About Sketchar
Sketchar is a company based in Vilnius (Lithuania) founded in 2017 by Alex Danilin and Andrey Drobitko.. Sketchar has raised $500 thousand across 1 funding round from investors including Boost VC. Sketchar operates in a competitive market with competitors including MakersPlace, Autograph, Art Blocks, Taproot Wizards and SuperRare, among others.
- Headquarter Vilnius, Lithuania
- Founders Alex Danilin, Andrey Drobitko
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Sketchar
Sketchar has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 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 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Jun 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Sketchar | Valuation | Boost VC |
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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 Sketchar
Sketchar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Boost VC. 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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Investing in Deep Tech and emerging technologies for 12 years.
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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 Sketchar
| 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 - Sketchar
| 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 |
Sketchar Comparisons
Competitors of Sketchar
Sketchar 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 MakersPlace, Autograph, Art Blocks, Taproot Wizards and SuperRare, 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 |
Digital art products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
Unique digital collections are created and traded using NFTs.
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| domain | founded_year | HQ Location |
Digital card collectibles are traded through an online NFT marketplace.
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| domain | founded_year | HQ Location |
Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain
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| domain | founded_year | HQ Location |
Online marketplace to sell and collect digital art
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| domain | founded_year | HQ Location |
Digital art and NFTs are discovered, collected, and traded online.
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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 Sketchar
When was Sketchar founded?
Sketchar was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Sketchar located?
Sketchar is headquartered in Vilnius, Lithuania.
Who is the current CEO of Sketchar?
Andrey Drobitko is the current CEO of Sketchar. They have also founded this company.
Is Sketchar a funded company?
Sketchar is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2021.
What does Sketchar do?
Sketchar was founded in 2017 in Vilnius, Lithuania, as an AI-based mobile app and platform. Creativity is fostered among users via interactive AR drawing features, photo editing tools, and gamification elements. Operations focus on the edtech sector, delivering digital experiences accessible worldwide through mobile devices. The company is led by co-founders Alex Danilin and Andrey Drobitko, with Drobitko serving as CEO.
Who are the top competitors of Sketchar?
Sketchar's top competitors include MakersPlace, Taproot Wizards and Art Blocks.
Who are Sketchar's investors?
Sketchar has 1 investor. Key investors include Boost VC.