About Poncho
Poncho is a company based in New York (United States) founded in 2013 was acquired by DIRTY LEMON in May 2018. It operates as a Freemium. Poncho has raised $4.4 million across 2 funding rounds from investors including Lightspeed Venture Partners, Lerer Hippeau and Betaworks. Poncho offers products and services including Weather Forecasts. Poncho operates in a competitive market with competitors including Character.ai, Krutrim, Voiceitt, Replika and Mindtrip, among others.
- Headquarter New York, United States
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Sectors
Technology
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Phone
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Website
*********
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Social
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- Legal Name Poncho, 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
$4.4 M (USD)
in 2 rounds
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Latest Funding Round
$2.4 M (USD), Seed
Aug 14, 2017
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Investors
Lightspeed Venture Partners
& 14 more
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Employee Count
Employee Count
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Acquired by
DIRTY LEMON
(May 29, 2018)
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Products & Services of Poncho
Poncho offers a comprehensive portfolio of products and services, including Weather Forecasts. 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.
Weather updates were provided via email and SMS.
Funding Insights of Poncho
Poncho has successfully raised a total of $4.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.4 million completed in August 2017. 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 Seed — $2.4M
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First Round
First Round
(28 Aug 2016)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Seed - Poncho | Valuation | Lightspeed Venture Partners | |
| Aug, 2016 | Amount | Seed - Poncho | Valuation | Lerer Hippeau |
| 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 Poncho
Poncho has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Lerer Hippeau and Betaworks. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Investing in creators, organizing AI events, and building community in New York.
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Founded Year | Domain | Location | |
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USA focused VC firm investing in seed and early stage 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 Poncho
| 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 - Poncho
| 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 |
Poncho Comparisons
Competitors of Poncho
Poncho 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 Character.ai, Krutrim, Voiceitt, Replika and Mindtrip, 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.
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| domain | founded_year | HQ Location |
AI-based conversational solutions are provided for user interactions and learning.
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AI tools and infrastructure are developed for generative applications.
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Virtual assistant tool for speech disabilities is developed and offered.
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An AI companion is developed for emotional support and conversation.
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Trips are discovered, planned, and booked through an AI-powered platform.
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Provider of a virtual assistant for assisting users in everyday tasks
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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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On-demand services are booked through an app-based platform.
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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 Poncho
Frequently Asked Questions about Poncho
When was Poncho founded?
Poncho was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Poncho located?
Poncho is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Poncho a funded company?
Poncho is a funded company, having raised a total of $4.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Aug 28, 2016.
What does Poncho do?
Poncho was recognized for providing weather forecasts and additional content through email and SMS platforms. Initially launched in 2013, the service engaged users with daily updates, horoscopes, and unique digital content. The company operated in the digital content sector, focusing on personalized communication. It has since transitioned, with its founder moving to a new role at Dirty Lemon, marking the end of weather forecasting services under the Poncho brand.
Who are the top competitors of Poncho?
Poncho's top competitors include Character.ai, Krutrim and Mindtrip.
What products or services does Poncho offer?
Poncho offers Weather Forecasts.
Who are Poncho's investors?
Poncho has 15 investors. Key investors include Lightspeed Venture Partners, Lerer Hippeau, Betaworks, Greycroft, and Comcast Ventures.