About NearGroup
NearGroup is a company based in San Mateo (United States) founded in 2015. NearGroup has raised $1.6 million across 3 funding rounds from investors including Facebook, OpenOcean and Neotribe. NearGroup operates in a competitive market with competitors including Tinder, Aisle, flutrr, Public Next and Woo, among others.
- Headquarter San Mateo, United States
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Sectors
Media & EntertainmentConsumer
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Neargroup Services Private Limited
- Date of Incorporation 08 Sep, 2017
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$134.05 K (USD)10as on Mar 31, 2020
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Net Profit
$10.02 K (USD)1.44as on Mar 31, 2020
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EBITDA
$17.17 K (USD)24.27as on Mar 31, 2020
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Total Equity Funding
$1.6 M (USD)
in 3 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Oct 05, 2017
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Investors
Facebook
& 3 more
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Employee Count
Not available
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People of NearGroup
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Funding Insights of NearGroup
NearGroup has successfully raised a total of $1.6M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.6 million completed in October 2017. 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.
Investors in NearGroup
NearGroup has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Facebook, OpenOcean and Neotribe.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by OpenOcean venture capital fund.
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Venture capital firm focused on tech sectors
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Investing in Deep Tech and emerging technologies for 12 years.
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Investor details for NearGroup
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Investments & Acquisitions by NearGroup
Investment portfolio details for NearGroup
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Financial Statements - NearGroup
Detailed financials for NearGroup
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Neargroup Comparisons
Peer comparison for NearGroup
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Competitors of NearGroup
NearGroup 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 Tinder, Aisle, flutrr, Public Next and Woo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Proximity-based online dating and matchmaking are facilitated through mobile swiping.
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South Asian singles are matched through a mobile dating app.
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| Locked | Locked | Locked |
Provider of content sharing and online dating platform
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Kannada-language online news and information are provided across categories.
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Anonymous profiles for job preferences are created by users.
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Detailed competitors of NearGroup
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Latest news on Neargroup
Complete news archive for NearGroup
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Frequently Asked Questions about NearGroup
NearGroup was founded in 2015 and raised its 1st funding round 2 years after it was founded.
NearGroup is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
NearGroup is a funded company, having raised a total of $1.6M across 3 funding rounds to date.
Annual revenue of NearGroup is $134.05K as on Mar 31, 2020.
NearGroup was founded in 2015 in San Mateo, United States, within the social networking sector. A hyperlocal application for proximity-based dating and connections is offered, enabling users to install it or integrate with messengers. Nearby members are linked based on location data, with artificial intelligence employed for automation and matching processes. Operations focus on location-driven interactions across the United States.