About Toolbox
Toolbox is a company based in Boston (United States) founded in 2019 by Christopher Howes and Wil Eyi. It operates as a FinTech, and Freemium. Toolbox has raised $7.84 million across 3 funding rounds from investors including Y Combinator and MetaProp. Toolbox offers products and services including Corporate Card, Line of Credit, and Cash Management. Toolbox operates in a competitive market with competitors including Imprint, AppZen, Mendel, EML Payments and Jenji, among others.
- Headquarter Boston, United States
- Founders Christopher Howes, Wil Eyi
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Sectors
TechnologyFinancial Services
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Email
***********
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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
$7.84 M (USD)
in 3 rounds
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Latest Funding Round
$7.69 M (USD), Series A
Apr 08, 2022
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Investors
Y Combinator
& 1 more
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Employee Count
Employee Count
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Products & Services of Toolbox
Toolbox offers a comprehensive portfolio of products and services, including Corporate Card, Line of Credit, and Cash Management. 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.
Corporate cards are provided for business expense management.
Credit lines are offered for business cash flow support.
Tools are provided for managing business operating cash efficiently.
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Funding Insights of Toolbox
Toolbox has successfully raised a total of $7.84M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.69 million completed in April 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 Series A — $7.7M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Toolbox | Valuation |
investors |
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| Aug, 2020 | Amount | Seed - Toolbox | Valuation | Y Combinator |
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| Sep, 2019 | Amount | Seed - Toolbox | Valuation | MetaProp NYC |
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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 Toolbox
Toolbox has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Y Combinator and MetaProp. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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MetaProp is recognized as a leading PropTech venture capital firm.
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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 Toolbox
| 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 - Toolbox
| 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 |
Toolbox Comparisons
Competitors of Toolbox
Toolbox 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 Imprint, AppZen, Mendel, EML Payments and Jenji, 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 |
White-label payment card solutions are provided for brands.
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| domain | founded_year | HQ Location |
Personal Assistant for Expense Management
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| domain | founded_year | HQ Location |
Expense analysis and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
White-label solutions for payment cards
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| domain | founded_year | HQ Location |
AI-based expense management software is offered for businesses.
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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 Toolbox
When was Toolbox founded?
Toolbox was founded in 2019.
Where is Toolbox located?
Toolbox is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Toolbox?
Wil Eyi is the current CEO of Toolbox. They have also founded this company.
Is Toolbox a funded company?
Toolbox is a funded company, having raised a total of $7.84M across 3 funding rounds to date.
What does Toolbox do?
Toolbox is established as a financial technology company focused on small and medium-sized businesses. Financial solutions such as corporate cards, lines of credit, and cash management tools are provided. Integration with accounting platforms and personalized onboarding are offered to enhance cash flow management. The company operates in the FinTech sector, aiming to save time and reduce costs for businesses through innovative financial tools.
Who are the top competitors of Toolbox?
What products or services does Toolbox offer?
Toolbox offers Corporate Card, Line of Credit, and Cash Management.
Who are Toolbox's investors?
Toolbox has 2 investors. Key investors include Y Combinator, and MetaProp.
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