About Socialtext
Socialtext is a company based in Palo Alto (United States) founded in 2002 was acquired by Peoplefluent in May 2012.. Socialtext has raised $18.87 million across 4 funding rounds from investors including PeopleFluent, Omidyar Network and DFJ. The company has 16 employees as of December 31, 2014. Socialtext offers products and services including Compensation Software, Learning Software, Org Charting Software, and Talent Management Software. Socialtext operates in a competitive market with competitors including Yammer, DatChat, Haystack, CubeTree and Convo, among others.
- Headquarter Palo Alto, United States
- Employees 16 as on 31 Dec, 2014
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Socialtext 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
$18.87 M (USD)
in 4 rounds
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Latest Funding Round
$6.27 M (USD), Series D
Apr 03, 2009
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Investors
PeopleFluent
& 3 more
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Employee Count
16
as on Dec 31, 2014
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Acquired by
Peoplefluent
(May 02, 2012)
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Products & Services of Socialtext
Socialtext offers a comprehensive portfolio of products and services, including Compensation Software, Learning Software, Org Charting Software, and Talent Management Software. 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.
Manages pay and rewards to ensure competitiveness in enterprises
Develops programs for employee training and compliance
Provides real-time insights for workforce visualization
Supports performance and succession planning in organizations
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Funding Insights of Socialtext
Socialtext has successfully raised a total of $18.87M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $6.27 million completed in April 2009. 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 4
- Last Round Series D — $6.3M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2009 | Amount | Series D - Socialtext | Valuation | DFJ , Omidyar Network |
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| Nov, 2007 | Amount | Series C - Socialtext | Valuation |
investors |
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| Jun, 2005 | Amount | Series B - Socialtext | Valuation |
investors |
| 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 Socialtext
Socialtext has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include PeopleFluent, Omidyar Network and DFJ. 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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US focused VC firm
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Founded Year | Domain | Location | |
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Investing in technology, digital culture, governance, and business initiatives.
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Founded Year | Domain | Location | |
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Venture capital fund backed by corporate office
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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 Socialtext
| 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 - Socialtext
| 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 |
Socialtext Comparisons
Competitors of Socialtext
Socialtext 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 Yammer, DatChat, Haystack, CubeTree and Convo, 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 |
Enterprise social networking is provided for team collaboration across organizations.
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| domain | founded_year | HQ Location |
Ephemeral messaging platform offered for enterprise social networking.
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| domain | founded_year | HQ Location |
Cloud-based analytics solutions are offered for software teams.
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| domain | founded_year | HQ Location |
Enterprise social networking and collaboration suite is offered.
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| domain | founded_year | HQ Location |
Secure real-time collaboration is enabled for dispersed business teams.
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| domain | founded_year | HQ Location |
Intranet software solutions are provided for employee collaboration and networking.
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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 Socialtext
Frequently Asked Questions about Socialtext
When was Socialtext founded?
Socialtext was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Where is Socialtext located?
Socialtext is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Socialtext a funded company?
Socialtext is a funded company, having raised a total of $18.87M across 4 funding rounds to date. The company's 1st funding round was a Series B of $3.1M, raised on Jun 01, 2004.
How many employees does Socialtext have?
As of Dec 31, 2014, the latest employee count at Socialtext is 16.
What does Socialtext do?
Socialtext is a Bedford Funding portfolio company. Socialtexts enterprise social networking products, including microblogging, blogs, wikis, profiles and social spreadsheets, provide ways for employees to share vital information and work together in real-time. Built on a flexible, web-oriented architecture, Socialtext integrates with any traditional system of record, such as CRM and ERP, enabling companies to discuss, collaborate, and take action on key business processes. More than 6,500 businesses worldwide have accelerated their business performance with Socialtext, including Getty Images, Symantec, Meredith Corporation, NYU Stern, OSIsoft, and Epitaph Records. On May 1, 2012, Socialtext was acquired by Bedford Funding, a private equity firm that owns Peoplefluent. Social Text is now a subsidiary of PeopleFluent.
Who are the top competitors of Socialtext?
What products or services does Socialtext offer?
Socialtext offers Compensation Software, Learning Software, Org Charting Software, and Talent Management Software.
Who are Socialtext's investors?
Socialtext has 4 investors. Key investors include PeopleFluent, Omidyar Network, DFJ, and SAP Ventures.