About Sponge
Sponge is a company based in San Francisco (United States) founded in 2009 was acquired by Kurtosys in August 2011.. Sponge has raised $400 thousand across 1 funding round from investors including Kurtosys. Sponge operates in a competitive market with competitors including Quora, Zhihu, Stack Overflow, Answers and Piazza, among others.
- Headquarter San Francisco, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of Sponge
Sponge has successfully raised a total of $400K through 1 strategic funding round. The most recent funding activity was a Seed round of $400 thousand completed in April 2010. 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 — $400,000
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First Round
First Round
(19 Apr 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2010 | Amount | Seed - Sponge | 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 Sponge
Sponge has secured backing from 1 investor. Prominent investors backing the company include Kurtosys. 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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Cloud-based digital marketing solutions are offered for asset managers.
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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 Sponge
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sponge
| 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 |
Sponge Comparisons
Competitors of Sponge
Sponge 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 Quora, Zhihu, Stack Overflow, Answers and Piazza, 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 |
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| domain | founded_year | HQ Location |
Questions are asked and answered on a social community platform.
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| domain | founded_year | HQ Location |
Questions and answers are facilitated on an app-based social platform.
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| domain | founded_year | HQ Location |
Social platform for IT professionals & programmers
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| domain | founded_year | HQ Location |
Questions are asked and answered on a social Q&A platform.
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| domain | founded_year | HQ Location |
Online Q&A platform for student-teacher collaboration is facilitated.
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| domain | founded_year | HQ Location |
Visitors are connected with independent experts for online Q&A services.
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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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On-demand services are booked through an app-based platform.
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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 Sponge
When was Sponge founded?
Sponge was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Sponge located?
Sponge is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Sponge a funded company?
Sponge is a funded company, having raised a total of $400K across 1 funding round to date. The company's 1st funding round was a Seed of $400K, raised on Apr 19, 2010.
What does Sponge do?
Sponge was founded in 2009 in San Francisco, United States, as a QA platform in the online community sector. Structured questions and answers are shared by users on topics tied to brands, media outlets, and topical sites. Subscriptions to questions, topics, and individuals are supported. The platform was acquired by Kurtosys for an undisclosed amount.
Who are the top competitors of Sponge?
Sponge's top competitors include Quora, Stack Overflow and Zhihu.
Who are Sponge's investors?
Sponge has 1 investor. Key investors include Kurtosys.