About Purple Labs
Purple Labs is a company based in Chambery (France) founded in 2001 by Sebastien Soyer and Dennis O Donovan was acquired by Myriad Group in February 2009.. Purple Labs has raised $14.8 million across 1 funding round from investors including Partners Group, Myriad Group and Sofinnova.
- Headquarter Chambery, France
- Founders Sebastien Soyer, Dennis O Donovan
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.8 M (USD)
in 1 rounds
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Latest Funding Round
$14.8 M (USD), Series A
Sep 25, 2007
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Investors
Partners Group
& 3 more
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Employee Count
Employee Count
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Acquired by
Myriad Group
(Feb 13, 2009)
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Funding Insights of Purple Labs
Purple Labs has successfully raised a total of $14.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $14.8 million completed in September 2007. 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 1
- Last Round Series A — $14.8M
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First Round
First Round
(25 Sep 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2007 | Amount | Series A - Purple Labs | 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 Purple Labs
Purple Labs has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Partners Group, Myriad Group and Sofinnova. 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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Life Sciences sector focused early stage VC firm investing primarily in Europe
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Founded Year | Domain | Location | |
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Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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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 Purple Labs
| 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 |
Financial Statements - Purple Labs
| 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 |
Purple Labs Comparisons
Competitors of Purple Labs
| 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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Frequently Asked Questions about Purple Labs
When was Purple Labs founded?
Purple Labs was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is Purple Labs located?
Purple Labs is headquartered in Chambery, France. It is registered at Chambery, Auvergne-rhone-alpes, France.
Is Purple Labs a funded company?
Purple Labs is a funded company, having raised a total of $14.8M across 1 funding round to date. The company's 1st funding round was a Series A of $14.8M, raised on Sep 25, 2007.
What does Purple Labs do?
Purple Labs was founded in 2001 in Chambery, France, by co-founders Sebastien Soyer and Dennis O Donovan. Software solutions for mobile Linux systems are developed, targeting embedded devices and open-source applications. Operations are centered in the technology sector, with services including customization, integration, and support for Linux-based mobile platforms. The company serves clients across Europe and beyond from its base in Chambery.
Who are Purple Labs's investors?
Purple Labs has 4 investors. Key investors include Partners Group, Myriad Group, Sofinnova, and Earlybird.