About Praice
Praice is a company based in Copenhagen (Denmark) founded in 2014.. Praice has raised $889.87 thousand across 4 funding rounds from investors including Christian Birk. The company has 4 employees as of November 30, 2024. Praice offers products and services including Soft Skills Assessment Tool and Recruitment Platform. Praice operates in a competitive market with competitors including Cangrade, Bryq, Diversely, Equalture and Develop Diverse, among others.
- Headquarter Copenhagen, Denmark
- Employees 4 as on 30 Nov, 2024
- Stage Minicorn
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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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- Legal Name Praice Aps
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Annual Revenue
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Net Profit
$-93.04 K (USD)0as on Dec 31, 2022
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EBITDA
$-67.33 K (USD)0as on Dec 31, 2022
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Total Equity Funding
$889.87 K (USD)
in 4 rounds
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Latest Funding Round
$491.78 K (USD), Seed
Nov 30, 2020
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Investors
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Employee Count
4
as on Nov 30, 2024
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Products & Services of Praice
Praice offers a comprehensive portfolio of products and services, including Soft Skills Assessment Tool and Recruitment 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.
Assesses individual strengths for better job matching and recruitment
Screens candidates based on soft skills to minimize bias in hiring
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Funding Insights of Praice
Praice has successfully raised a total of $889.87K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $491.78 thousand completed in November 2020. 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 Seed — $491,780
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Seed - Praice | Valuation |
investors |
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| Dec, 2018 | Amount | Seed - Praice | Valuation |
investors |
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| Dec, 2015 | Amount | Seed - Praice | Valuation |
investors |
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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 Praice
Praice has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Christian Birk. 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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CB
Christian Birk |
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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 Praice
| 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 - Praice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Praice Comparisons
Competitors of Praice
Praice 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 Cangrade, Bryq, Diversely, Equalture and Develop Diverse, 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 |
Employee success is predicted through web-based candidate assessments.
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| domain | founded_year | HQ Location |
Cloud-based applicant tracking and candidate screening platform is provided.
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| domain | founded_year | HQ Location |
AI-driven workplace monitoring platform is provided by Diversely.
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| domain | founded_year | HQ Location |
Diversity recruitment is enabled by a cloud-based AI assessment platform.
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| domain | founded_year | HQ Location |
AI-based recruitment platform
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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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Frequently Asked Questions about Praice
When was Praice founded?
Praice was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Praice located?
Praice is headquartered in Copenhagen, Denmark.
Who is the current CEO of Praice?
Christian Weis Hojfeldt is the current CEO of Praice.
Is Praice a funded company?
Praice is a funded company, having raised a total of $889.87K across 4 funding rounds to date. The company's 1st funding round was a Seed of $153.08K, raised on Sep 04, 2015.
How many employees does Praice have?
As of Nov 30, 2024, the latest employee count at Praice is 4.
What does Praice do?
Founded in 2014 and based in Copenhagen, Denmark, Praice operates as a candidate screening platform in the HR technology sector. Behavioral profiles are generated using over 360 metrics to evaluate applicants without influences from factors such as names, languages, experience levels, or resume images. Services focus on reducing unconscious biases in recruitment processes for organizations worldwide.
Who are the top competitors of Praice?
What products or services does Praice offer?
Praice offers Soft Skills Assessment Tool and Recruitment Platform.
Who are Praice's investors?
Praice has 1 investor. Key investors include Christian Birk.
What is Praice's valuation?
The valuation of Praice is $1.52M as of Nov 2020.
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