About Rapchat
Rapchat is a company based in Columbus (United States) founded in 2013.. Rapchat has raised $5.6 million across 4 funding rounds from investors including Adjacent, Sony Music and Rev1 Ventures. Rapchat operates in a competitive market with competitors including MAGIX, Native Instruments, Musiversal, Output and Music.AI, among others.
- Headquarter Columbus, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.6 M (USD)
in 4 rounds
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Latest Funding Round
$2.3 M (USD), Seed
Apr 30, 2021
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Investors
Adjacent
& 7 more
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Employee Count
Employee Count
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Funding Insights of Rapchat
Rapchat has successfully raised a total of $5.6M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in April 2021. 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 — $2.3M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Rapchat | Valuation | Adjacent , Sony Music |
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| Jun, 2018 | Amount | Seed - Rapchat | Valuation |
investors |
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| Apr, 2018 | Amount | Seed - Rapchat | 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 Rapchat
Rapchat has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Adjacent, Sony Music and Rev1 Ventures. 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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Startup Studio building companies in the US & Europe and Angel Network for Ohio based companies
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage companies with a focus on modern consumer and enterprise sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made in Midwest 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 Rapchat
| 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 - Rapchat
| 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 |
Rapchat Comparisons
Competitors of Rapchat
Rapchat 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 MAGIX, Native Instruments, Musiversal, Output and Music.AI, 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 |
Multimedia software
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| domain | founded_year | HQ Location |
Software and hardware solutions for music production and DJing are provided.
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| domain | founded_year | HQ Location |
Music is recorded and collaborated on through an online platform.
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| domain | founded_year | HQ Location |
Virtual music software is provided for producers and composers.
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| domain | founded_year | HQ Location |
AI music generation tools are offered to businesses and individuals.
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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 Rapchat
Frequently Asked Questions about Rapchat
When was Rapchat founded?
Rapchat was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Rapchat located?
Rapchat is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Is Rapchat a funded company?
Rapchat is a funded company, having raised a total of $5.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Oct 01, 2015.
What does Rapchat do?
Rapchat was founded in 2013 in Columbus, United States, as an app-based platform in the music creation sector. Users are enabled to record audio, apply effects, generate rap names, and share content with other users and artists. The application is offered for both Android and iOS devices. Revenue is generated through in-app purchases. Operations focus on user-driven music production and community interaction.
Who are the top competitors of Rapchat?
Who are Rapchat's investors?
Rapchat has 8 investors. Key investors include Adjacent, Sony Music, Rev1 Ventures, Base Ventures, and M25.
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