About Tower
Tower is a company based in San Francisco (United States) founded in 2024 by Andy Zhang, Noah Walters, and Adam Dorfman. It operates as a SaaS (Software-as-a-Service). Tower has raised $125 thousand across 1 funding round from investors including Y Combinator. Tower offers products and services including Tower Data Room. Tower operates in a competitive market with competitors including Onit, Legl, Josef, KiteRa and Streamline, among others.
- Headquarter San Francisco, United States
- Founders Andy Zhang, Noah Walters, Adam Dorfman
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Sectors
Professional & Legal 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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- Legal Name Tower Software Labs 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
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Tower
Tower offers a comprehensive portfolio of products and services, including Tower Data Room. 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.
AI-driven data room for legal due diligence.
Funding Insights of Tower
Tower has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2024. 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 — $125,000
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Tower | Valuation | Y Combinator |
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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 Tower
Tower has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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 |
| 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 Tower
| 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 - Tower
| 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 |
Tower Comparisons
Competitors of Tower
Tower 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 Onit, Legl, Josef, KiteRa and Streamline, 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 |
Enterprise legal workflows are automated via cloud-based management software.
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| domain | founded_year | HQ Location |
Legal workflows are automated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Platform offering legal workflow automation software
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| domain | founded_year | HQ Location |
Workflow automation platform is provided for rule creation and management.
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| domain | founded_year | HQ Location |
Streamline is recognized for AI-driven supply chain planning software.
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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 Tower
When was Tower founded?
Tower was founded in 2024.
Where is Tower located?
Tower is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Tower?
Adam Dorfman is the current CEO of Tower. They have also founded this company.
Is Tower a funded company?
Tower is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2024.
What does Tower do?
Tower is engaged in providing AI-driven data room solutions for legal workflows, particularly in due diligence processes. The company operates in the legal tech sector, offering tools for secure document storage, intelligent collaboration, and automated organization of files. Solutions provided by Tower include real-time collaboration on request lists, AI-based document analysis, and integration with existing data sources like Sharepoint and Google Drive. The platform is designed to streamline deal processes by reducing administrative overhead and enhancing data security.
What products or services does Tower offer?
Tower offers Tower Data Room.
Who are Tower's investors?
Tower has 1 investor. Key investors include Y Combinator.
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