About TeamBuy Toronto
TeamBuy Toronto is a company based in Toronto (Canada) founded in 2009 was acquired by nCrowd in September 2014.. TeamBuy Toronto has raised $12 million across 2 funding rounds from investors including B.E.S.T. Funds and nCrowd. TeamBuy Toronto operates in a competitive market with competitors including ethicalDeal.com, WonupShop and Moremee, among others.
- Headquarter Toronto, Canada
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Sectors
Retail
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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
$12 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series A
Feb 22, 2012
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Investors
B.E.S.T. Funds
& 1 more
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Employee Count
Employee Count
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Acquired by
nCrowd
(Sep 25, 2014)
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Funding Insights of TeamBuy Toronto
TeamBuy Toronto has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in February 2012. 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 2
- Last Round Series A — $5.0M
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First Round
First Round
(21 Jul 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2012 | Amount | Series A - TeamBuy Toronto | Valuation |
investors |
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| Jul, 2011 | Amount | Series A - TeamBuy Toronto | 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 TeamBuy Toronto
TeamBuy Toronto has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include B.E.S.T. Funds and nCrowd. 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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Venture capital and private equity investments are managed by B.E.S.T. Funds.
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Founded Year | Domain | Location | |
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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 TeamBuy Toronto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - TeamBuy Toronto
| 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 |
Teambuy Toronto Comparisons
Competitors of TeamBuy Toronto
TeamBuy Toronto 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 ethicalDeal.com, WonupShop and Moremee, 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 |
Deal platform for organic/ green products
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| domain | founded_year | HQ Location |
Group buying is enabled online for collective discounts on products.
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| domain | founded_year | HQ Location |
Online platform for group buys, deals on essentials, community networking, and mom trainings.
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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 TeamBuy Toronto
When was TeamBuy Toronto founded?
TeamBuy Toronto was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is TeamBuy Toronto located?
TeamBuy Toronto is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is TeamBuy Toronto a funded company?
TeamBuy Toronto is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jul 21, 2011.
What does TeamBuy Toronto do?
TeamBuy Toronto was established in 2009 in Toronto, Canada, as an online group-buying platform. Discounts on goods and services are provided in sectors including restaurants, home decor, vacations, health, and beauty. Operations focus on aggregating buyer interest to secure bulk deals, with the platform accessible via teambuy.ca. The service targets consumers in Canada, emphasizing e-commerce in the daily deals industry.
Who are the top competitors of TeamBuy Toronto?
TeamBuy Toronto's top competitors include WonupShop, ethicalDeal.com and Moremee.
Who are TeamBuy Toronto's investors?
TeamBuy Toronto has 2 investors. Key investors include B.E.S.T. Funds, and nCrowd.