About MemoryWell
MemoryWell is a company founded in 2016.. MemoryWell has raised $4.06 million across 6 funding rounds from investors including HHS, Techstars and Innovations for Impact. The company has 9 employees as of December 31, 2022. MemoryWell operates in a competitive market with competitors including The Mighty, Kynd, Yoocan, Sociability and Grapes Club, among others.
- Employees 9 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Memorywell 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
$4.06 M (USD)
in 6 rounds
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Latest Funding Round
$300 K (USD), Seed
Oct 19, 2023
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Investors
HHS
& 14 more
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Employee Count
9
as on Dec 31, 2022
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Operations Team
1 people
Product Management Team
1 people
Finance and Accounting
1 people
Leadership Team
1 people
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Funding Insights of MemoryWell
MemoryWell has successfully raised a total of $4.06M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $300 thousand 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 6
- Last Round Seed — $300,000
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First Round
First Round
(26 Apr 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - MemoryWell | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - MemoryWell | Valuation |
investors |
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| Sep, 2021 | Amount | Grant - MemoryWell | 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 MemoryWell
MemoryWell has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HHS, Techstars and Innovations for Impact. 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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Founded Year | Domain | Location | |
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Early-stage technology companies are invested in by PBJ Capital.
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Founded Year | Domain | Location | |
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An early stage investment firm is operated to support 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 MemoryWell
| 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 - MemoryWell
| 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 |
Memorywell Comparisons
Competitors of MemoryWell
MemoryWell 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 The Mighty, Kynd, Yoocan, Sociability and Grapes Club, 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.
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| domain | founded_year | HQ Location |
An online platform connects individuals with disabilities for mutual support.
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| domain | founded_year | HQ Location |
Provider of an online platform connecting disabled people and support workers
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| domain | founded_year | HQ Location |
Online community platform for people with disabilities
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| domain | founded_year | HQ Location |
Online platform that provides travel guides for disabled people
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| domain | founded_year | HQ Location |
An app-based social platform designed for people with disabilities.
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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 Memorywell
Frequently Asked Questions about MemoryWell
When was MemoryWell founded?
MemoryWell was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Is MemoryWell a funded company?
MemoryWell is a funded company, having raised a total of $4.06M across 6 funding rounds to date. The company's 1st funding round was a Grant of $499.99K, raised on Apr 26, 2019.
How many employees does MemoryWell have?
As of Dec 31, 2022, the latest employee count at MemoryWell is 9.
What does MemoryWell do?
MemoryWell was founded in 2016 as an online social platform in the elderly care sector. Stories of elders are documented by users during care interactions, and collaborative timelines are constructed around these narratives. Photos, videos, letters, and documents are incorporated to enrich the archives. Operations focus on facilitating family and caregiver contributions to preserve life paths digitally.
Who are the top competitors of MemoryWell?
MemoryWell's top competitors include The Mighty, Kynd and Yoocan.
Who are MemoryWell's investors?
MemoryWell has 15 investors. Key investors include HHS, Techstars, Innovations for Impact, PBJ Capital, and Inflect Health.
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