About Kutt
Kutt is a company based in Blue Springs (United States) founded in 2000 by Sim Harmon.. Kutt has raised $1.1 million across 1 funding round from investors including Lightning Capital. Kutt offers products and services including KUTT Betting App. Kutt operates in a competitive market with competitors including Lucra Sports, Novig, Smarkets, PickGuru and WAGR, among others.
- Headquarter Blue Springs, United States
- Founders Sim Harmon
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Sectors
Media & EntertainmentConsumer
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$187.33 K36995as on Dec 31, 2023
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Net Profit
$-376.15 K-100as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Jan 05, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Kutt
Kutt offers a comprehensive portfolio of products and services, including KUTT Betting App. 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.
App for peer-to-peer wagering on sports and other events.
Funding Insights of Kutt
Kutt has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in January 2024. 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 Seed — $1.1M
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First Round
First Round
(05 Jan 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Kutt | 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 |
investors |
Investors in Kutt
Kutt has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lightning 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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Digital asset management services are provided for wealth creation.
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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 Kutt
| 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 - Kutt
| 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 |
Kutt Comparisons
Competitors of Kutt
Kutt 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 Lucra Sports, Novig, Smarkets, PickGuru and WAGR, 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 |
Provider of P2P sports betting platform
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| domain | founded_year | HQ Location |
Provider of a P2P sports betting platform
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| domain | founded_year | HQ Location |
Sports betting exchange platform facilitated for user-to-user wagers.
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| domain | founded_year | HQ Location |
Provider of P2P sports betting platform
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| domain | founded_year | HQ Location |
Multi-category sports betting is facilitated via an online platform.
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| domain | founded_year | HQ Location |
Provider of a social sports betting platform
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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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Frequently Asked Questions about Kutt
When was Kutt founded?
Kutt was founded in 2000 and raised its 1st funding round 24 years after it was founded.
Where is Kutt located?
Kutt is headquartered in Blue Springs, United States. It is registered at Blue Springs, Missouri, United States.
Is Kutt a funded company?
Kutt is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Jan 05, 2024.
What is the annual revenue of Kutt?
Annual revenue of Kutt is $187.33K as on Dec 31, 2023.
What does Kutt do?
A peer-to-peer sports betting platform was established in 2000 in Blue Springs, United States. Users are enabled to place bets with friends on sporting events through the service. Funds are held securely by the platform during the event, and payouts are automated to the winner once the outcome is confirmed. Operations focus on the online betting sector, facilitating direct peer interactions without intermediaries.
Who are the top competitors of Kutt?
Kutt's top competitors include Novig, Lucra Sports and Splash Sports.
What products or services does Kutt offer?
Kutt offers KUTT Betting App.
Who are Kutt's investors?
Kutt has 1 investor. Key investors include Lightning Capital.
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