About Martie
Martie is a company based in Albemarle (United States) founded in 1998 by Kari Morris and Louise Fritjofsson.. Martie has raised $10 million across 2 funding rounds from investors including Upfront Ventures. The company has 7 employees as of December 31, 2024. Martie offers products and services including Martie App, Overstock Deals, and Grocery Platform. Martie operates in a competitive market with competitors including DoorDash, Instacart, Thrive Market, Postmates and Shipt, among others.
- Headquarter Albemarle, United States
- Employees 7 as on 31 Dec, 2024
- Founders Kari Morris, Louise Fritjofsson
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Martie 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
$10 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Series A
Dec 13, 2023
- Investors
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Employee Count
7
as on Dec 31, 2024
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Products & Services of Martie
Martie offers a comprehensive portfolio of products and services, including Martie App, Overstock Deals, and Grocery Platform. 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.
Mobile app for browsing and purchasing overstock deals.
Online service offering up to 80 percent off on various products.
Platform for buying discounted pantry and household items.
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Product Management Team
1 people
Sales and Marketing
1 people
Co Team
1 people
Head Team
1 people
Assistant Team
1 people
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Funding Insights of Martie
Martie has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in December 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 Series A — $7.0M
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First Round
First Round
(02 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Martie | Valuation | Upfront Ventures |
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| Nov, 2021 | Amount | Unspecified - Martie | 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 Martie
Martie has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Upfront 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 funding is provided to early-stage companies.
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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 Martie
| 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 - Martie
| 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 |
Martie Comparisons
Competitors of Martie
Martie 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 DoorDash, Instacart, Thrive Market, Postmates and Shipt, 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 |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category grocery products
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| domain | founded_year | HQ Location |
Organic groceries are offered through an online membership platform.
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| domain | founded_year | HQ Location |
Online platform providing on-demand hyperlocal delivery services
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| domain | founded_year | HQ Location |
On-demand grocery and essentials delivery is facilitated via mobile app.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via a mobile app platform.
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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 Martie
Frequently Asked Questions about Martie
When was Martie founded?
Martie was founded in 1998 and raised its 1st funding round 23 years after it was founded.
Where is Martie located?
Martie is headquartered in Albemarle, United States. It is registered at Albemarle, North Carolina, United States.
Is Martie a funded company?
Martie is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $3M, raised on Nov 02, 2021.
How many employees does Martie have?
As of Dec 31, 2024, the latest employee count at Martie is 7.
What does Martie do?
Martie was founded in 1998 in Albemarle, United States, as an online platform in the grocery sector. Surplus supplies of fruits, vegetables, meat, seafood, bakery products, dairy, food grains, beverages, and other pantry goods are provided. Operations involve partnerships with brands and producers to source and distribute excess inventory through the domain martie.com.
Who are the top competitors of Martie?
Martie's top competitors include DoorDash, Thrive Market and Instacart.
What products or services does Martie offer?
Martie offers Martie App, Overstock Deals, and Grocery Platform.
Who are Martie's investors?
Martie has 1 investor. Key investors include Upfront Ventures.