About Pocketnest
Pocketnest is a company based in United States founded in 2017.. Pocketnest has raised $9 million across 7 funding rounds from investors including Citi, Barclays and BNP Paribas. Pocketnest offers products and services including Pocketnest Platform and Mobile App. Pocketnest operates in a competitive market with competitors including The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, among others.
- Headquarter Michigan, United States
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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
$9 M (USD)
in 7 rounds
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Latest Funding Round
$2.6 M (USD), Series A
Dec 19, 2022
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Investors
Citi
& 11 more
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Employee Count
Employee Count
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Products & Services of Pocketnest
Pocketnest offers a comprehensive portfolio of products and services, including Pocketnest Platform and Mobile App. 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.
White-labeled platform for personalized financial wellness and engagement tools
App for iOS and Android providing AI-driven financial advice services
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Funding Insights of Pocketnest
Pocketnest has successfully raised a total of $9M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $2.6 million 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 7
- Last Round Series A — $2.6M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Pocketnest | Valuation | Reseda Group |
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| Oct, 2022 | Amount | Series A - Pocketnest | Valuation | Reseda Group | |
| Jan, 2022 | Amount | Seed - Pocketnest | Valuation | Reseda Group , The Impact Seat |
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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 Pocketnest
Pocketnest has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Barclays and BNP Paribas. 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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Seed-focused venture capital firm investing in tech-based startups
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Founded Year | Domain | Location | |
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Early-stage capital is provided to Michigan-based high-tech startups.
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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 Pocketnest
| 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 - Pocketnest
| 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 |
Pocketnest Comparisons
Competitors of Pocketnest
Pocketnest 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 The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, 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 |
AI-enabled financial planning and advisory solutions are provided for individuals.
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| domain | founded_year | HQ Location |
Retirement, health, and college savings services are administered nationwide.
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| domain | founded_year | HQ Location |
App-based financial planning and management platform for individuals
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| domain | founded_year | HQ Location |
Financial advisory and wealth management are provided to healthcare professionals.
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| domain | founded_year | HQ Location |
Personal finance management and investment advise
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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 Pocketnest
Frequently Asked Questions about Pocketnest
When was Pocketnest founded?
Pocketnest was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Pocketnest located?
Pocketnest is headquartered in United States. It is registered at Michigan, United States.
Is Pocketnest a funded company?
Pocketnest is a funded company, having raised a total of $9M across 7 funding rounds to date.
What does Pocketnest do?
Pocketnest was founded in 2017 and is located in Michigan, United States. An app-based wealth management platform is operated for individuals in the fintech sector. Financial planning, budgeting, investment management, and goal-based savings are included among the services offered. The platform is made available through applications on Android and iOS devices, supporting personal finance operations.
Who are the top competitors of Pocketnest?
Pocketnest's top competitors include The Tifin Group, Ascensus and Farther.
What products or services does Pocketnest offer?
Pocketnest offers Pocketnest Platform and Mobile App.
Who are Pocketnest's investors?
Pocketnest has 12 investors. Key investors include Citi, Barclays, BNP Paribas, J P Morgan, and Lloyds Banking Group.
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