About SevenFifty
SevenFifty is a company based in New York (United States) founded in 2011.. SevenFifty has raised $36.37 million across 3 funding rounds from investors including Level Equity, Formation 8 and Pritzker Group. The company has 44 employees as of December 31, 2022. SevenFifty has completed 1 acquisition, including Bridge. SevenFifty offers products and services including Online Marketplace and SevenFifty Daily. SevenFifty operates in a competitive market with competitors including Provi, Storica Wines, Tealet, Enovation Brands and Vinasset, among others.
- Headquarter New York, United States
- Employees 44 as on 31 Dec, 2022
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sevenfifty Technologies, 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
$36.37 M (USD)
in 3 rounds
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Latest Funding Round
$23 M (USD), Series B
May 11, 2021
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Investors
Level Equity
& 2 more
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Employee Count
44
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of SevenFifty
SevenFifty offers a comprehensive portfolio of products and services, including Online Marketplace and SevenFifty Daily. 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.
Platform for searching and ordering beverage alcohol products
Magazine covering business and culture of beverage alcohol
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Funding Insights of SevenFifty
SevenFifty has successfully raised a total of $36.37M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $23 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 3
- Last Round Series B — $23.0M
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First Round
First Round
(15 Mar 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - SevenFifty | Valuation | Level Equity |
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| Oct, 2019 | Amount | Series A - SevenFifty | Valuation |
investors |
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| Mar, 2016 | Amount | Series A - SevenFifty | Valuation | Formation 8 |
| 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 SevenFifty
SevenFifty has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Level Equity, Formation 8 and Pritzker Group. 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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Middle-market growth capital investments are targeted by Level Equity.
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Founded Year | Domain | Location | |
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VC Firm investing in the US
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Founded Year | Domain | Location | |
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Investments in SaaS, marketplace, and middle market companies are managed.
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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 SevenFifty
SevenFifty has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bridge. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software solutions for online liquor businesses are provided by Bridge.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SevenFifty
| 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 |
Sevenfifty Comparisons
Competitors of SevenFifty
SevenFifty 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 Provi, Storica Wines, Tealet, Enovation Brands and Vinasset, 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 |
Provi is operated as a B2B alcohol marketplace for businesses.
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| domain | founded_year | HQ Location |
Sells premium Armenian wines through online stores and retail channels.
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| domain | founded_year | HQ Location |
Wholesale Tea Marketplace
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| domain | founded_year | HQ Location |
Multi-category alcoholic beverages are distributed through an e-platform.
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| domain | founded_year | HQ Location |
Operates a marketplace for group buying targeted at wineries and vintners.
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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 Sevenfifty
Frequently Asked Questions about SevenFifty
When was SevenFifty founded?
SevenFifty was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is SevenFifty located?
SevenFifty is headquartered in New York, United States. It is registered at New York, New York, United States.
Is SevenFifty a funded company?
SevenFifty is a funded company, having raised a total of $36.37M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.76M, raised on Mar 15, 2016.
How many employees does SevenFifty have?
As of Dec 31, 2022, the latest employee count at SevenFifty is 44.
What does SevenFifty do?
SevenFifty was founded in 2011 in New York, United States, as an online platform in the beverage alcohol sector. Distributors are enabled to list and manage product portfolios, while professional buyers such as restaurants and retailers are provided with search tools to discover wines, spirits, and beers across the market. Operations focus on facilitating trade networks among alcohol industry professionals.
Who are the top competitors of SevenFifty?
SevenFifty's top competitors include Provi, Cropify and Maverick Beverage Company.
What products or services does SevenFifty offer?
SevenFifty offers Online Marketplace and SevenFifty Daily.
How many acquisitions has SevenFifty made?
SevenFifty has made 1 acquisition, including Bridge.
Who are SevenFifty's investors?
SevenFifty has 3 investors. Key investors include Level Equity, Formation 8, and Pritzker Group.
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