About Rye
Rye is a company based in New York (United States) founded in 2021 by Justin Kan and Robin Chan.. Rye has raised $14 million across 1 funding round from investors including Electric Feel Ventures, Goat Capital and Solana Ventures. Rye offers products and services including Rye API and Free Onboarding App. Rye operates in a competitive market with competitors including HYLA Mobile, Trove, Archive, Treet and Recurate, among others.
- Headquarter New York, United States
- Founders Justin Kan, Robin Chan
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rye Worldwide, 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
$14 M (USD)
in 1 rounds
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Latest Funding Round
$14 M (USD), Series B
Oct 12, 2022
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Investors
Electric Feel Ventures
& 8 more
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Employee Count
Employee Count
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Products & Services of Rye
Rye offers a comprehensive portfolio of products and services, including Rye API and Free Onboarding App. 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.
Enables product selling integration without inventory handling.
Facilitates brand management and commission processing.
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Funding Insights of Rye
Rye has successfully raised a total of $14M through 1 strategic funding round. The most recent funding activity was a Series B round of $14 million completed in October 2022. 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 B — $14.0M
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First Round
First Round
(12 Oct 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Rye | Valuation | a16z |
| 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 Rye
Rye has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Electric Feel Ventures, Goat Capital and Solana 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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Early-stage startups are funded by Goat Capital venture fund.
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Founded Year | Domain | Location | |
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Solana Ventures is focused on investing in Solana-based companies.
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Founded Year | Domain | Location | |
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Early-stage investments are made in innovative 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 Rye
| 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 - Rye
| 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 |
Rye Comparisons
Competitors of Rye
Rye 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 HYLA Mobile, Trove, Archive, Treet and Recurate, 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 |
Tech-enabled mobile device trade-in and recommerce solutions are provided.
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| domain | founded_year | HQ Location |
Recommerce management solutions are delivered to fashion companies worldwide.
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| domain | founded_year | HQ Location |
Archive is recognized as an influencer marketing and UGC management platform.
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| domain | founded_year | HQ Location |
A peer-to-peer resale marketplace for branded secondhand items is facilitated.
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| domain | founded_year | HQ Location |
Resale marketplace platform for eCommerce stores is provided.
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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 Rye
When was Rye founded?
Rye was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Rye located?
Rye is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Rye a funded company?
Rye is a funded company, having raised a total of $14M across 1 funding round to date. The company's 1st funding round was a Series B of $14M, raised on Oct 12, 2022.
What does Rye do?
Founded in 2021 and based in New York, United States, Rye operates in the recommerce sector for e-commerce. Software solutions are offered, including in-app buying links, payment gateways, inventory data retrieval from stores, and product recommendations. Resellers are connected with merchants, with commissions provided for product sales. Services are extended to industries such as fashion and consumer electronics.
Who are the top competitors of Rye?
Rye's top competitors include HYLA Mobile, Recurate and Treet.
What products or services does Rye offer?
Rye offers Rye API and Free Onboarding App.
Who are Rye's investors?
Rye has 9 investors. Key investors include Electric Feel Ventures, Goat Capital, Solana Ventures, Electric Ant, and L Catterton.
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