About Instaread
Instaread is a company based in San Francisco (United States) founded in 2015.. Instaread has raised $1.66 million across 2 funding rounds from investors including 500 Global. Instaread offers products and services including Book Summaries, Audio Formats, and Text Summaries. Instaread operates in a competitive market with competitors including Blinkist, Uptime, Deepstash, getAbstract and Reedz, among others.
- Headquarter San Francisco, United States
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Sectors
Media & Entertainment
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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
$1.66 M (USD)
in 2 rounds
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Latest Funding Round
$1.66 M (USD), Seed
May 05, 2016
- Investors
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Employee Count
Employee Count
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Products & Services of Instaread
Instaread offers a comprehensive portfolio of products and services, including Book Summaries, Audio Formats, and Text Summaries. 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.
Delivers key insights from books in 15-minute audio or text formats.
Converts book summaries to audio for on-the-go listening.
Provides written summaries of books for quick text-based learning.
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Funding Insights of Instaread
Instaread has successfully raised a total of $1.66M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.66 million completed in May 2016. 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 — $1.7M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Seed - Instaread | Valuation |
investors |
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| Oct, 2012 | Amount | Seed - Instaread | Valuation | 500 Global |
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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 Instaread
Instaread has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 500 Global. 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 and acceleration are provided to tech 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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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 Instaread
| 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 - Instaread
| 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 |
Instaread Comparisons
Competitors of Instaread
Instaread 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 Blinkist, Uptime, Deepstash, getAbstract and Reedz, 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 |
Non-fiction books are summarized into bite-sized mobile app insights.
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| domain | founded_year | HQ Location |
Uptime is focused on delivering learning experiences through a streamlined platform.
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| domain | founded_year | HQ Location |
Self-improvement content is aggregated and summarized from diverse sources.
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| domain | founded_year | HQ Location |
Business books are summarized by getAbstract's platform for professional use.
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| domain | founded_year | HQ Location |
App-based platform offering summarized forms of books in audio or text format
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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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Frequently Asked Questions about Instaread
When was Instaread founded?
Instaread was founded in 2015.
Where is Instaread located?
Instaread is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Instaread a funded company?
Instaread is a funded company, having raised a total of $1.66M across 2 funding rounds to date.
What does Instaread do?
Instaread was founded in 2015 in San Francisco, United States, as a platform focused on book summarization within the digital content sector. Key takeaways and summaries of New York Times non-fiction bestsellers are provided through text or audio formats. The service operates via a mobile app available for iOS devices, while an Android version remains under development.
Who are the top competitors of Instaread?
What products or services does Instaread offer?
Instaread offers Book Summaries, Audio Formats, and Text Summaries.
Who are Instaread's investors?
Instaread has 1 investor. Key investors include 500 Global.
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