About Ridesum
Ridesum is a company based in Ekero (Sweden) founded in 2017 by Jenny Strahle.. Ridesum has raised $1.09 million across 1 funding round from investors including Hööks and Zenith VC. Ridesum offers products and services including AI Horse Analytics, AI Seat Analytics, Digital Training, Equi Diary, and Knowledge & Inspo. Ridesum operates in a competitive market with competitors including Ridely, Equilab, Ride iQ, X Factor Roping and Downunder Horsemanship, among others.
- Headquarter Ekero, Sweden
- Founders Jenny Strahle
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Sectors
Media & Entertainment
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Email
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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
$1.09 M (USD)
in 1 rounds
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Latest Funding Round
$1.09 M (USD), Seed
May 03, 2021
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Investors
Hööks
& 1 more
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Employee Count
Employee Count
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Products & Services of Ridesum
Ridesum offers a comprehensive portfolio of products and services, including AI Horse Analytics, AI Seat Analytics, Digital Training, Equi Diary, and Knowledge & Inspo. 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.
AI-powered assessment of horse head carriage for riding improvement
AI-based evaluation of rider seat posture on smartphones
Live streaming for remote equestrian training to minimize injuries
Digital diary for monitoring horse progress and statistics
Platform for equestrian videos, articles, and webinars
Funding Insights of Ridesum
Ridesum has successfully raised a total of $1.09M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.09 million completed in May 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 1
- Last Round Seed — $1.1M
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First Round
First Round
(03 May 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Ridesum | 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 Ridesum
Ridesum has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Hööks and Zenith VC. 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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Early-stage investments are provided to B2B software and AI companies.
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Founded Year | Domain | Location | |
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Hööks is engaged in retailing equestrian and pet products.
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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 Ridesum
| 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 - Ridesum
| 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 |
Ridesum Comparisons
Competitors of Ridesum
Ridesum 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 Ridely, Equilab, Ride iQ, X Factor Roping and Downunder Horsemanship, 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 |
App-based training solution for equestrians sports
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| domain | founded_year | HQ Location |
Horse riding insights are provided via phone sensor analysis.
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| domain | founded_year | HQ Location |
Equestrian sports training app is provided by Ride iQ.
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| domain | founded_year | HQ Location |
Online platform offering instructional videos and professional roping coaching.
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| domain | founded_year | HQ Location |
Downunder Horsemanship provides an online platform for horse training tips and videos.
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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 Ridesum
Frequently Asked Questions about Ridesum
When was Ridesum founded?
Ridesum was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Ridesum located?
Ridesum is headquartered in Ekero, Sweden. It is registered at Ekero, Stockholm County, Sweden.
Who is the current CEO of Ridesum?
Jenny Strahle is the current CEO of Ridesum. They have also founded this company.
Is Ridesum a funded company?
Ridesum is a funded company, having raised a total of $1.09M across 1 funding round to date. The company's 1st funding round was a Seed of $1.09M, raised on May 03, 2021.
What does Ridesum do?
Ridesum was founded in 2017 in Ekero, Sweden, within the equestrian technology sector. A digital horse training platform is operated, enabling users to search for coaches and experts. Distance training is facilitated through streaming, and filmed sessions are provided. Workouts are saved digitally in the app, downloaded to device camera rolls, or shared with others. Mobile applications are available for both Android and iOS platforms.
Who are the top competitors of Ridesum?
What products or services does Ridesum offer?
Ridesum offers AI Horse Analytics, AI Seat Analytics, Digital Training, Equi Diary, and Knowledge & Inspo.