Greenlight

Atlanta, United States Founded: 2014 • Age: 12 yrs
App-based investment platform for kids and teens is operated.
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About Greenlight

Greenlight is a company based in Atlanta (United States) founded in 2014 by Timothy Sheehan and Johnson Cook.. Greenlight has raised $556.5 million across 6 funding rounds from investors including Truist, Ally and JPMorgan Chase. The company has 66 employees as of March 28, 2024. Greenlight has completed 1 acquisition, including WatchGuard. Greenlight offers products and services including Greenlight App, Debit Card, and Level Up Game. Greenlight operates in a competitive market with competitors including gohenry, FamApp, Junio, Jassby and YPay Card, among others.

  • Headquarter Atlanta, United States
  • Employees 66 as on 28 Mar, 2024
  • Founders Timothy Sheehan, Johnson Cook
  • Stage Unicorn
  • Sectors
    Technology
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Glt Techserv Private Limited
  • Date of Incorporation 08 Aug, 2022
  • Jurisdiction Bangalore South, Karnataka, India
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $1.28 M (USD)
    0
    as on Mar 31, 2023
  • Net Profit
    $132.67 K (USD)
    0
    as on Mar 31, 2023
  • EBITDA
    $270.31 K (USD)
    0
    as on Mar 31, 2023
  • Total Equity Funding
    $556.5 M (USD)

    in 6 rounds

  • Latest Funding Round
  • Investors
    Truist

    & 22 more

  • Employee Count
    66

    as on Mar 28, 2024

  • Investments & Acquisitions
    WatchGuard

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Products & Services of Greenlight

Greenlight offers a comprehensive portfolio of products and services, including Greenlight App, Debit Card, and Level Up Game. 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.

Primary

App for kids to track spending, savings, and investments securely.

Card for children to make purchases and learn financial responsibility.

Game that teaches money concepts through interactive financial challenges.

Funding Insights of Greenlight

Greenlight has successfully raised a total of $556.5M across 6 strategic funding rounds. 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 Rounds 6
  • Last Round
  • First Round

    (23 May 2017)

  • Investors Count 23
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2023 Amount Series D - Greenlight Valuation Curql
Apr, 2021 Amount Series D - Greenlight Valuation a16z
Canapi Ventures , TTV Capital
Sep, 2020 Amount Series C - Greenlight Valuation Canapi Ventures , TTV Capital
DST Global , Goodwater Capital
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Greenlight

Greenlight has secured backing from 23 investors, including venture fund and institutional investors. Prominent investors backing the company include Truist, Ally and JPMorgan Chase. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Curql
Curql is focused on connecting credit unions with fintech investments.
Founded Year Domain Location
Andreessen Horowitz
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
Founded Year Domain Location
Canapi Ventures
Investing in B2B software and fintech for the financial services economy.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Greenlight

Greenlight has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WatchGuard. 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.

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
WatchGuard
Integrated threat management and network security solutions are provided.
1996
Company Name Description Domain Location Founded Year Amount
OVO
OVO is recognized as a smart digital payment application.
2017
Bento Cloud
Bionic investment advisor platform
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Greenlight

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Greenlight Comparisons

Employees
+
Add Comparison
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Competitors of Greenlight

Greenlight 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 gohenry, FamApp, Junio, Jassby and YPay Card, 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
gohenry
domain founded_year HQ Location
Prepaid cards for children with parental spending controls are provided.
FamApp
domain founded_year HQ Location
FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions.
Junio
domain founded_year HQ Location
Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards
Jassby
domain founded_year HQ Location
Budget management platform for kids
YPay Card
domain founded_year HQ Location
Payment cards for teens are issued to manage personal spending.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Greenlight

Frequently Asked Questions about Greenlight

When was Greenlight founded?

Greenlight was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is Greenlight located?

Greenlight is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.

Who is the current CEO of Greenlight?

Timothy Sheehan is the current CEO of Greenlight. They have also founded this company.

Is Greenlight a funded company?

Greenlight is a funded company, having raised a total of $556.5M across 6 funding rounds to date. The company's 1st funding round was a Series C of $215M, raised on May 23, 2017.

How many employees does Greenlight have?

As of Mar 28, 2024, the latest employee count at Greenlight is 66.

What is the annual revenue of Greenlight?

Annual revenue of Greenlight is $1.28M as on Mar 31, 2023.

What does Greenlight do?

Greenlight was founded in 2014 in Atlanta, United States, as a fintech company focused on youth financial education. An app-based platform is provided for investments targeted at kids and teens, along with debit cards for practical use. Parents are enabled to guide decisions on spending, saving, and money management through integrated tools. Operations center on digital accessibility and parental oversight in the personal finance sector.

Who are the top competitors of Greenlight?

Greenlight's top competitors include FamApp, gohenry and BusyKid.

What products or services does Greenlight offer?

Greenlight offers Greenlight App, Debit Card, and Level Up Game.

How many acquisitions has Greenlight made?

Greenlight has made 1 acquisition, including WatchGuard.

Who are Greenlight's investors?

Greenlight has 23 investors. Key investors include Truist, Ally, JPMorgan Chase, Live Oak Bank, and Wells Fargo.

What is Greenlight's valuation?

The valuation of Greenlight is $2.3B as of Apr 2021.

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