About Rivet
Rivet is a company based in Boston (United States) founded in 2020. It operates as a SaaS (Software-as-a-Service). Rivet has raised $520 thousand across 2 funding rounds from investors including Techstars, Drive Capital and Hustle Fund. Rivet offers products and services including Rivet Platform and DM Automations. Rivet operates in a competitive market with competitors including Encore, Royalty Exchange, FanBridge, Bump by Ownors and ToneDen, among others.
- Headquarter Boston, United States
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Sectors
Media & EntertainmentTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rivet Electric Works, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$520 K (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Feb 22, 2023
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Products & Services of Rivet
Rivet offers a comprehensive portfolio of products and services, including Rivet Platform and DM Automations. 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.
Fan engagement is facilitated through AI-driven automation tools.
Direct messaging is automated for targeted fan outreach.
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Funding Insights of Rivet
Rivet has successfully raised a total of $520K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in February 2023. 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 2
- Last Round Seed — $500,000
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First Round
First Round
(08 Nov 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Rivet | Valuation | Drive Capital | |
| Nov, 2021 | Amount | Seed - Rivet | Valuation | Techstars |
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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 Rivet
Rivet has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Techstars, Drive Capital and Hustle Fund. 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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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Seed-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investment and support are provided to underrepresented founders.
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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 Rivet
| 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 - Rivet
| 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 |
Rivet Comparisons
Competitors of Rivet
Rivet 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 Encore, Royalty Exchange, FanBridge, Bump by Ownors and ToneDen, 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 |
Live music shows are streamed through an app-based platform.
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| domain | founded_year | HQ Location |
Royalties from media and intellectual property are auctioned to investors.
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| domain | founded_year | HQ Location |
Fan relationships are managed via acquisition, retention, and engagement tools.
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| domain | founded_year | HQ Location |
Alternative investment platform for music artists
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| domain | founded_year | HQ Location |
Fan engagement & promotions platform for musicians
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| domain | founded_year | HQ Location |
Music distribution and marketing solutions are provided online by Laylo.
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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 Rivet
When was Rivet founded?
Rivet was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Rivet located?
Rivet is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Rivet a funded company?
Rivet is a funded company, having raised a total of $520K across 2 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Nov 08, 2021.
What does Rivet do?
Rivet is focused on fan engagement and community building for artists and labels. Services are offered through a platform that integrates with social media, ticketing, and merchandising tools to consolidate fan data. AI-driven solutions are utilized for direct messaging, content creation, and targeted marketing across email, SMS, and social platforms. Revenue maximization is supported through subscription sales, content distribution, and fan spending insights. The platform is designed to enhance productivity for artist teams by enabling collaboration and providing roster-level insights within the music and entertainment sector.
What products or services does Rivet offer?
Rivet offers Rivet Platform and DM Automations.
Who are Rivet's investors?
Rivet has 4 investors. Key investors include Techstars, Drive Capital, Hustle Fund, and Visible Hands.
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