About Lex
Lex is a company based in New York (United States) founded in 2019 was acquired by 9 Count in September 2024. It operates as a Freemium. Lex has raised $7.1 million across 2 funding rounds from investors including Bumble, 9 Count and HopeLab. Lex offers products and services including Lex App. Lex operates in a competitive market with competitors including Hornet, Grindr, Growlr, Taimi and Planet Out, among others.
- Headquarter New York, United States
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Sectors
Media & EntertainmentConsumer
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Email
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Phone
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Website
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Social
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Products & Services of Lex
Lex offers a comprehensive portfolio of products and services, including Lex 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.
Platform for connecting queer community members locally.
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COO Team
1 people
Human Resources and Administration
1 people
Leadership Team
1 people
Co Team
1 people
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Funding Insights of Lex
Lex has successfully raised a total of $7.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.6 million completed in October 2023. 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 Seed — $5.6M
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First Round
First Round
(16 Jul 2020)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Seed - Lex | Valuation | Peter A Boyce | |
| Jul, 2020 | Amount | Seed - Lex | Valuation | Female Founders Fund |
| 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 Lex
Lex has secured backing from 31 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Bumble, 9 Count and HopeLab. 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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Pre-seed and seed-stage startups are targeted for investments by Slauson.
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Founded Year | Domain | Location | |
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Venture capital funding is provided for nightlife tech startups.
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Tech focused early-stage micro VC firm investing in the US
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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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Venture capital is directed toward companies in multiple sectors.
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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 Lex
| 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 - Lex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Lex Comparisons
Competitors of Lex
Lex 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 Hornet, Grindr, Growlr, Taimi and Planet Out, 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 |
Hornet is operated as a social networking app for the queer community.
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| domain | founded_year | HQ Location |
Geolocation-based dating and social platform for LGBT community is provided.
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| domain | founded_year | HQ Location |
Nearby gay individuals are connected through a social networking platform.
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| domain | founded_year | HQ Location |
Taimi is recognized as a leading LGBTQ+ dating app.
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| domain | founded_year | HQ Location |
An online social platform is operated for the LGBT community.
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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 Lex
Frequently Asked Questions about Lex
When was Lex founded?
Lex was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Lex located?
Lex is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Lex a funded company?
Lex is a funded company, having raised a total of $7.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jul 16, 2020.
What does Lex do?
Lex is designed as a social networking platform for the queer community. Connections are facilitated through local dating, friendships, events, and groups. The app is focused on creating safe spaces for LGBTQ individuals to interact. Various community activities and meetups are supported through the platform. Emphasis is placed on enhancing user engagement within local queer networks.
What products or services does Lex offer?
Lex offers Lex App.