About GoMore
GoMore is a company based in Copenhagen (Denmark) founded in 2005 by Soren Riis.. GoMore has raised $16.98 million across 7 funding rounds from investors including European Union, Polar Light Capital and SEED Capital. The company has 71 employees as of November 30, 2024. GoMore has completed 1 acquisition, including Amovens. GoMore operates in a competitive market with competitors including NaboGO, MinBil and Rentecarlo, among others.
- Headquarter Copenhagen, Denmark
- Employees 71 as on 30 Nov, 2024
- Founders Soren Riis
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gomore Aps
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Annual Revenue
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Net Profit
$-2.86 M (USD)14as on Dec 31, 2021
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EBITDA
$-3.06 M (USD)14as on Dec 31, 2021
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Total Equity Funding
$16.98 M (USD)
in 7 rounds
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Latest Funding Round
$8.78 M (USD), Series A
Apr 08, 2021
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Investors
European Union
& 4 more
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Employee Count
71
as on Nov 30, 2024
- Investments & Acquisitions
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Funding Insights of GoMore
GoMore has successfully raised a total of $16.98M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $8.78 million completed in April 2021. 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 7
- Last Round Series A — $8.8M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - GoMore | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - GoMore | Valuation |
investors |
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| Sep, 2016 | Amount | Grant - GoMore | 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 GoMore
GoMore has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include European Union, Polar Light Capital and SEED 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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Polar Light Capital is engaged in international investment activities.
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Founded Year | Domain | Location | |
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Venture capital firm backing Nordic tech startups from seed to Series A with investments in Consumer, Deep Tech, and related sectors.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 GoMore
GoMore has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Amovens. 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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Peer-to-peer car rentals, ride-sharing, and vehicle leasing are facilitated.
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2009 |
| 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 - GoMore
| 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 |
Gomore Comparisons
Competitors of GoMore
GoMore 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 NaboGO, MinBil and Rentecarlo, 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 |
App-based service for carpooling to work, school, and leisure activities.
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| domain | founded_year | HQ Location |
Online platform offering car advice, tips, and information for vehicle owners.
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| domain | founded_year | HQ Location |
An online aggregator for peer-to-peer car rentals.
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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 Gomore
Frequently Asked Questions about GoMore
When was GoMore founded?
GoMore was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Where is GoMore located?
GoMore is headquartered in Copenhagen, Denmark.
Is GoMore a funded company?
GoMore is a funded company, having raised a total of $16.98M across 7 funding rounds to date. The company's 1st funding round was a Grant of $231.17K, raised on Apr 23, 2013.
How many employees does GoMore have?
As of Nov 30, 2024, the latest employee count at GoMore is 71.
What does GoMore do?
GoMore was founded in 2005 in Copenhagen, Denmark, within the ridesharing and peer-to-peer car rental sector. Car owners are linked with passengers and renters through an app-based platform where searches, comparisons, and bookings occur after request confirmations. The service operates via a mobile app available for Android and iOS devices, with the domain gomore.dk. Co-founder Soren Riis is noted among key personnel.
Who are the top competitors of GoMore?
GoMore's top competitors include NaboGO, MinBil and Rentecarlo.
How many acquisitions has GoMore made?
GoMore has made 1 acquisition, including Amovens.
Who are GoMore's investors?
GoMore has 5 investors. Key investors include European Union, Polar Light Capital, SEED Capital, Jesper Buch, and Kasper Knokgaard.
What is GoMore's valuation?
The valuation of GoMore is $99.34M as of Apr 2021.
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