About Scout
Scout is a company based in New York (United States) founded in 2021 by Michael Haddix. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Scout has raised $3.75 million across 6 funding rounds from investors including ODF, Techstars and Gener8tor. Scout offers products and services including Scout Financial Platform, NIL Compliance Tools, and Savings & Investment App. Scout operates in a competitive market with competitors including Titan, Opto Investments, Cleartrace, Theia Insights and One River Asset Management, among others.
- Headquarter New York, United States
- Founders Michael Haddix
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Sectors
Technology
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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 Elv8 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
$3.75 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
ODF
& 16 more
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Employee Count
Employee Count
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Products & Services of Scout
Scout offers a comprehensive portfolio of products and services, including Scout Financial Platform, NIL Compliance Tools, and Savings & Investment 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.
Financial tools for athletes and administrators are provided.
Compliance and NIL earnings reporting tools are offered.
Savings and investment management tools are made available.
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Funding Insights of Scout
Scout has successfully raised a total of $3.75M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(28 Sep 2022)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Angel Round - Scout | Valuation |
investors |
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| Jan, 2025 | Amount | Series A - Scout | Valuation |
investors |
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| Jun, 2023 | Amount | Seed - Scout | 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 Scout
Scout has secured backing from 17 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include ODF, Techstars and Gener8tor. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Startups are accelerated via a 12-week program with funding support.
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Founded Year | Domain | Location | |
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Chingona Ventures is focused on investing in early-stage 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 Scout
| 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 - Scout
| 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 |
Scout Comparisons
Competitors of Scout
Scout 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 Titan, Opto Investments, Cleartrace, Theia Insights and One River Asset Management, 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 |
Titan is focused on GPS-based athlete performance tracking solutions.
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| domain | founded_year | HQ Location |
Online platform provides software solutions for financial advisors
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| domain | founded_year | HQ Location |
Carbon footprint is tracked and managed through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI solutions are applied to streamline finance portfolio analysis.
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| domain | founded_year | HQ Location |
Diversified investment management services are offered globally.
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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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Frequently Asked Questions about Scout
When was Scout founded?
Scout was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Scout located?
Scout is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Scout a funded company?
Scout is a funded company, having raised a total of $3.75M across 6 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Sep 28, 2022.
What does Scout do?
Financial management solutions for athletes and school administrators are offered by Scout. Tools for managing earnings, payments, compliance, and team finances are developed, focusing on the sports sector. Personalized financial education, salary cap management, and NIL compliance guidance are included in the services. Data-driven decision intelligence and bespoke solutions are provided to support both on-field and off-field success. Lifelong financial planning and wealth-building tools are also made available to secure athletes futures.
Who are the top competitors of Scout?
Scout's top competitors include Cleartrace, Opto Investments and Titan.
What products or services does Scout offer?
Scout offers Scout Financial Platform, NIL Compliance Tools, and Savings & Investment App.