About Monetate
Monetate is a company based in Philadelphia (United States) founded in 2008 by David Brussin was acquired by Kibo in October 2019.. Monetate has raised $43.88 million across 5 funding rounds from investors including Kibo Commerce, OpenView and Commonfund. The company has 87 employees as of December 31, 2022. Monetate has completed 1 acquisition, including SiteSpect. Monetate operates in a competitive market with competitors including Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, among others.
- Headquarter Philadelphia, United States
- Employees 87 as on 31 Dec, 2022
- Founders David Brussin
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Sectors
TechnologyRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Monetate, 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
$43.88 M (USD)
in 5 rounds
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Latest Funding Round
$8 M (USD), Series C
Dec 05, 2013
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Investors
Kibo Commerce
& 5 more
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Employee Count
87
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Kibo
(Oct 10, 2019)
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Funding Insights of Monetate
Monetate has successfully raised a total of $43.88M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $8 million completed in December 2013. 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 5
- Last Round Series C — $8.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series C - Monetate | Valuation |
investors |
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| Feb, 2013 | Amount | Series C - Monetate | Valuation |
investors |
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| Aug, 2011 | Amount | Series B - Monetate | Valuation | OpenView |
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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 Monetate
Monetate has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Kibo Commerce, OpenView and Commonfund. 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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US expansion-stage companies are invested in by OpenView.
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Founded Year | Domain | Location | |
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Private fund focused on equity, secondary market, and fund of funds investments
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Founded Year | Domain | Location | |
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Lead Edge Capital is focused on growth equity investments in technology.
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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 Monetate
Monetate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SiteSpect. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Products are managed from ideation to feedback via SiteSpect's platform.
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2004 |
| 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 - Monetate
| 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 |
Monetate Comparisons
Competitors of Monetate
Monetate 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 Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, 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 |
SaaS email marketing solutions are offered to e-commerce businesses.
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| domain | founded_year | HQ Location |
API-based enterprise commerce and content management platform is delivered.
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| domain | founded_year | HQ Location |
AI platform for retail ecommerce management and optimization is provided.
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| domain | founded_year | HQ Location |
Marketing solutions for e-commerce businesses are provided by Bango.
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| domain | founded_year | HQ Location |
Cloud-based marketing platform for e-tailers
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| domain | founded_year | HQ Location |
Personalized product recommendations are delivered via SaaS to online retailers.
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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 Monetate
Frequently Asked Questions about Monetate
When was Monetate founded?
Monetate was founded in 2008.
Where is Monetate located?
Monetate is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Monetate?
Steve Maher is the current CEO of Monetate.
Is Monetate a funded company?
Monetate is a funded company, having raised a total of $43.88M across 5 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jun 01, 2008.
How many employees does Monetate have?
As of Dec 31, 2022, the latest employee count at Monetate is 87.
What does Monetate do?
Monetate was founded in 2008 and is headquartered in Philadelphia, United States. The platform operates in the personalization technology sector, enabling businesses to target consumers through a dashboard based on factors such as geographic location and weather. Services include AB testing, AI-driven personalization, and patented technologies that support individualized experiences. These features are designed to enhance user engagement, conversions, and customer lifetime value.
Who are the top competitors of Monetate?
Monetate's top competitors include Klaviyo, CommerceIQ and Yotpo.
How many acquisitions has Monetate made?
Monetate has made 1 acquisition, including SiteSpect.
Who are Monetate's investors?
Monetate has 6 investors. Key investors include Kibo Commerce, OpenView, Commonfund, Lead Edge Capital, and First Round Capital.
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