About Nearbuy Systems
Nearbuy Systems is a company based in San Mateo (United States) founded in 2010 was acquired by RetailNext in December 2013.. Nearbuy Systems has raised $3.28 million across 3 funding rounds from investors including Motorola Mobility, RetailNext and Compound. Nearbuy Systems operates in a competitive market with competitors including Purple, Turnstyle, AreaMetrics, Zhima Tech and Locarise, among others.
- Headquarter San Mateo, United States
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Sectors
RetailTechnology
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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
$3.28 M (USD)
in 3 rounds
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Latest Funding Round
$750 K (USD), Seed
Nov 23, 2012
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Investors
Motorola Mobility
& 3 more
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Employee Count
Employee Count
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Acquired by
RetailNext
(Dec 03, 2013)
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Funding Insights of Nearbuy Systems
Nearbuy Systems has successfully raised a total of $3.28M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $750 thousand completed in November 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 3
- Last Round Seed — $749,999
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First Round
First Round
(06 Jun 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2012 | Amount | Seed - Nearbuy Systems | Valuation |
investors |
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| Jan, 2012 | Amount | Seed - Nearbuy Systems | Valuation | Compound |
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| Jun, 2011 | Amount | Seed - Nearbuy Systems | Valuation | Innovation Endeavors , Motorola Mobility |
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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 Nearbuy Systems
Nearbuy Systems has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Motorola Mobility, RetailNext and Compound. 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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Compound is recognized as a thesis-driven investment firm.
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Founded Year | Domain | Location | |
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Early-stage technology investments are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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Mobile devices, cases, tablets, and screen protectors are offered online.
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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 Nearbuy Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Nearbuy Systems
| 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 |
Nearbuy Systems Comparisons
Competitors of Nearbuy Systems
Nearbuy Systems 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 Purple, Turnstyle, AreaMetrics, Zhima Tech and Locarise, 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 |
Wi-Fi-based in-store analytics solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
Customer analytics and location-based marketing are delivered via WiFi connections.
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| domain | founded_year | HQ Location |
Analytics solutions for consumer insights are delivered via segmentation platforms.
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| domain | founded_year | HQ Location |
In-store analytics are delivered via Wi-Fi detection devices for retailers.
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| domain | founded_year | HQ Location |
Retail analytics are provided for in-store traffic and customer insights.
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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 Nearbuy Systems
When was Nearbuy Systems founded?
Nearbuy Systems was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Nearbuy Systems located?
Nearbuy Systems is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Nearbuy Systems a funded company?
Nearbuy Systems is a funded company, having raised a total of $3.28M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 06, 2011.
What does Nearbuy Systems do?
Nearbuy Systems was founded in 2010 in San Mateo, United States, within the in-store mobile commerce sector. A multi-channel SaaS platform is provided to leverage existing Wi-Fi for opt-in guest access, allowing offline retailers to track omnichannel shopper behavior and deliver in-store influences. The company was acquired by RetailNext in December 2013 through an all-stock transaction.
Who are the top competitors of Nearbuy Systems?
Nearbuy Systems's top competitors include Purple, AreaMetrics and Turnstyle.
Who are Nearbuy Systems's investors?
Nearbuy Systems has 4 investors. Key investors include Motorola Mobility, RetailNext, Compound, and Innovation Endeavors.