About Passes
Passes is a company based in Miami (United States) founded in 2022.. Passes has raised $66.57 million across 3 funding rounds from investors including Multicoin Capital, Jens Grede and Crossbeam. Passes has completed 1 acquisition, including Fanhouse. Passes offers products and services including Paid Direct Messages, Livestreaming, Group Chats, and Marketplace. Passes operates in a competitive market with competitors including Rigi, Catch+Release, ReDesyn, TipTip and TagMango, among others.
- Headquarter Miami, United States
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Passes Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66.57 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series A
Feb 29, 2024
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Investors
Multicoin Capital
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Passes
Passes offers a comprehensive portfolio of products and services, including Paid Direct Messages, Livestreaming, Group Chats, and Marketplace. 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.
Enables one-on-one chats with fans for revenue through locked media.
Facilitates real-time fan interactions and earnings via tips.
Allows creators to connect with multiple fans for discussions.
Platform for selling merchandise and digital content directly.
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Funding Insights of Passes
Passes has successfully raised a total of $66.57M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $40 million completed in February 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 3
- Last Round Series A — $40.0M
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First Round
First Round
(29 Apr 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Passes | Valuation | Bond Capital | |
| Jul, 2023 | Amount | Seed - Passes | Valuation | Multicoin Capital | |
| Apr, 2022 | Amount | Seed - Passes | Valuation |
investors |
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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 Passes
Passes has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Multicoin Capital, Jens Grede and Crossbeam. 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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Early-stage investments are directed toward financial services and novel sectors.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Bond Capital.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to early-stage tech 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 Passes
Passes has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fanhouse. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Interest-based social platform where rewards are provided to creators.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 |
Financial Statements - Passes
| 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 |
Passes Comparisons
Competitors of Passes
Passes 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 Rigi, Catch+Release, ReDesyn, TipTip and TagMango, 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 |
Platform offering to create & sell online courses
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| domain | founded_year | HQ Location |
User-generated content is licensed to brands through an online platform.
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| domain | founded_year | HQ Location |
Creators are enabled to monetize content and partner with brands.
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| domain | founded_year | HQ Location |
Content creators are enabled to monetize via a social platform.
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| domain | founded_year | HQ Location |
Personalized video messages and calls from celebrities are provided online.
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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 Passes
Frequently Asked Questions about Passes
When was Passes founded?
Passes was founded in 2022.
Where is Passes located?
Passes is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Passes?
Lucy Guo is the current CEO of Passes.
Is Passes a funded company?
Passes is a funded company, having raised a total of $66.57M across 3 funding rounds to date. The company's 1st funding round was a Seed of $17.57M, raised on Apr 29, 2022.
What does Passes do?
Passes was founded in 2022 in Miami, United States, as a social platform focused on monetization for content creators. Users are allowed to create accounts on the website, where revenue is generated through content production. Custom AI images are also enabled for generation by participants. Operations center on facilitating creator earnings within the digital content sector.
Who are the top competitors of Passes?
Passes's top competitors include Rigi, Catch+Release and TagMango.
What products or services does Passes offer?
Passes offers Paid Direct Messages, Livestreaming, Group Chats, and Marketplace.
How many acquisitions has Passes made?
Passes has made 1 acquisition, including Fanhouse.
Who are Passes's investors?
Passes has 13 investors. Key investors include Multicoin Capital, Jens Grede, Crossbeam, Michael Ovitz, and Emma Grede.
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