About NorthOne
NorthOne is a company based in Toronto (Canada) founded in 2016 by Justin Adler and Eytan Bensoussan.. NorthOne has raised $90 million across 3 funding rounds from investors including Tencent, Battery Ventures and Redpoint Ventures. NorthOne operates in a competitive market with competitors including Brex, BlueVine, Tide, Mercury and Novo, among others.
- Headquarter Toronto, Canada
- Founders Justin Adler, Eytan Bensoussan
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Sectors
Financial Services
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Email
***********
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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
$90 M (USD)
in 3 rounds
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Latest Funding Round
$67 M (USD), Series B
Oct 13, 2022
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Investors
Tencent
& 11 more
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Employee Count
Employee Count
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Funding Insights of NorthOne
NorthOne has successfully raised a total of $90M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $67 million completed in October 2022. 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 Series B — $67.0M
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First Round
First Round
(23 May 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - NorthOne | Valuation | Ferst Capital Partners , FinTLV | |
| Mar, 2020 | Amount | Series A - NorthOne | Valuation | Battery Ventures | |
| May, 2018 | Amount | Seed - NorthOne | 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 NorthOne
NorthOne has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Tencent, Battery Ventures and Redpoint 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Portfolio investment services are offered by Ferst Capital Partners.
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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 NorthOne
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - NorthOne
| 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 |
Northone Comparisons
Competitors of NorthOne
NorthOne 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 Brex, BlueVine, Tide, Mercury and Novo, 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 |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
Online business banking and financial workflow tools are provided.
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| domain | founded_year | HQ Location |
Casino sites are evaluated and reviewed by Novo.
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| domain | founded_year | HQ Location |
Accounting and bookkeeping solutions are provided for small businesses.
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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 Northone
Frequently Asked Questions about NorthOne
When was NorthOne founded?
NorthOne was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is NorthOne located?
NorthOne is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of NorthOne?
Eytan Bensoussan is the current CEO of NorthOne. They have also founded this company.
Is NorthOne a funded company?
NorthOne is a funded company, having raised a total of $90M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 23, 2018.
What does NorthOne do?
NorthOne was founded in 2016 in Toronto, Canada, and operates in the fintech sector. Business banking accounts, NFC-enabled prepaid cards, bill payments, and money transfers are offered to users. Account details, transaction histories, and reports can be accessed via the application. Integration with other business tools is enabled through APIs, supporting operations for small and medium-sized enterprises across North America.
Who are NorthOne's investors?
NorthOne has 12 investors. Key investors include Tencent, Battery Ventures, Redpoint Ventures, Tom Williams, and Ferst Capital Partners.
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