About MassRoots
MassRoots is a company based in Denver (United States) founded in 2013.. MassRoots has raised $775 thousand across 15 funding rounds from investors including Chicago Venture Partners, Steve Markowitz and Delavaco Group. The company has 143 employees as of December 31, 2023. MassRoots has completed 5 acquisitions, including COWA Science, CannaRegs and Cowascience.org. MassRoots operates in a competitive market with competitors including Weedmaps, Who is Happy, HighThere, The Weedtube and DMT World, among others.
- Headquarter Denver, United States
- Employees 143 as on 31 Dec, 2023
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$6.96 K-71as on Dec 31, 2020
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Net Profit
$-14.71 M57as on Dec 31, 2020
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EBITDA
$-1.16 M66as on Dec 31, 2020
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Total Equity Funding
$775 K (USD)
in 15 rounds
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Latest Funding Round
$645 K (USD), Post-IPO
Sep 13, 2019
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Investors
Chicago Venture Partners
& 4 more
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Employee Count
143
as on Dec 31, 2023
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Investments & Acquisitions
COWA Science
& 4 more
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Funding Insights of MassRoots
MassRoots has successfully raised a total of $775K across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $645 thousand completed in September 2019. 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 15
- Last Round Post-IPO — $645,000
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First Round
First Round
(18 Oct 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Post-IPO - MassRoots | Valuation |
investors |
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| Dec, 2018 | Amount | Post-IPO - MassRoots | Valuation |
investors |
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| Jul, 2018 | Amount | Post-IPO - MassRoots | 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 MassRoots
MassRoots has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Chicago Venture Partners, Steve Markowitz and Delavaco 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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Private equity investments are directed toward US companies.
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Founded Year | Domain | Location | |
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Delavaco Group is engaged in private equity and corporate restructuring.
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Founded Year | Domain | Location | |
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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 MassRoots
MassRoots has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include COWA Science, CannaRegs and Cowascience.org. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Supply chain management services are provided by COWA Science.
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2016 | ||||
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Enterprise software solutions for the cannabis industry are provided.
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2015 | ||||
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Information on cannabis strains, products, and dispensaries is provided online.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MassRoots
| 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 |
Massroots Comparisons
Competitors of MassRoots
MassRoots 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 Weedmaps, Who is Happy, HighThere, The Weedtube and DMT World, 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 |
Online community platform for medical marijuana patients
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| domain | founded_year | HQ Location |
Operates an app-based community platform for cannabis enthusiasts.
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| domain | founded_year | HQ Location |
Social network for cannabis enthusiasts
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| domain | founded_year | HQ Location |
Operates a social networking platform dedicated to cannabis enthusiasts.
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| domain | founded_year | HQ Location |
Online platform for psychedelics education, community building, and positive change initiatives.
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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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Latest news on Massroots
Frequently Asked Questions about MassRoots
When was MassRoots founded?
MassRoots was founded in 2013.
Where is MassRoots located?
MassRoots is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is MassRoots a funded company?
MassRoots is a funded company, having raised a total of $775K across 15 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.65M, raised on Oct 18, 2013.
How many employees does MassRoots have?
As of Dec 31, 2023, the latest employee count at MassRoots is 143.
What is the annual revenue of MassRoots?
Annual revenue of MassRoots is $6.96K as on Dec 31, 2020.
What does MassRoots do?
MassRoots was founded in 2013 in Denver, United States, as a digital platform in the cannabis sector. Users are linked with peers for sharing experiences, while connections to local dispensaries are facilitated. Content on marijuana strains, products, and news updates is provided. The application is accessible on both iOS and Android devices for community engagement.
Who are the top competitors of MassRoots?
How many acquisitions has MassRoots made?
MassRoots has made 5 acquisitions, including COWA Science, CannaRegs, and Cowascience.org.
Who are MassRoots's investors?
MassRoots has 5 investors. Key investors include Chicago Venture Partners, Steve Markowitz, Delavaco Group, The Arcview Group, and Altar Rock Capital.