About Lettrs
Lettrs is a company based in Collinsville (United States) founded in 2012.. Lettrs has raised $1.85 million across 3 funding rounds from investors including Bulldog Innovation Group. Lettrs offers products and services including lettrs App and Musist. Lettrs operates in a competitive market with competitors including Kik, Snapchat, Bebo, MessageMe and Bridgefy, among others.
- Headquarter Collinsville, United States
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lettrs, 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
$1.85 M (USD)
in 3 rounds
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Latest Funding Round
$100 K (USD), Seed
Mar 01, 2016
- Investors
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Employee Count
Employee Count
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Products & Services of Lettrs
Lettrs offers a comprehensive portfolio of products and services, including lettrs App and Musist. 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 creating meaningful messages with quality filters.
Platform offering premium experiences for previous users.
Funding Insights of Lettrs
Lettrs has successfully raised a total of $1.85M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in March 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 3
- Last Round Seed — $100,000
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First Round
First Round
(01 Jun 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Seed - Lettrs | Valuation |
investors |
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| Oct, 2014 | Amount | Seed - Lettrs | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Lettrs | 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 Lettrs
Lettrs has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Bulldog Innovation Group. 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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A venture capital firm focused on Yale alumni-led 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 Lettrs
| 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 - Lettrs
| 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 |
Lettrs Comparisons
Competitors of Lettrs
Lettrs 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 Kik, Snapchat, Bebo, MessageMe and Bridgefy, 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 |
Multimedia messaging is enabled by Kik for mobile users.
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| domain | founded_year | HQ Location |
Multimedia messaging application for ephemeral photos and videos is provided.
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| domain | founded_year | HQ Location |
Web Social Networking portal & social app developer
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| domain | founded_year | HQ Location |
An engaging communication platform is provided for users worldwide.
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| domain | founded_year | HQ Location |
Messages are exchanged via mesh network without internet or data.
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| domain | founded_year | HQ Location |
Tools provider to create, edit & share visual contents
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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 Lettrs
When was Lettrs founded?
Lettrs was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Lettrs located?
Lettrs is headquartered in Collinsville, United States. It is registered at Collinsville, Illinois, United States.
Is Lettrs a funded company?
Lettrs is a funded company, having raised a total of $1.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2013.
What does Lettrs do?
Lettrs was founded in 2012 and is headquartered in Collinsville, United States. A mobile application serves as a social networking platform where letters are posted publicly by users. These letters can be viewed, shared, translated, and accompanied by various stamp designs. The service operates within the digital communication sector, facilitating user interactions through this letter-based format across mobile devices.
What products or services does Lettrs offer?
Lettrs offers lettrs App and Musist.
Who are Lettrs's investors?
Lettrs has 1 investor. Key investors include Bulldog Innovation Group.
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