About Paloma
Paloma is a company based in New York (United States) founded in 2017 by Kelsey Hunter. It operates as a SaaS (Software-as-a-Service), and Commission-Based. Paloma has raised $5.01 million across 3 funding rounds from investors including Laconia Capital Group, Philip Krim and David Heath. Paloma offers products and services including Paloma Platform. Paloma operates in a competitive market with competitors including BusinessOnBot, Windo, Bikayi, DoubleTick and Amaze, among others.
- Headquarter New York, United States
- Founders Kelsey Hunter
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paloma Works Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.01 M (USD)
in 3 rounds
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Latest Funding Round
$4.15 M (USD), Seed
Jun 02, 2021
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Investors
Laconia Capital Group
& 3 more
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Employee Count
Employee Count
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Products & Services of Paloma
Paloma offers a comprehensive portfolio of products and services, including Paloma Platform. 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.
An instant checkout platform for Instagram sales.
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Funding Insights of Paloma
Paloma has successfully raised a total of $5.01M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4.15 million completed in June 2021. 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 — $4.1M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Paloma | Valuation | Laconia | |
| Apr, 2018 | Amount | Seed - Paloma | Valuation |
investors |
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| Apr, 2018 | Amount | Seed - Paloma | Valuation | Brooklyn Bridge 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 Paloma
Paloma has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Laconia Capital Group, Philip Krim and David Heath. 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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Seed-stage funding is provided to US tech companies by Laconia.
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Founded Year | Domain | Location | |
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Seed-stage VC micro firm investing in the US
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Founded Year | Domain | Location | |
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PK
Philip Krim |
Co-founder & CEO of Casper, prominent angel investor in consumer tech.
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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 Paloma
| 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 - Paloma
| 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 |
Paloma Comparisons
Competitors of Paloma
Paloma 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 BusinessOnBot, Windo, Bikayi, DoubleTick and Amaze, 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.
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E-commerce platform is provided for social businesses' needs.
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Platform for businesses to manage WhatsApp communications, broadcasts, and integrations.
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SaaS-based mobile storefront solutions are provided for e-commerce businesses.
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Offers WhatsApp CRM, online stores, and tools for business customer interactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Paloma
Frequently Asked Questions about Paloma
When was Paloma founded?
Paloma was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Paloma located?
Paloma is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Paloma a funded company?
Paloma is a funded company, having raised a total of $5.01M across 3 funding rounds to date.
What does Paloma do?
Paloma is established as a platform facilitating instant checkout for Instagram sales. It operates within the social commerce sector, offering solutions for live, story, and feed sales on Instagram and other platforms like Facebook. Sellers are supported with inventory management, secure payment processing, and order fulfillment tools. Features such as claim and bid tracking, invoice automation, and performance monitoring are provided to enhance seller efficiency and customer experience across multiple sales channels.
Who are the top competitors of Paloma?
Paloma's top competitors include BusinessOnBot, Windo and Bikayi.
What products or services does Paloma offer?
Paloma offers Paloma Platform.
Who are Paloma's investors?
Paloma has 4 investors. Key investors include Laconia Capital Group, Philip Krim, David Heath, and Brooklyn Bridge Ventures.
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