About Kumospace
Kumospace is a company based in New York (United States) founded in 2020 by Yang Mou.. Kumospace has raised $27.39 million across 3 funding rounds from investors including Lightspeed Venture Partners, Boldstart Ventures and Charge Ventures. Kumospace has completed 1 acquisition, including Kosy. Kumospace offers products and services including Virtual Office, Video Conferencing, Team Chat, and Online Whiteboard. Kumospace operates in a competitive market with competitors including Dialpad, Fuze, Webex, Zoom and Skype, among others.
- Headquarter New York, United States
- Founders Yang Mou
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Kumospace, 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
$27.39 M (USD)
in 3 rounds
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Latest Funding Round
$21.89 M (USD), Series A
Dec 09, 2021
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Investors
Lightspeed Venture Partners
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Kumospace
Kumospace offers a comprehensive portfolio of products and services, including Virtual Office, Video Conferencing, Team Chat, and Online Whiteboard. 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.
Enables virtual workspaces for team interactions and remote productivity.
Facilitates video chats for hybrid and remote work environments.
Supports channels and threads for real-time team communication.
Allows seamless creation and collaboration on digital whiteboards.
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Funding Insights of Kumospace
Kumospace has successfully raised a total of $27.39M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $21.89 million completed in December 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 3
- Last Round Series A — $21.9M
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First Round
First Round
(23 Nov 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Kumospace | Valuation | Lightspeed Venture Partners | |
| Apr, 2021 | Amount | Seed - Kumospace | Valuation | Boldstart Ventures | |
| Nov, 2020 | Amount | Series A - Kumospace | 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 Kumospace
Kumospace has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Boldstart Ventures and Charge Ventures. 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 investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on crypto infra, and SaaS companies
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward startups by the firm.
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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 Kumospace
Kumospace has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kosy. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based virtual office platform for enterprise collaboration is provided.
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2020 |
| 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 - Kumospace
| 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 |
Kumospace Comparisons
Competitors of Kumospace
Kumospace 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 Dialpad, Fuze, Webex, Zoom and Skype, 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 |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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| domain | founded_year | HQ Location |
Solutions for virtual meetings and training sessions are provided.
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| domain | founded_year | HQ Location |
Zoom is recognized for providing AI-first collaboration and communication solutions.
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| domain | founded_year | HQ Location |
VoIP software for internet video chats and calls is offered.
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| domain | founded_year | HQ Location |
Cloud-based video conferencing software is provided for user connections.
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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 Kumospace
Frequently Asked Questions about Kumospace
When was Kumospace founded?
Kumospace was founded in 2020.
Where is Kumospace located?
Kumospace is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Kumospace?
Yang Mou is the current CEO of Kumospace. They have also founded this company.
Is Kumospace a funded company?
Kumospace is a funded company, having raised a total of $27.39M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Nov 23, 2020.
What does Kumospace do?
Kumospace was founded in 2020 and is based in New York, United States. Cloud-based solutions for virtual workspace collaboration are offered by the company within the technology sector. Operations include video calling for communication, breakout rooms, spatial audio capabilities, customizable environments, and digital guest management. These tools support activities such as networking events, conferences, workshops, and informal gatherings like happy hours.
Who are the top competitors of Kumospace?
What products or services does Kumospace offer?
Kumospace offers Virtual Office, Video Conferencing, Team Chat, and Online Whiteboard.
How many acquisitions has Kumospace made?
Kumospace has made 1 acquisition, including Kosy.
Who are Kumospace's investors?
Kumospace has 10 investors. Key investors include Lightspeed Venture Partners, Boldstart Ventures, Charge Ventures, Alumni Ventures, and Green D Ventures.
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