About nmbr
nmbr is a company based in Toronto (Canada) founded in 2023.. nmbr has raised $5.61 million across 1 funding round from investors including Panache Ventures, Golden Ventures and Motivate Venture Capital. nmbr offers products and services including Payroll Engine and API Infrastructure. nmbr operates in a competitive market with competitors including Azets, XTM, Wage, Perquest and Resourcing Edge, among others.
- Headquarter Toronto, Canada
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Sectors
Business Services
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Phone
*********
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Website
*********
- Legal Name The Nmbr Company Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.61 M (USD)
in 1 rounds
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Latest Funding Round
$5.61 M (USD), Seed
Sep 24, 2024
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Investors
Panache Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of nmbr
nmbr offers a comprehensive portfolio of products and services, including Payroll Engine and API Infrastructure. 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.
Infrastructure for launching payroll products quickly
Platform for integrating payroll into software applications
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Funding Insights of nmbr
nmbr has successfully raised a total of $5.61M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.61 million completed in September 2024. 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 — $5.6M
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First Round
First Round
(24 Sep 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - nmbr | Valuation | Panache Ventures , Golden Ventures |
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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 nmbr
nmbr has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Panache Ventures, Golden Ventures and Motivate Venture Capital. 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 firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Seed-stage investments are directed toward North American startups.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in B2B & B2C 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 nmbr
| 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 - nmbr
| 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 |
Nmbr Comparisons
Competitors of nmbr
nmbr 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 Azets, XTM, Wage, Perquest and Resourcing Edge, 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 |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
On-demand payment solutions are provided for service industry businesses.
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| domain | founded_year | HQ Location |
Payroll management services are provided to businesses.
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| domain | founded_year | HQ Location |
Functions as an online firm providing payroll and HR services.
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| domain | founded_year | HQ Location |
Human capital management solutions are delivered to enterprises.
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| domain | founded_year | HQ Location |
RPA consulting, implementation, and delivery services are offered by Norian.
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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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Latest news on Nmbr
Frequently Asked Questions about nmbr
When was nmbr founded?
nmbr was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is nmbr located?
nmbr is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is nmbr a funded company?
nmbr is a funded company, having raised a total of $5.61M across 1 funding round to date. The company's 1st funding round was a Seed of $5.61M, raised on Sep 24, 2024.
What does nmbr do?
nmbr was established in 2023 in Toronto, Canada, within the human resources technology sector. Payroll processing and compliance solutions are offered to support companies in managing employee payments and regulatory requirements. Operations are centered on digital tools for efficient payroll administration, with a primary focus on the Canadian market. Services include automated calculations, tax filings, and reporting features tailored for small to medium-sized enterprises.
What products or services does nmbr offer?
nmbr offers Payroll Engine and API Infrastructure.
Who are nmbr's investors?
nmbr has 4 investors. Key investors include Panache Ventures, Golden Ventures, Motivate Venture Capital, and Luge Capital.
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