About Makara
Makara is a company based in Redwood City (United States) founded in 2008 was acquired by Betterment in February 2022.. The company has 399 employees as of December 31, 2022. Makara offers products and services including Crypto ETF Portfolio, Automated Investing, and High-Yield Cash. Makara operates in a competitive market with competitors including WhaleLend, Delta One, Elysium Lab, Napcat and Skyrim Finance, among others.
- Headquarter Redwood City, United States
- Employees 399 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Betterment Holdings, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Betterment
& 1 more
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Employee Count
399
as on Dec 31, 2022
- Acquired by
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Products & Services of Makara
Makara offers a comprehensive portfolio of products and services, including Crypto ETF Portfolio, Automated Investing, and High-Yield Cash. 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.
Managed portfolio for Bitcoin and Ethereum ETFs exposure.
Platform for portfolio options and rebalancing services.
Account offering variable interest and FDIC insurance.
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Software Development Team
75 people
Sales and Marketing
27 people
Product Management Team
24 people
Legal and Compliance
20 people
Senior Team
17 people
Leadership Team
16 people
Finance and Accounting
14 people
Operations Team
13 people
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Funding Insights of Makara
| 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 Makara
Makara has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Betterment and Red Hat. 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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OpenStack distribution and Kubernetes cluster management are facilitated across clouds.
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Founded Year | Domain | Location | |
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App-based automated investment and retirement planning platform
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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 Makara
| 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 - Makara
| 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 |
Makara Comparisons
Competitors of Makara
Makara 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 WhaleLend, Delta One, Elysium Lab, Napcat and Skyrim Finance, 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 |
A cryptocurrency investment platform is operated by the company.
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| domain | founded_year | HQ Location |
An automated platform for cryptocurrency investments is provided.
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| domain | founded_year | HQ Location |
Web2-Web3 applications are developed via Elysium Lab's platform.
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| domain | founded_year | HQ Location |
Smart security cameras for video surveillance are developed.
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| domain | founded_year | HQ Location |
Automated crypto investment management is provided online.
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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 Makara
When was Makara founded?
Makara was founded in 2008.
Where is Makara located?
Makara is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
How many employees does Makara have?
As of Dec 31, 2022, the latest employee count at Makara is 399.
What does Makara do?
Makara was founded in 2008 in Redwood City, United States, and operates in the fintech sector focused on cryptocurrency. Investments in crypto portfolios are assisted through automated advisory services. An app-based platform is provided for users on iOS and Android devices, enabling portfolio management and guidance across digital assets. Operations are centered on simplifying crypto investment decisions for individual users.
Who are the top competitors of Makara?
Makara's top competitors include WhaleLend, Elysium Lab and Delta One.
What products or services does Makara offer?
Makara offers Crypto ETF Portfolio, Automated Investing, and High-Yield Cash.
Who are Makara's investors?
Makara has 2 investors. Key investors include Betterment, and Red Hat.
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