About Sifter
Sifter is a company based in Chicago (United States) founded in 1989 by Andrew Parkinson and Thomas Parkinson.. Sifter has raised $11.22 million across 3 funding rounds from investors including Wintrust, Valor Equity Partners and HPA. Sifter offers products and services including Sifter App, Sifter API, and Dynamic Product Search. Sifter operates in a competitive market with competitors including Spoon Guru, Nutritionix, Fig, Spoonful and Codecheck, among others.
- Headquarter Chicago, United States
- Founders Andrew Parkinson, Thomas Parkinson
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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
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- Legal Name Sifter Sp, 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
$11.22 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
May 25, 2022
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Investors
Wintrust
& 2 more
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Employee Count
Employee Count
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Products & Services of Sifter
Sifter offers a comprehensive portfolio of products and services, including Sifter App, Sifter API, and Dynamic Product Search. 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.
App for personalized food search based on health profiles.
Tools for embedding personalized grocery data into platforms.
Real-time engine for filtering foods by dietary attributes.
Funding Insights of Sifter
Sifter has successfully raised a total of $11.22M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in May 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 3
- Last Round Series A — $5.0M
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First Round
First Round
(03 Nov 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Sifter | Valuation | Valor Equity Partners , HPA |
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| May, 2021 | Amount | Unspecified - Sifter | Valuation | Valor Equity Partners | |
| Nov, 2020 | Amount | Unspecified - Sifter | Valuation |
investors |
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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 Sifter
Sifter has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Wintrust, Valor Equity Partners and HPA. 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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Private equity firm
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Founded Year | Domain | Location | |
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Early-stage startups are funded through venture capital investments.
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Founded Year | Domain | Location | |
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Bank offering diversified financial services
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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 Sifter
| 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 - Sifter
| 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 |
Sifter Comparisons
Competitors of Sifter
Sifter 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 Spoon Guru, Nutritionix, Fig, Spoonful and Codecheck, 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 |
Nutritional information of food products is analyzed via AI-powered platform.
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| domain | founded_year | HQ Location |
The world's largest branded food database is maintained globally.
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| domain | founded_year | HQ Location |
Dietary and nutrition information is provided via a personalized platform.
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| domain | founded_year | HQ Location |
Food scanner and grocery app for dietary matching are provided.
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| domain | founded_year | HQ Location |
Online platform providing product information to consumers through barcode scanning
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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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Latest news on Sifter
Frequently Asked Questions about Sifter
When was Sifter founded?
Sifter was founded in 1989 and raised its 1st funding round 31 years after it was founded.
Where is Sifter located?
Sifter is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Sifter a funded company?
Sifter is a funded company, having raised a total of $11.22M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $1.62M, raised on Nov 03, 2020.
What does Sifter do?
Founded in 1989 and based in Chicago, United States, Sifter operates in the nutrition technology sector. Scalable solutions are provided to healthcare platforms, health insurers, and food benefit providers. Healthy eating options are enabled through these integrations. Co-founders Andrew Parkinson and Thomas Parkinson, who serves as CPO, lead the companys efforts in this domain.
Who are the top competitors of Sifter?
Sifter's top competitors include Spoon Guru, Nutritionix and Fig.
What products or services does Sifter offer?
Sifter offers Sifter App, Sifter API, and Dynamic Product Search.
Who are Sifter's investors?
Sifter has 3 investors. Key investors include Wintrust, Valor Equity Partners, and HPA.