About Mindsmith
Mindsmith is a company based in Provo (United States) founded in 2022 by Zack Allen and Ethan Webb.. Mindsmith has raised $4.69 million across 2 funding rounds from investors including Peterson Partners, Grix Venture Capital and SaaS Ventures. Mindsmith operates in a competitive market with competitors including Character.ai, Krutrim, Voiceitt, Replika and Padlet, among others.
- Headquarter Provo, United States
- Founders Zack Allen, Ethan Webb
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Sectors
EducationTechnology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.69 M (USD)
in 2 rounds
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Latest Funding Round
$4.14 M (USD), Series A
Jun 24, 2025
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Investors
Peterson Partners
& 6 more
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Employee Count
Employee Count
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Funding Insights of Mindsmith
Mindsmith has successfully raised a total of $4.69M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.14 million completed in June 2025. 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 — $4.1M
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First Round
First Round
(08 Dec 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series A - Mindsmith | Valuation |
investors |
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| Dec, 2023 | Amount | Seed - Mindsmith | Valuation | Grix Venture Capital |
| 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 Mindsmith
Mindsmith has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Peterson Partners, Grix Venture Capital and SaaS 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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Founded Year | Domain | Location | |
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Early-stage investments are provided to visionary SaaS founders.
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Founded Year | Domain | Location | |
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Seed-stage investments in US tech and offline companies are targeted.
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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 Mindsmith
| 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 - Mindsmith
| 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 |
Mindsmith Comparisons
Competitors of Mindsmith
Mindsmith 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 Character.ai, Krutrim, Voiceitt, Replika and Padlet, 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 |
AI-based conversational solutions are provided for user interactions and learning.
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| domain | founded_year | HQ Location |
AI tools and infrastructure are developed for generative applications.
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| domain | founded_year | HQ Location |
Virtual assistant tool for speech disabilities is developed and offered.
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| domain | founded_year | HQ Location |
An AI companion is developed for emotional support and conversation.
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| domain | founded_year | HQ Location |
Cloud-based whiteboarding is facilitated for collaborative content creation across devices.
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| domain | founded_year | HQ Location |
Trips are discovered, planned, and booked through an AI-powered platform.
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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 Mindsmith
When was Mindsmith founded?
Mindsmith was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Mindsmith located?
Mindsmith is headquartered in Provo, United States. It is registered at Provo, Utah, United States.
Who is the current CEO of Mindsmith?
Ethan Webb is the current CEO of Mindsmith. They have also founded this company.
Is Mindsmith a funded company?
Mindsmith is a funded company, having raised a total of $4.69M across 2 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on Dec 08, 2023.
What does Mindsmith do?
Mindsmith was founded in 2022 and is headquartered in Provo, United States. An online platform is operated to deliver AI-assisted learning solutions targeted at professionals. Services focus on educational tools that leverage artificial intelligence to support skill development and professional training. The company functions within the edtech sector, providing accessible digital resources for career advancement.
Who are the top competitors of Mindsmith?
Mindsmith's top competitors include Character.ai, Krutrim and Mindtrip.
Who are Mindsmith's investors?
Mindsmith has 7 investors. Key investors include Peterson Partners, Grix Venture Capital, SaaS Ventures, Actium Partners, and Austen Allred.