About PlumChoice
PlumChoice is a company based in Lowell (United States) founded in 2001 by Ted Werth was acquired by Allstate in November 2018.. PlumChoice has raised $59.02 million across 10 funding rounds from investors including SVB, Allstate and Comerica. PlumChoice has completed 2 acquisitions, including Everon IT Support and Tific. PlumChoice operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Lowell, United States
- Founders Ted Werth
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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
$59.02 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
SVB
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Everon IT Support
& 1 more
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Acquired by
Allstate
(Nov 08, 2018)
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Funding Insights of PlumChoice
PlumChoice has successfully raised a total of $59.02M across 10 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 10
- Last Round Last Round
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First Round
First Round
(04 Oct 2004)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series C - PlumChoice | Valuation |
investors |
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| May, 2012 | Amount | Series C - PlumChoice | Valuation |
investors |
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| May, 2011 | Amount | Series C - PlumChoice | 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 PlumChoice
PlumChoice has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Allstate and Comerica. 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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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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Private equity investments are made in digital infrastructure and technology services.
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Founded Year | Domain | Location | |
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Various sectors are invested in by the private equity firm.
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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 PlumChoice
PlumChoice has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Everon IT Support and Tific. 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
|
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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IT support and services are provided for small businesses by Everon.
|
2003 | ||||
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Limited information on Tific's core activities is available.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - PlumChoice
| 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 |
Plumchoice Comparisons
Competitors of PlumChoice
PlumChoice 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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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 Plumchoice
Frequently Asked Questions about PlumChoice
When was PlumChoice founded?
PlumChoice was founded in 2001 and raised its 1st funding round 3 years after it was founded.
Where is PlumChoice located?
PlumChoice is headquartered in Lowell, United States. It is registered at Lowell, Massachusetts, United States.
Who is the current CEO of PlumChoice?
David Shimoni is the current CEO of PlumChoice.
Is PlumChoice a funded company?
PlumChoice is a funded company, having raised a total of $59.02M across 10 funding rounds to date. The company's 1st funding round was a Series C of $25.6M, raised on Oct 04, 2004.
What does PlumChoice do?
Founded in 2001 and based in Lowell, United States, PlumChoice operates in the technical support sector. Virtual assistance is offered for PCs, digital cameras, iPods, MP3 players, and wireless networking. White-label services are provided to cloud and Internet of Things companies. At-home diagnosis and repair for PCs are also available.
Who are the top competitors of PlumChoice?
PlumChoice's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
How many acquisitions has PlumChoice made?
PlumChoice has made 2 acquisitions, including Everon IT Support, and Tific.
Who are PlumChoice's investors?
PlumChoice has 7 investors. Key investors include SVB, Allstate, Comerica, Edison Partners, and MC Partners.
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