About Grazzy
Grazzy is a company based in Austin (United States) founded in 2021 by Russell Lemmer.. Grazzy has raised $10.8 million across 2 funding rounds from investors including Next Coast Ventures, AZ-VC and In Revenue Capital. Grazzy offers products and services including Digital Tipping System and Tip Distribution Options. Grazzy operates in a competitive market with competitors including Kickfin, TipHaus, eTip, Hifive and TipTapGo, among others.
- Headquarter Austin, United States
- Founders Russell Lemmer
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Sectors
ConsumerFinancial Services
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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
$10.8 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Seed
Jul 24, 2024
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Investors
Next Coast Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Grazzy
Grazzy offers a comprehensive portfolio of products and services, including Digital Tipping System and Tip Distribution Options. 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 QR code-based tipping and instant employee payouts.
Facilitates flexible tip transfers via debit or bank methods.
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Funding Insights of Grazzy
Grazzy has successfully raised a total of $10.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in July 2024. 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 Seed — $4.0M
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First Round
First Round
(19 Dec 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Grazzy | Valuation | Next Coast Ventures | |
| Dec, 2022 | Amount | Seed - Grazzy | Valuation | Next Coast Ventures , Tuesday Capital |
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| 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 Grazzy
Grazzy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Next Coast Ventures, AZ-VC and In Revenue 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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Early-stage technology companies are invested in via thematic research.
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Venture capital and go-to-market expertise are provided to startups.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Grazzy
| 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 - Grazzy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Grazzy Comparisons
Competitors of Grazzy
Grazzy 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 Kickfin, TipHaus, eTip, Hifive and TipTapGo, 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 |
Tip payment solutions are provided for hospitality employees.
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| domain | founded_year | HQ Location |
Automated tip distribution software is provided for restaurants.
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| domain | founded_year | HQ Location |
Tip payment solutions are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Cashless tipping solutions are offered to consumers through QR-code technology.
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| domain | founded_year | HQ Location |
Offers an app-based platform for tipping and mobile payments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Grazzy
Frequently Asked Questions about Grazzy
When was Grazzy founded?
Grazzy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Grazzy located?
Grazzy is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Grazzy?
Russell Lemmer is the current CEO of Grazzy. They have also founded this company.
Is Grazzy a funded company?
Grazzy is a funded company, having raised a total of $10.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.8M, raised on Dec 19, 2022.
What does Grazzy do?
Grazzy was founded in 2021 and is headquartered in Austin, United States. Operations focus on the fintech sector, providing cloud-based payment security and customized platforms for digital tipping. Daily payouts of tips are facilitated by QR code scans, with tips and feedback directed to specific team members or teams based on preferences. Services cover hotels, food and beverages, bars, and related industries.
What products or services does Grazzy offer?
Grazzy offers Digital Tipping System and Tip Distribution Options.
Who are Grazzy's investors?
Grazzy has 4 investors. Key investors include Next Coast Ventures, AZ-VC, In Revenue Capital, and Tuesday Capital.