About Tonit
Tonit is a company based in Kelowna (Canada) founded in 2016 by Jason Lotoski.. Tonit has raised $1.07 million across 2 funding rounds from investors including MAVAN Capital Partners, Valhalla Private Capital and Atrium Ventures. Tonit offers products and services including Tonit App and TONIT Full Throttle. Tonit operates in a competitive market with competitors including Harvest Hosts, Drivetribe, Bitauto, JustAnswer and Car Throttle, among others.
- Headquarter Kelowna, Canada
- Founders Jason Lotoski
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Sectors
Transportation, Automotive & LogisticsMedia & Entertainment
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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 Tonit Media Solutions 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
$1.07 M (USD)
in 2 rounds
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Latest Funding Round
$474.17 K (USD), Seed
Feb 01, 2019
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Investors
MAVAN Capital Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of Tonit
Tonit offers a comprehensive portfolio of products and services, including Tonit App and TONIT Full Throttle. 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.
Mobile app for connecting motorcyclists and sharing ride experiences
Premium features for tracking rides and accessing community events
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Funding Insights of Tonit
Tonit has successfully raised a total of $1.07M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $474.17 thousand completed in February 2019. 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 Seed — $474,170
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First Round
First Round
(15 Aug 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Seed - Tonit | Valuation |
investors |
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| Aug, 2018 | Amount | Seed - Tonit | Valuation | Atrium Ventures |
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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 Tonit
Tonit has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include MAVAN Capital Partners, Valhalla Private Capital and Atrium 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 investments in North American tech companies, focusing on early-stage and growth opportunities.
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Founded Year | Domain | Location | |
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A corporate finance firm focused on early-stage entrepreneurs is operated.
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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 Tonit
| 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 - Tonit
| 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 |
Tonit Comparisons
Competitors of Tonit
Tonit 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 Harvest Hosts, Drivetribe, Bitauto, JustAnswer and Car Throttle, 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 |
Overnight RV stays are facilitated at farms and attractions.
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| domain | founded_year | HQ Location |
Digital media platform for motoring enthusiasts
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| domain | founded_year | HQ Location |
Auto-related information is provided via an online platform.
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| domain | founded_year | HQ Location |
Visitors are connected with independent experts for online Q&A services.
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| domain | founded_year | HQ Location |
Community platform for auto enthusiasts
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| domain | founded_year | HQ Location |
Mobile app for automobile information
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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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Frequently Asked Questions about Tonit
When was Tonit founded?
Tonit was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Tonit located?
Tonit is headquartered in Kelowna, Canada. It is registered at Kelowna, British Columbia, Canada.
Who is the current CEO of Tonit?
Jason Lotoski is the current CEO of Tonit. They have also founded this company.
Is Tonit a funded company?
Tonit is a funded company, having raised a total of $1.07M across 2 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Aug 15, 2018.
What does Tonit do?
Tonit was founded in 2016 in Kelowna, Canada, as a developer of an app-based networking platform targeted at motorcycle enthusiasts. Nearby riders are located by users, content is shared, routes are tracked and saved, photos, videos, and news of motorcycles are posted, rider clubs are organized, profiles are customized, and favorite routes are saved and shared with group members. Availability is ensured on Android and iOS platforms.
Who are the top competitors of Tonit?
Tonit's top competitors include Harvest Hosts, JustAnswer and Drivetribe.
What products or services does Tonit offer?
Tonit offers Tonit App and TONIT Full Throttle.
Who are Tonit's investors?
Tonit has 3 investors. Key investors include MAVAN Capital Partners, Valhalla Private Capital, and Atrium Ventures.
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