About Place Technology
Place Technology is a company based in Austin (United States) founded in 2018.. Place Technology has raised $8.93 million across 5 funding rounds from investors including Geekdom Fund and 7BC Venture Capital. The company has 8 employees as of December 31, 2022. Place Technology operates in a competitive market with competitors including Brightflow AI, Centage, Causal, Up and Board, among others.
- Headquarter Austin, United States
- Employees 8 as on 31 Dec, 2022
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Sectors
Technology
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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
$8.93 M (USD)
in 5 rounds
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Latest Funding Round
$175 K (USD), Series A
Dec 27, 2022
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Investors
Geekdom Fund
& 1 more
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Employee Count
8
as on Dec 31, 2022
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Sales and Marketing
5 people
Software Development Team
4 people
QA Team
2 people
Founder Team
1 people
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Funding Insights of Place Technology
Place Technology has successfully raised a total of $8.93M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $175 thousand completed in December 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 5
- Last Round Series A — $175,000
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First Round
First Round
(15 Oct 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Place Technology | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - Place Technology | Valuation | Geekdom Fund | |
| Jun, 2021 | Amount | Seed - Place Technology | 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 Place Technology
Place Technology has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Geekdom Fund and 7BC Venture Capital. 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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Venture capital funding is provided to early-stage startups.
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Founded Year | Domain | Location | |
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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 Place Technology
| 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 - Place Technology
| 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 |
Place Technology Comparisons
Competitors of Place Technology
Place Technology 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 Brightflow AI, Centage, Causal, Up and Board, 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 AI-driven cash flow forecasting is offered for businesses.
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| domain | founded_year | HQ Location |
Budgeting and planning software solutions for small to medium sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and predictive analytics are offered to businesses.
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| domain | founded_year | HQ Location |
Up is recognized as a digital banking platform in Australia.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analysis and budgeting solutions for enterprises
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| domain | founded_year | HQ Location |
Money management tools are offered via an app for individuals.
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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 Place Technology
Frequently Asked Questions about Place Technology
When was Place Technology founded?
Place Technology was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Place Technology located?
Place Technology is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Place Technology a funded company?
Place Technology is a funded company, having raised a total of $8.93M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Oct 15, 2019.
How many employees does Place Technology have?
As of Dec 31, 2022, the latest employee count at Place Technology is 8.
What does Place Technology do?
Place Technology was founded in 2018 and is headquartered in Austin, United States. Operations focus on the financial technology sector, where cloud-based software solutions are developed for planning and forecasting. Products such as PlaceCPM and PlaceCPM Plus are built on the Salesforce platform, incorporating features including accounting workflows, subscription management, cash forecasting, reporting, analysis, and financial planning tools. Services support business financial management processes.
Who are the top competitors of Place Technology?
Place Technology's top competitors include Up, Centage and Brightflow AI.
Who are Place Technology's investors?
Place Technology has 2 investors. Key investors include Geekdom Fund, and 7BC Venture Capital.
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