About MyFavorito
MyFavorito is a company based in Erfurt (Germany) founded in 2015 by Mark Schlenzig.. MyFavorito has raised $150 thousand across 1 funding round from investors including 500 Global. MyFavorito operates in a competitive market with competitors including Blocksport, OneTwoSee, DROPIT, CrowdPlay and Sportswik, among others.
- Headquarter Erfurt, Germany
- Founders Mark Schlenzig
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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
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Net Profit
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EBITDA
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Total Equity Funding
$150 K (USD)
in 1 rounds
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Latest Funding Round
$150 K (USD), Seed
Nov 17, 2016
- Investors
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Employee Count
Employee Count
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Funding Insights of MyFavorito
MyFavorito has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in November 2016. 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 — $150,000
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First Round
First Round
(17 Nov 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Seed - MyFavorito | Valuation | 500 Global |
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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 MyFavorito
MyFavorito has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 500 Global. 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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Venture capital and acceleration are provided to tech 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 MyFavorito
| 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 - MyFavorito
| 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 |
Myfavorito Comparisons
Competitors of MyFavorito
MyFavorito 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 Blocksport, OneTwoSee, DROPIT, CrowdPlay and Sportswik, 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 |
White label social platforms are offered to sports clubs.
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| domain | founded_year | HQ Location |
Interactive TV technologies are developed for real-time fan engagement.
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| domain | founded_year | HQ Location |
Provider of an online digital sports fan engagement platform
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| domain | founded_year | HQ Location |
Real-time fan engagement platform for sports properties is provided.
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| domain | founded_year | HQ Location |
Provider of a social networking platform for football teams
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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 MyFavorito
When was MyFavorito founded?
MyFavorito was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is MyFavorito located?
MyFavorito is headquartered in Erfurt, Germany. It is registered at Erfurt, Thuringen, Germany.
Is MyFavorito a funded company?
MyFavorito is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Nov 17, 2016.
What does MyFavorito do?
MyFavorito was established in 2015 in Erfurt, Germany, as an online platform in the sports technology sector. Connections between users and sports clubs are supported through CRM tools and fan engagement features. An accompanying app, available on Android and iOS, allows scanning of action codes, video viewing, sponsor following, cash receipt uploads, loyalty point collection, reward redemptions, and participation in instant prize draws.
Who are the top competitors of MyFavorito?
MyFavorito's top competitors include Blocksport, OneTwoSee and DROPIT.
Who are MyFavorito's investors?
MyFavorito has 1 investor. Key investors include 500 Global.