About Picniic
Picniic is a company based in Vancouver (Canada) founded in 2015 by Ivan Tung and Michael Cole. It operates as a B2C. Picniic has raised $2 million across 1 funding round from investors including Telenor. Picniic operates in a competitive market with competitors including Cozi, Share(d), Family Wall, Kinzoo and Hearth Display, among others.
- Headquarter Vancouver, Canada
- Founders Ivan Tung, Michael Cole
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Sectors
Technology
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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
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Sep 26, 2017
- Investors
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Employee Count
Employee Count
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Funding Insights of Picniic
Picniic has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in September 2017. 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 — $2.0M
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First Round
First Round
(26 Sep 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Seed - Picniic | 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 Picniic
Picniic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Telenor. 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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Voice, data, broadband internet, and television services are provided worldwide.
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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 Picniic
| 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 - Picniic
| 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 |
Picniic Comparisons
Competitors of Picniic
Picniic 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 Cozi, Share(d), Family Wall, Kinzoo and Hearth Display, 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 |
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| domain | founded_year | HQ Location |
Family organizer app is provided for shared calendars and lists.
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| domain | founded_year | HQ Location |
Provider of a cloud-based family organiser app
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| domain | founded_year | HQ Location |
Family communication and organization are facilitated via a SaaS app.
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| domain | founded_year | HQ Location |
Provides secure messaging, video calls, and creative tools for children and families.
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| domain | founded_year | HQ Location |
Family organizer platform provided for household coordination and tracking.
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| domain | founded_year | HQ Location |
Provides a comprehensive to-do list app designed for family organization.
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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 Picniic
Frequently Asked Questions about Picniic
When was Picniic founded?
Picniic was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Picniic located?
Picniic is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Picniic?
Michael Cole is the current CEO of Picniic. They have also founded this company.
Is Picniic a funded company?
Picniic is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Sep 26, 2017.
What does Picniic do?
Picniic a comprehensive app designed to organize and manage family activities, focusing on leveraging cutting-edge technology, productivity software, family management, and organization apps. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Picniic?
Picniic's top competitors include Cozi, Family Wall and Share(d).
Who are Picniic's investors?
Picniic has 1 investor. Key investors include Telenor.
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