About Kit
Kit is a company based in New York (United States) founded in 2015 was acquired by Ro in June 2021.. Kit has raised $5.82 million across 2 funding rounds from investors including Patreon, Ro and Social Capital. The company has 703 employees as of December 31, 2021. Kit operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Magellan Health and Sharecare, among others.
- Headquarter New York, United States
- Employees 703 as on 31 Dec, 2021
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Sectors
TechnologyHealthcare
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Phone
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Website
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Social
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Funding Insights of Kit
Kit has successfully raised a total of $5.82M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.32 million completed in January 2021. 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 Series A — $3.3M
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First Round
First Round
(15 Nov 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Series A - Kit | Valuation |
investors |
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| Nov, 2016 | Amount | Seed - Kit | Valuation |
investors |
| 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 |
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Investors in Kit
Kit has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Patreon, Ro and Social 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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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location | |
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Startups are incubated across sectors by the agnostic studio.
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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 Kit
| 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 - Kit
| 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 |
Kit Comparisons
Competitors of Kit
Kit 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 Hinge Health, Practo, Accolade, Magellan Health and Sharecare, 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 |
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| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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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 Kit
Frequently Asked Questions about Kit
When was Kit founded?
Kit was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Kit located?
Kit is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Kit a funded company?
Kit is a funded company, having raised a total of $5.82M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 15, 2016.
How many employees does Kit have?
As of Dec 31, 2021, the latest employee count at Kit is 703.
What does Kit do?
Kit is a community-based product discovery platform. The platform offers category focused communities like art, biking, photography etc. Users can recommend and review products they like in the communities. Users earn affiliate revenue on the products recommended by them, from the companys partnered retailers. As of Nov. 2016, they have not started to monetize the platform. Users include influencers such as professional travel vlogger Peter Bragiel, makeup artist and beauty vlogger Claire Marshall etc. They also allow influencers to collaborate with brands and create sponsored content for community users. The company was launched as a project backed by Expa, which helps develop and launch companies.
Who are the top competitors of Kit?
Kit's top competitors include Accolade, Hinge Health and Wellhub.
Who are Kit's investors?
Kit has 10 investors. Key investors include Patreon, Ro, Social Capital, Expa, and Black Angel Tech Fund.
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