About PledgX
PledgX is a company based in Toronto (Canada) founded in 2020 by Ben Arber and Josef Zankowicz. It operates as a Two-Sided Marketplace. PledgX has raised $457.13 thousand across 3 funding rounds from investors including Ontario Canada, Canadian Space Agency and RevTech Labs. The company has 13 employees as of December 31, 2024. PledgX offers products and services including PledgX Platform. PledgX operates in a competitive market with competitors including Highwire, Obat, TrueBuilt, ConCntric and PermitPortal, among others.
- Headquarter Toronto, Canada
- Employees 13 as on 31 Dec, 2024
- Founders Ben Arber, Josef Zankowicz
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pledgx 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
$457.13 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
Ontario Canada
& 3 more
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Employee Count
13
as on Dec 31, 2024
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Products & Services of PledgX
PledgX offers a comprehensive portfolio of products and services, including PledgX Platform. 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.
A platform connecting contractors and stakeholders efficiently.
Funding Insights of PledgX
PledgX has successfully raised a total of $457.13K across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(23 Mar 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - PledgX | Valuation | RevTech Labs |
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| Sep, 2022 | Amount | Seed - PledgX | Valuation | Accelerator Centre |
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| Mar, 2022 | Amount | Seed - PledgX | Valuation | Ontario Canada , Canadian Space Agency |
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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 PledgX
PledgX has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ontario Canada, Canadian Space Agency and RevTech Labs. 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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Founded Year | Domain | Location | |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location | |
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Access government services and products
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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 PledgX
| 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 - PledgX
| 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 |
Pledgx Comparisons
Competitors of PledgX
PledgX 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 Highwire, Obat, TrueBuilt, ConCntric and PermitPortal, 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 |
Online platform for managing contractor risks and improving project outcomes
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| domain | founded_year | HQ Location |
Personalized quotes and invoices for construction are generated online.
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| domain | founded_year | HQ Location |
Pre-construction software is developed for construction contractors and subcontractors.
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| domain | founded_year | HQ Location |
SaaS-driven software for pre-construction management is provided.
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| domain | founded_year | HQ Location |
AI-powered operating system for construction activities is provided.
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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 PledgX
When was PledgX founded?
PledgX was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is PledgX located?
PledgX is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is PledgX a funded company?
PledgX is a funded company, having raised a total of $457.13K across 3 funding rounds to date. The company's 1st funding round was a Seed of $457.13K, raised on Mar 23, 2022.
How many employees does PledgX have?
As of Dec 31, 2024, the latest employee count at PledgX is 13.
What does PledgX do?
PledgX is managed as a digital platform facilitating connections in the construction sector. Reliable information exchange between contractors, project owners, property managers, and other stakeholders is enabled. AI-driven insights are provided to support business growth and sustainable partnerships. The platform serves various roles including general contractors, subcontractors, surety agents, and lenders. Solutions are tailored to expand market share and manage risks effectively within the construction industry.
Who are the top competitors of PledgX?
What products or services does PledgX offer?
PledgX offers PledgX Platform.
Who are PledgX's investors?
PledgX has 4 investors. Key investors include Ontario Canada, Canadian Space Agency, RevTech Labs, and Accelerator Centre.