spending.
Tailored investment portfolios with no management fees.
Funding Insights of Fruitful
Fruitful has successfully raised a total of $33M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in June 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 2
- Last Round Series A — $25.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Fruitful | Valuation | 8VC | |
| Jun, 2021 | Amount | Seed - Fruitful | Valuation | Emigrant |
| 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 Fruitful
Fruitful has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Emigrant, 8VC and Lux 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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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense 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 Fruitful
| 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 - Fruitful
| 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 |
Fruitful Comparisons
Competitors of Fruitful
Fruitful 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 The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, 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-enabled financial planning and advisory solutions are provided for individuals.
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| domain | founded_year | HQ Location |
Retirement, health, and college savings services are administered nationwide.
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| domain | founded_year | HQ Location |
App-based financial planning and management platform for individuals
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| domain | founded_year | HQ Location |
Financial advisory and wealth management are provided to healthcare professionals.
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| domain | founded_year | HQ Location |
Personal finance management and investment advise
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| domain | founded_year | HQ Location |
An app-based platform is provided for individual wealth management.
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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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Frequently Asked Questions about Fruitful
When was Fruitful founded?
Fruitful was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Fruitful located?
Fruitful is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Fruitful?
Sam Lewis is the current CEO of Fruitful.
Is Fruitful a funded company?
Fruitful is a funded company, having raised a total of $33M across 2 funding rounds to date. The company's 1st funding round was a Seed of $8M, raised on Jun 01, 2021.
What does Fruitful do?
Fruitful is engaged in offering a financial wellness membership that includes personalized 1-on-1 advice from certified financial planners, automated money management systems, high-yield savings accounts, responsible spending cards, and tailored investment portfolios. Services are provided in the personal finance sector, targeting individuals seeking to organize and optimize their finances. Solutions are designed to reduce financial stress, support goal achievement, and automate monthly financial decisions with clarity and transparency.
Who are the top competitors of Fruitful?
Fruitful's top competitors include The Tifin Group, Ascensus and Farther.
What products or services does Fruitful offer?
Fruitful offers Fruitful Membership, Fruitful Cash Account, Fruitful Card, and Investment Portfolios.
Who are Fruitful's investors?
Fruitful has 4 investors. Key investors include Emigrant, 8VC, Lux Capital, and Founders Fund.