About MindSumo
MindSumo is a company based in Mountain View (United States) founded in 2011 was acquired by MBO Partners in September 2020.. MindSumo has raised $1 million across 1 funding round from investors including MBO Partners, Plug and Play Tech Center and Voyager Capital. The company has 6 employees as of December 31, 2019. MindSumo offers products and services including Challenges Platform and Idea Submission Tool. MindSumo operates in a competitive market with competitors including Hired, Vettery, OfferZen, Youth4work and Talent, among others.
- Headquarter Mountain View, United States
- Employees 6 as on 31 Dec, 2019
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mindsumo, 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
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Jun 01, 2012
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Investors
MBO Partners
& 4 more
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Employee Count
6
as on Dec 31, 2019
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Acquired by
MBO Partners
(Sep 29, 2020)
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Products & Services of MindSumo
MindSumo offers a comprehensive portfolio of products and services, including Challenges Platform and Idea Submission Tool. 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.
Platform for launching and managing innovation challenges from users.
Tool for solvers to submit and track ideas for business problems.
Unlock access to complete
Funding Insights of MindSumo
MindSumo has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in June 2012. 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 1
- Last Round Seed — $1.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Seed - MindSumo | 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 MindSumo
MindSumo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include MBO Partners, Plug and Play Tech Center and Voyager Capital. 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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Early-stage US tech investments are managed by Voyager Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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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 MindSumo
| 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 - MindSumo
| 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 |
Mindsumo Comparisons
Competitors of MindSumo
MindSumo 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 Hired, Vettery, OfferZen, Youth4work and Talent, 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 |
Pre-assessed tech candidates are matched with job opportunities online.
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| domain | founded_year | HQ Location |
Pre-assessed candidates are connected to job opportunities via online marketplace.
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| domain | founded_year | HQ Location |
Developers are sourced for tech hiring via a curated platform.
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| domain | founded_year | HQ Location |
Cloud-based platform for job assessments and employer recruitment is offered.
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| domain | founded_year | HQ Location |
Tech professionals are matched with employers via a recruitment platform.
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| domain | founded_year | HQ Location |
Pre-vetted entry-level candidates are sourced for organizations using analytics.
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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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Frequently Asked Questions about MindSumo
When was MindSumo founded?
MindSumo was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is MindSumo located?
MindSumo is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is MindSumo a funded company?
MindSumo is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Jun 01, 2012.
How many employees does MindSumo have?
As of Dec 31, 2019, the latest employee count at MindSumo is 6.
What does MindSumo do?
Founded in 2011 and based in Mountain View, United States, MindSumo operates as an online marketplace in the recruitment and education sector. College students from over 2,600 schools participate in real-world challenges posted by companies, solving problems to earn cash prizes totaling 6.05 million as of November 2015. Recruiters such as Microsoft, Facebook, IBM, AOL, and John Deere access innovative ideas and evaluate candidates based on submitted work samples.
Who are the top competitors of MindSumo?
What products or services does MindSumo offer?
MindSumo offers Challenges Platform and Idea Submission Tool.
Who are MindSumo's investors?
MindSumo has 5 investors. Key investors include MBO Partners, Plug and Play Tech Center, Voyager Capital, DCVC, and Google Ventures.