About Thanks
Thanks is a company based in Sydney (Australia) founded in 2023 by Cayley Ostrin, Steven Tesoriero, and Doron Ostrin. It operates as a Advertising Model, and Two-Sided Marketplace. Thanks has raised $2.6 million across 1 funding round from investors including Peak XV Partners, Founder Collective and Side Stage Ventures. Thanks offers products and services including Thanks Ad Network, Post-Purchase Monetization, and In-App Advertising. Thanks operates in a competitive market with competitors including Bonat, Nift, Merit Incentives, Transaction Wireless and eCard Systems, among others.
- Headquarter Sydney, Australia
- Founders Cayley Ostrin, Steven Tesoriero, Doron Ostrin
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Sectors
Technology
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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 Thanksad Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.6 M (USD)
in 1 rounds
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Latest Funding Round
$2.6 M (USD), Seed
Mar 11, 2025
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Investors
Peak XV Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of Thanks
Thanks offers a comprehensive portfolio of products and services, including Thanks Ad Network, Post-Purchase Monetization, and In-App Advertising. 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.
Customer-first ad experiences are delivered at key moments.
Revenue is generated through post-purchase ad placements.
In-app banners are turned into high-performing ads.
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Funding Insights of Thanks
Thanks has successfully raised a total of $2.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.6 million completed in March 2025. 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 — $2.6M
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First Round
First Round
(11 Mar 2025)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - Thanks | 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 Thanks
Thanks has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Peak XV Partners, Founder Collective and Side Stage Ventures. 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 firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Side Stage Ventures is focused on seed funding for early-stage startups.
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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 Thanks
| 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 - Thanks
| 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 |
Thanks Comparisons
Competitors of Thanks
Thanks 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 Bonat, Nift, Merit Incentives, Transaction Wireless and eCard Systems, 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 |
App-based loyalty software is offered for rewards and point collection.
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| domain | founded_year | HQ Location |
A rewards network connects small businesses for customer loyalty programs.
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| domain | founded_year | HQ Location |
Merit Incentives is recognized as a global provider of engagement technology.
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| domain | founded_year | HQ Location |
Digital gift cards and marketing platform
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| domain | founded_year | HQ Location |
Card-based loyalty and gift programs are integrated with POS systems.
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| domain | founded_year | HQ Location |
Gift card management software is offered for business voucher sites.
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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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Latest news on Thanks
Frequently Asked Questions about Thanks
When was Thanks founded?
Thanks was founded in 2023 and raised its 1st funding round 2 years after it was founded.
Where is Thanks located?
Thanks is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Thanks?
Steven Tesoriero is the current CEO of Thanks. They have also founded this company.
Is Thanks a funded company?
Thanks is a funded company, having raised a total of $2.6M across 1 funding round to date. The company's 1st funding round was a Seed of $2.6M, raised on Mar 11, 2025.
What does Thanks do?
Thanks is engaged in providing innovative advertising solutions through a customer-first ad network. The company operates in the digital advertising sector, offering monetization opportunities via post-purchase, in-app, and push campaign placements. Solutions are designed to blend seamlessly into user experiences, leveraging AI-driven decisioning and first-party data for relevant targeting. Partnerships, such as with Linktree, enable scaling of influencer programs to millions of creators. Incremental revenue and customer acquisition are facilitated without compromising user trust or experience.
Who are the top competitors of Thanks?
Thanks's top competitors include Nift, Merit Incentives and Bonat.
What products or services does Thanks offer?
Thanks offers Thanks Ad Network, Post-Purchase Monetization, and In-App Advertising.
Who are Thanks's investors?
Thanks has 3 investors. Key investors include Peak XV Partners, Founder Collective, and Side Stage Ventures.