About Paltalk
Paltalk is a company based in New York (United States) founded in 1998.. Paltalk has raised $6 million across 1 funding round from investors including SoftBank. Paltalk has completed 3 acquisitions, including Easy To Send, Tiny Media and Vumber. Paltalk operates in a competitive market with competitors including HyperConnect, OmeTV, BuzzCast, Holla and ChatSpin, among others.
- Headquarter New York, United States
- Stage Public
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
$10.98 M0as on Dec 31, 2023
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Net Profit
$-1.07 M69as on Dec 31, 2023
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EBITDA
$-2.07 M43as on Dec 31, 2023
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Apr 01, 2004
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Easy To Send
& 2 more
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Funding Insights of Paltalk
Paltalk has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in April 2004. 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 Series A — $6.0M
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First Round
First Round
(01 Apr 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2004 | Amount | Series A - Paltalk | Valuation | SoftBank Capital |
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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 Paltalk
Paltalk has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SoftBank. 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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PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
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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 Paltalk
Paltalk has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Easy To Send, Tiny Media and Vumber. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based video chat for up to 12 users is provided.
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2009 | ||||
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Virtual numbers are provided to US businesses as second lines.
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2007 | ||||
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Provider of software development services
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Paltalk
| 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 |
Paltalk Comparisons
Competitors of Paltalk
Paltalk 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 HyperConnect, OmeTV, BuzzCast, Holla and ChatSpin, 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 |
Cloud-based platforms for mobile communication and social entertainment are offered.
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| domain | founded_year | HQ Location |
Free random video chat platform connecting users worldwide via webcam instantly.
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| domain | founded_year | HQ Location |
Social community platform is provided for peer one-to-one chats.
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| domain | founded_year | HQ Location |
Mobile video chats with strangers are matched and facilitated.
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| domain | founded_year | HQ Location |
Offers a mobile application for seamless video chatting and social connections.
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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 Paltalk
Frequently Asked Questions about Paltalk
When was Paltalk founded?
Paltalk was founded in 1998 and raised its 1st funding round 6 years after it was founded.
Where is Paltalk located?
Paltalk is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Paltalk a funded company?
Paltalk is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Apr 01, 2004.
What is the annual revenue of Paltalk?
Annual revenue of Paltalk is $10.98M as on Dec 31, 2023.
What does Paltalk do?
Founded in 1998 and based in New York, United States, Paltalk operates in the communications sector. Group video, audio, and text chat services are provided for consumers and businesses via PC, browser, mobile, and tablet devices. Virtual communities are hosted, supporting thousands of simultaneous real-time conversations focused on topics, interests, content, and culture through many-to-many interactions.
Who are the top competitors of Paltalk?
Paltalk's top competitors include BuzzCast, HyperConnect and Holla.
How many acquisitions has Paltalk made?
Paltalk has made 3 acquisitions, including Easy To Send, Tiny Media, and Vumber.
Who are Paltalk's investors?
Paltalk has 1 investor. Key investors include SoftBank.
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