About Qype
Qype is a company based in Hamburg (Germany) founded in 2006 was acquired by Yelp in October 2012.. Qype has raised $11.38 million across 1 funding round from investors including Yelp, Partech Partners and Wellington Partners Venture Capital. The company has 84 employees as of December 31, 2020. Qype offers products and services including Yelp Platform and Yelp for Business. Qype operates in a competitive market with competitors including MeetMe, Meetup, Going, Loopt and Pelago, among others.
- Headquarter Hamburg, Germany
- Employees 84 as on 31 Dec, 2020
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Yelp Gmbh
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Products & Services of Qype
Qype offers a comprehensive portfolio of products and services, including Yelp Platform and Yelp for Business. 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.
Web and mobile service for searching and reviewing local businesses
Tools for businesses to claim pages and advertise online
Funding Insights of Qype
Qype has successfully raised a total of $11.38M through 1 strategic funding round. The most recent funding activity was a Series A round of $11.38 million completed in September 2008. 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 — $11.4M
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First Round
First Round
(15 Sep 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Series A - Qype | Valuation | Wellington Partners Venture Capital |
| 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 Qype
Qype has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Yelp, Partech Partners and Wellington Partners Venture Capital. 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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Investments are made in early-stage healthcare startups.
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location | |
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VC & PE firm
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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 Qype
| 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 - Qype
| 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 |
Qype Comparisons
Competitors of Qype
Qype 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 MeetMe, Meetup, Going, Loopt and Pelago, 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 |
New people are connected via a GPS-enabled social platform.
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| domain | founded_year | HQ Location |
People are connected via app-based groups for shared interests.
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| domain | founded_year | HQ Location |
Flight deals and price alerts are provided by Going.
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| domain | founded_year | HQ Location |
Selective location sharing is enabled via a social networking app.
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| domain | founded_year | HQ Location |
Location-based service
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| domain | founded_year | HQ Location |
Professionals are connected with similar interests on this social 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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Latest news on Qype
Frequently Asked Questions about Qype
When was Qype founded?
Qype was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Qype located?
Qype is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Is Qype a funded company?
Qype is a funded company, having raised a total of $11.38M across 1 funding round to date. The company's 1st funding round was a Series A of $11.38M, raised on Sep 15, 2008.
How many employees does Qype have?
As of Dec 31, 2020, the latest employee count at Qype is 84.
What does Qype do?
Qype was founded in 2006 in Hamburg, Germany, as a social platform in the review and discovery sector. User-generated reviews and ratings for businesses and locations, including restaurants, doctors, government agencies, and entertainment venues, are facilitated. The portal enables users to locate services and assess options based on community feedback across various categories.
What products or services does Qype offer?
Qype offers Yelp Platform and Yelp for Business.
Who are Qype's investors?
Qype has 4 investors. Key investors include Yelp, Partech Partners, Wellington Partners Venture Capital, and Advent Venture Partners.
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