nate

New York, United States Founded: 2018 • Age: 8 yrs
Multi-category products are retailed via a mobile app platform.
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About nate

nate is a company based in New York (United States) founded in 2018.. nate has raised $38 million across 2 funding rounds from investors including Canaan, Renegade Partners and Forerunner Ventures. The company has 114 employees as of January 31, 2022. nate offers products and services including Nate App, Gifting Service, and Sharing Tool. nate operates in a competitive market with competitors including Sezzle, Naya Collection, National Credit Direct, Shop by Voice and Commersational, among others.

  • Headquarter New York, United States
  • Employees 114 as on 31 Jan, 2022
  • Sectors
    Technology
    Retail
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Nate Tech Limited
Operational Areas
Technology → Artificial Intelligence & Machine Learning → →
Technology → Marketing, Adtech & Commerce Technology → →
Retail → E-Commerce Technology & Services → →
Retail → E-Commerce Platforms & Marketplaces → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $38 M (USD)

    in 2 rounds

  • Latest Funding Round
    $38 M (USD), Series A

    Jun 17, 2021

  • Investors
    Canaan

    & 4 more

  • Employee Count
    114

    as on Jan 31, 2022

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Products & Services of nate

nate offers a comprehensive portfolio of products and services, including Nate App, Gifting Service, and Sharing 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.

Primary

Mobile app for online shopping and secure transactions.

Feature to send gifts via text without addresses.

Tool for curating and sharing shopping inspirations.

Funding Insights of nate

nate has successfully raised a total of $38M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $38 million completed in June 2021. 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 Rounds 2
  • Last Round Series A — $38.0M
  • First Round
  • Investors Count 5
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2021 Amount Series A - nate Valuation Renegade Partners
Forerunner Ventures , Coatue
Jun, 2020 Amount Seed - nate Valuation Laura Chau
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in nate

nate has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Canaan, Renegade Partners and Forerunner 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.

All
Venture Fund
Angel
Investor Description Founded Year Domain Location
Renegade Partners
Venture capital firm focused on multiple sectors
Founded Year Domain Location
Forerunner Ventures
Early-stage investments are directed toward tech startups by Forerunner Ventures.
Founded Year Domain Location
Coatue
Provider of an investment platform for various stages
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by nate

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - nate

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Nate Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of nate

nate 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 Sezzle, Naya Collection, National Credit Direct, Shop by Voice and Commersational, 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
Sezzle
domain founded_year HQ Location
Point-of-sale financing is enabled for installment purchases at partnered retailers.
Naya Collection
domain founded_year HQ Location
Provides web hosting, website migration, and application installation tools.
National Credit Direct
domain founded_year HQ Location
Online retailer offering financed sales of electronics, furniture, and home goods.
Shop by Voice
domain founded_year HQ Location
Features a voice-enabled e-commerce application for seamless online shopping.
Commersational
domain founded_year HQ Location
Platform enables local vendors to buy and sell items via chat for seamless transactions.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Nate

Shopping App Nate, FinTech Rapyd Team on eCommerce Platform
Pymnts • 4 years ago
Shopping app Nate grabs $38m Series A
Venturecapitaljournal • 4 years ago

Frequently Asked Questions about nate

When was nate founded?

nate was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is nate located?

nate is headquartered in New York, United States. It is registered at New York, New York, United States.

Is nate a funded company?

nate is a funded company, having raised a total of $38M across 2 funding rounds to date.

How many employees does nate have?

As of Jan 31, 2022, the latest employee count at nate is 114.

What does nate do?

The company was founded in 2018 and is headquartered in New York, United States. Operations are conducted in the e-commerce sector through a mobile app that provides access to a diverse product range, including apparel, accessories, footwear, beauty items, electronics, toys, and sports gear. Purchase financing options are offered, along with product search functionality using photos. The app is available exclusively for iOS devices.

Who are the top competitors of nate?

nate's top competitors include Sezzle, Naya Collection and National Credit Direct.

What products or services does nate offer?

nate offers Nate App, Gifting Service, and Sharing Tool.

Who are nate's investors?

nate has 5 investors. Key investors include Canaan, Renegade Partners, Forerunner Ventures, Coatue, and Laura Chau.

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