About Plazes
Plazes is a company based in Berlin (Germany) founded in 2004 was acquired by Nokia in June 2008.. Plazes has raised $4.71 million across 2 funding rounds from investors including Nokia, DH Private Equity Partners and BtoV. Plazes operates in a competitive market with competitors including Familo, Aloqa, Aka Aki, friendslist and Coopz, among others.
- Headquarter Berlin, Germany
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of Plazes
Plazes has successfully raised a total of $4.71M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in February 2007. 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 2
- Last Round Series A — $3.5M
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First Round
First Round
(01 Jan 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2007 | Amount | Series A - Plazes | Valuation |
investors |
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| Jan, 2006 | Amount | Angel Round - Plazes | 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 Plazes
Plazes has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Nokia, DH Private Equity Partners and BtoV. 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 firm investing in Europe and the US
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Founded Year | Domain | Location | |
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Stage agnostic VC firm funding companies in Europe
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Founded Year | Domain | Location | |
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Hardware and software solutions for telecommunications are provided by Nokia.
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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 Plazes
| 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 - Plazes
| 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 |
Plazes Comparisons
Competitors of Plazes
Plazes 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 Familo, Aloqa, Aka Aki, friendslist and Coopz, 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 |
Location-based discovery platform
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| domain | founded_year | HQ Location |
Users are notified of nearby places, services, events, and people.
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| domain | founded_year | HQ Location |
Location based social networking platform
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| domain | founded_year | HQ Location |
Operates an app-based platform for arranging social meetups.
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| domain | founded_year | HQ Location |
App for connecting users through shared interests and real-time locations.
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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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Frequently Asked Questions about Plazes
When was Plazes founded?
Plazes was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Plazes located?
Plazes is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Plazes a funded company?
Plazes is a funded company, having raised a total of $4.71M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1.21M, raised on Jan 01, 2006.
What does Plazes do?
Plazes was founded in 2004 in Berlin, Germany, as a geosocial networking platform. Location and activities were posted by users and shared with others through computers or mobile devices. Groups were created or joined, with suggestions and search options provided. Following acquisition by Nokia, access to millions of users was gained, and integration into Nokia MapsHERE occurred before closure on May 11, 2012.
Who are Plazes's investors?
Plazes has 3 investors. Key investors include Nokia, DH Private Equity Partners, and BtoV.
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