About Nimbit
Nimbit is a company based in Framingham (United States) founded in 2004 was acquired by PreSonus Audio Electronics in July 2012.. Nimbit has raised $3.44 million across 4 funding rounds from investors including PreSonus Audio Electronics, Vocal Remover and Hub Angels. Nimbit operates in a competitive market with competitors including Song Kick, Accesso, Explara, SquadUP and Veeps, among others.
- Headquarter Framingham, United States
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Sectors
TechnologyMedia & Entertainment
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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
$3.44 M (USD)
in 4 rounds
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Latest Funding Round
$1.25 M (USD), Series A
Mar 10, 2011
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Investors
PreSonus Audio Electronics
& 3 more
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Employee Count
Employee Count
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Acquired by
PreSonus Audio Electronics
(Jul 11, 2012)
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Funding Insights of Nimbit
Nimbit has successfully raised a total of $3.44M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.25 million completed in March 2011. 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 4
- Last Round Series A — $1.2M
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First Round
First Round
(01 May 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Series A - Nimbit | Valuation | Hub Angels | |
| Feb, 2010 | Amount | Seed - Nimbit | Valuation |
investors |
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| Mar, 2009 | Amount | Seed - Nimbit | Valuation |
investors |
| 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 Nimbit
Nimbit has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include PreSonus Audio Electronics, Vocal Remover and Hub Angels. 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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An online service for removing vocals from music tracks is provided.
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Founded Year | Domain | Location | |
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Angel Network for companies based in Boston
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Founded Year | Domain | Location | |
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Early stage investment fund is managed for innovative ventures.
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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 Nimbit
| 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 - Nimbit
| 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 |
Nimbit Comparisons
Competitors of Nimbit
Nimbit 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 Song Kick, Accesso, Explara, SquadUP and Veeps, 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 |
An online marketplace for concert tickets is facilitated.
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| domain | founded_year | HQ Location |
Virtual queuing and ticketing solutions are provided for event organizers.
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| domain | founded_year | HQ Location |
Online event discovery, ticketing, and registration services are facilitated.
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| domain | founded_year | HQ Location |
Web and mobile event ticketing and management solutions are provided.
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| domain | founded_year | HQ Location |
Live streaming music concerts are offered via an online marketplace.
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| domain | founded_year | HQ Location |
White label ticketing software is provided for event organizers.
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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 Nimbit
When was Nimbit founded?
Nimbit was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Nimbit located?
Nimbit is headquartered in Framingham, United States. It is registered at Framingham, Massachusetts, United States.
Is Nimbit a funded company?
Nimbit is a funded company, having raised a total of $3.44M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 01, 2006.
What does Nimbit do?
Nimbit was founded in 2004 and is headquartered in Framingham, United States. A platform is offered to independent artists, labels, managers, educators, houses of worship, and venues for fan management, email marketing, music and merchandise sales, event ticketing, and fundraising. Physical products such as CDs, DVDs, t-shirts, and vinyl are distributed directly to fans, alongside e-tickets, clothing, and premium bundles. Operations focus on the music and entertainment sector.
Who are the top competitors of Nimbit?
Who are Nimbit's investors?
Nimbit has 4 investors. Key investors include PreSonus Audio Electronics, Vocal Remover, Hub Angels, and Rose Tech Ventures.