About Thriftify
Thriftify is a company based in Dublin (Ireland) founded in 2015 by Ronan O Caoimh and Timur Negru. It operates as a B2C. Thriftify has raised $2.22 million across 3 funding rounds from investors including Enterprise Ireland, Elkstone and Government. Thriftify operates in a competitive market with competitors including Reuzi, Faerly, Lalucianagh and Planet A, among others.
- Headquarter Dublin, Ireland
- Founders Ronan O Caoimh, Timur Negru
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thriftify Technologies Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.22 M (USD)
in 3 rounds
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Latest Funding Round
$1.63 M (USD), Angel Round
Aug 09, 2022
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Investors
Enterprise Ireland
& 5 more
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Employee Count
Employee Count
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Funding Insights of Thriftify
Thriftify has successfully raised a total of $2.22M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $1.63 million completed in August 2022. 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 3
- Last Round Angel Round — $1.6M
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First Round
First Round
(28 Oct 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Angel Round - Thriftify | Valuation | Halo Business Angel Network | |
| Aug, 2021 | Amount | Grant - Thriftify | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Thriftify | Valuation | Elkstone , Enterprise Ireland |
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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 Thriftify
Thriftify has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Enterprise Ireland, Elkstone and Government. 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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A platform connecting angel investors to startups in Ireland.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Provider of wealth management and portfolio management services
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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 Thriftify
| 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 - Thriftify
| 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 |
Thriftify Comparisons
Competitors of Thriftify
Thriftify 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 Reuzi, Faerly, Lalucianagh and Planet A, 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 |
Sells eco-friendly items and educates on zero-waste living practices.
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| domain | founded_year | HQ Location |
Faerly sells sustainable living items online from eco-conscious brands worldwide.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling multi-category eco-friendly products.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category eco-friendly products to promote sustainability.
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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 Thriftify
Frequently Asked Questions about Thriftify
When was Thriftify founded?
Thriftify was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Thriftify located?
Thriftify is headquartered in Dublin, Ireland.
Who is the current CEO of Thriftify?
Ronan O Caoimh is the current CEO of Thriftify. They have also founded this company.
Is Thriftify a funded company?
Thriftify is a funded company, having raised a total of $2.22M across 3 funding rounds to date. The company's 1st funding round was a Seed of $590.8K, raised on Oct 28, 2020.
What does Thriftify do?
Thriftify, based in Dublin, focuses on operating online marketplaces, sustainable products, online marketplace, and multi-category retail. Online marketplace offering multi-category sustainable products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Thriftify?
Thriftify's top competitors include Reuzi, Faerly and Lalucianagh.
Who are Thriftify's investors?
Thriftify has 6 investors. Key investors include Enterprise Ireland, Elkstone, Government, HBAN, and Ben Lewis.