About Polarsteps
Polarsteps is a company based in Amsterdam (Netherlands) founded in 2014.. Polarsteps has raised $5.05 million across 4 funding rounds from investors including TMG, Inkef and Ronald Hans. Polarsteps operates in a competitive market with competitors including Tripoto, Atly, Travel Buddy, Thatch and Vurb, among others.
- Headquarter Amsterdam, Netherlands
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Sectors
Travel & HospitalityMedia & Entertainment
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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
$5.05 M (USD)
in 4 rounds
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Latest Funding Round
$3.43 M (USD), Series A
Jan 16, 2019
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Investors
TMG
& 12 more
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Employee Count
Employee Count
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Funding Insights of Polarsteps
Polarsteps has successfully raised a total of $5.05M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.43 million completed in January 2019. 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 4
- Last Round Series A — $3.4M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - Polarsteps | Valuation | Inkef |
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| Aug, 2017 | Amount | Angel Round - Polarsteps | Valuation | Ronald Hans , Chris Ouwinga |
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| Mar, 2016 | Amount | Seed - Polarsteps | Valuation | Silver Point Ventures , TMG |
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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 Polarsteps
Polarsteps has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include TMG, Inkef and Ronald Hans. 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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AI, deeptech, and healthcare tech companies are funded by Inkef.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Dutch multinational media group
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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 Polarsteps
| 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 - Polarsteps
| 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 |
Polarsteps Comparisons
Competitors of Polarsteps
Polarsteps 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 Tripoto, Atly, Travel Buddy, Thatch and Vurb, 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 |
Provider of a travelogue platform
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| domain | founded_year | HQ Location |
Favorite places are discovered and shared through interest-based groups.
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| domain | founded_year | HQ Location |
App-based platform for sharing & discovering travel stories
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| domain | founded_year | HQ Location |
Online platform for travelers to discover & share travel stories
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| domain | founded_year | HQ Location |
Online platform for getting personalized recommendations from local experts
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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 Polarsteps
Frequently Asked Questions about Polarsteps
When was Polarsteps founded?
Polarsteps was founded in 2014.
Where is Polarsteps located?
Polarsteps is headquartered in Amsterdam, Netherlands.
Is Polarsteps a funded company?
Polarsteps is a funded company, having raised a total of $5.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $555.26K, raised on Nov 11, 2014.
What does Polarsteps do?
Polarsteps is an app-based travel log platform that uses the phones GPS to automatically track travels create location-based logs over a map-based GUI. Users can also upload media to the logs and share them with peerson various social media handles. Additionally, users can maintain a collection of routes, stories, travel statistics photos in a Personal Travel Book and can further have the hard copies (with 200 GSM paper hardcovers) shipped to them at additional charges. Its mobile app is available for iOS and Android devices.
Who are the top competitors of Polarsteps?
Polarsteps's top competitors include Atly, Thatch and Travel Buddy.
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