About Joost
Joost is a company based in New York (United States) founded in 2006 was acquired by Adconion Media in November 2009.. Joost has raised $45 million across 1 funding round from investors including Adconion Media, CBS Corporation and Sequoia Capital. The company has 14 employees as of December 31, 2020. Joost operates in a competitive market with competitors including IQiyi, Youku Tudou, Tubi, Mango TV and Crackle, among others.
- Headquarter New York, United States
- Employees 14 as on 31 Dec, 2020
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
- Legal Name Joost Industrial, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45 M (USD)
in 1 rounds
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Latest Funding Round
$45 M (USD), Series A
May 10, 2007
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Investors
Adconion Media
& 4 more
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Employee Count
14
as on Dec 31, 2020
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Acquired by
Adconion Media
(Nov 24, 2009)
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Software Development Team
162 people
Leadership Team
154 people
Sales and Marketing
96 people
Senior Team
77 people
Client Team
62 people
Finance and Accounting
35 people
Associate Team
27 people
Human Resources and Administration
27 people
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Funding Insights of Joost
Joost has successfully raised a total of $45M through 1 strategic funding round. The most recent funding activity was a Series A round of $45 million completed in May 2007. 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 1
- Last Round Series A — $45.0M
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First Round
First Round
(10 May 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2007 | Amount | Series A - Joost | Valuation | Index Ventures |
| 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 Joost
Joost has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Adconion Media, CBS Corporation and Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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A foundation funded by Li Ka Shing, dedicated to enhancing education and healthcare sectors.
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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 Joost
| 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 |
Financial Statements - Joost
| 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 |
Joost Comparisons
Competitors of Joost
Joost 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 IQiyi, Youku Tudou, Tubi, Mango TV and Crackle, 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 |
Subscription-based streaming of dramas, anime, movies, and shows is offered.
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| domain | founded_year | HQ Location |
Video content is streamed, searched, and shared across multiple devices.
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| domain | founded_year | HQ Location |
On-demand streaming video platform offering movies and TV shows.
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| domain | founded_year | HQ Location |
Ad-supported on-demand video streaming platform
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| domain | founded_year | HQ Location |
Ad-supported video-on-demand platform is operated for movies and TV series.
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| domain | founded_year | HQ Location |
No specific activity is described for Mansa.
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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 Joost
Frequently Asked Questions about Joost
When was Joost founded?
Joost was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Joost located?
Joost is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Joost a funded company?
Joost is a funded company, having raised a total of $45M across 1 funding round to date. The company's 1st funding round was a Series A of $45M, raised on May 10, 2007.
How many employees does Joost have?
As of Dec 31, 2020, the latest employee count at Joost is 14.
What does Joost do?
Joost was founded in 2006 in New York, United States, as an ad-supported platform in the video streaming sector. Free access to video content is provided, with advertisements integrated between programs, during playback, and as sidebar displays. Operations focus on delivering on-demand videos to users without subscription fees, supported entirely by ad revenue. The service targets a global audience through its online domain.
Who are Joost's investors?
Joost has 5 investors. Key investors include Adconion Media, CBS Corporation, Sequoia Capital, Index Ventures, and Li Ka Shing Foundation.