About Grom Social
Grom Social is a company based in Boca Raton (United States) founded in 2012 by Zach Marks was acquired by Illumination America in August 2017.. Grom Social has completed 2 acquisitions, including Fyoosion and Top Draw Animation. Grom Social operates in a competitive market with competitors including Slay, Zigazoo, Momio, VoxBox and Instigram, among others.
- Headquarter Boca Raton, United States
- Founders Zach Marks
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Grom Social Enterprises, Inc.
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Annual Revenue
$4.04 M-25.53as on Dec 31, 2023
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Net Profit
$-12.53 M23.3as on Dec 31, 2023
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EBITDA
$-7.45 M-15.6as on Dec 31, 2023
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Latest Funding Round
$4.4 M (USD), Post-IPO
Sep 14, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Fyoosion
& 1 more
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Acquired by
Illumination America
(Aug 22, 2017)
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IPO & Listings of Grom Social
Grom Social is a publicly listed company on the OTC with ticker symbol GROM in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Grom Social
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $4.4M
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First Round
First Round
(13 Dec 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Post-IPO - Grom Social | Valuation |
investors |
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| Mar, 2020 | Amount | Post-IPO - Grom Social | Valuation |
investors |
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| Oct, 2019 | Amount | Post-IPO - Grom Social | Valuation |
investors |
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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 Grom Social
Grom Social has secured backing from 1 investor. Prominent investors backing the company include Illumination America. 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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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 Grom Social
Grom Social has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fyoosion and Top Draw Animation. 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
|
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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2D animation production services are provided for clients worldwide.
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2016 | ||||
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Marketing automation platform for businesses
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2013 |
| 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 - Grom Social
| 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 |
Grom Social Comparisons
Competitors of Grom Social
Grom Social 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 Slay, Zigazoo, Momio, VoxBox and Instigram, 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 |
Social Q&A platform for school students
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| domain | founded_year | HQ Location |
Mobile-based platform providing social streaming services for kids
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| domain | founded_year | HQ Location |
Social platform for kids
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| domain | founded_year | HQ Location |
Audio creations are shared by kids on an app-based platform.
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| domain | founded_year | HQ Location |
Social platform for kids' classmate interactions and challenges is provided.
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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 Grom Social
Frequently Asked Questions about Grom Social
When was Grom Social founded?
Grom Social was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is Grom Social located?
Grom Social is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Who is the current CEO of Grom Social?
Darren Marks is the current CEO of Grom Social.
What is the annual revenue of Grom Social?
Annual revenue of Grom Social is $4.04M as on Dec 31, 2023.
What does Grom Social do?
Online social platform for kids. It enables kids to play games, make friends, chat and learn about digital citizenship in a gamified protected environment. The platform features educational entertaining videos, digital avatars, bad word filtering, parental control, and live monitoring of shared content. The app is available for Android iOS devices.
Who are the top competitors of Grom Social?
Is Grom Social publicly traded?
Yes, Grom Social is publicly traded on OTC under the ticker symbol GROM.
How many acquisitions has Grom Social made?
Grom Social has made 2 acquisitions, including Fyoosion, and Top Draw Animation.
Who are Grom Social's investors?
Grom Social has 1 investor. Key investors include Illumination America.
What is Grom Social's ticker symbol?
The ticker symbol of Grom Social is GROM on OTC.
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