About Trapit
Trapit is a company based in San Francisco (United States) founded in 2010 was acquired by ScribbleLive in May 2017.. Trapit has raised $19.76 million across 8 funding rounds from investors including ScribbleLive, Digital Five and Horizons Ventures. The company has 27 employees as of December 31, 2015. Trapit has completed 1 acquisition, including Addvocate. Trapit offers products and services including Subscription Platform, Pay-Per-View Feature, and Tipping System. Trapit operates in a competitive market with competitors including BNI, Extole, Firstup, Mention Me and Qmee, among others.
- Headquarter San Francisco, United States
- Employees 27 as on 31 Dec, 2015
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Sectors
Technology
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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
$19.76 M (USD)
in 8 rounds
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Latest Funding Round
$1000 K (USD), Series A
Aug 06, 2013
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Investors
ScribbleLive
& 3 more
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Employee Count
27
as on Dec 31, 2015
- Investments & Acquisitions
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Acquired by
ScribbleLive
(May 01, 2017)
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Products & Services of Trapit
Trapit offers a comprehensive portfolio of products and services, including Subscription Platform, Pay-Per-View Feature, and Tipping System. 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.
Enables creators to sell and monetize content through subscriptions
Allows one-time payments for specific creator content
Facilitates direct tips from subscribers to creators
Funding Insights of Trapit
Trapit has successfully raised a total of $19.76M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $1000 thousand completed in August 2013. 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 8
- Last Round Series A — $999,999
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First Round
First Round
(13 Oct 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series A - Trapit | Valuation |
investors |
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| Mar, 2013 | Amount | Series A - Trapit | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - Trapit | Valuation |
investors |
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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 Trapit
Trapit has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include ScribbleLive, Digital Five and Horizons 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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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward growth-stage companies.
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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 Trapit
Trapit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Addvocate. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee advocacy marketing software is provided for brand amplification.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Trapit
| 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 |
Trapit Comparisons
Competitors of Trapit
Trapit 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 BNI, Extole, Firstup, Mention Me and Qmee, 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 |
Referral marketing solutions are provided to businesses through networking platforms.
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B2C and P2P referral automation platform
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Cloud-based communication and employee experience management platform for enterprises
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| domain | founded_year | HQ Location |
Referral marketing solutions are delivered for eCommerce via word-of-mouth channels.
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App-based online platform offering rewards
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| domain | founded_year | HQ Location |
Advocate Marketing Solution
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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 Trapit
Frequently Asked Questions about Trapit
When was Trapit founded?
Trapit was founded in 2010.
Where is Trapit located?
Trapit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Trapit a funded company?
Trapit is a funded company, having raised a total of $19.76M across 8 funding rounds to date. The company's 1st funding round was a Series A of $721.97K, raised on Oct 13, 2010.
How many employees does Trapit have?
As of Dec 31, 2015, the latest employee count at Trapit is 27.
What does Trapit do?
Trapit provides content discovery sources including blogs, professional journals, news services, magazines, video feeds, and podcasts based on keyword search or interests. Core technology derived from a 200 million DARPA-funded research project in Artificial Information and Machine Learning. Uses AI and Machine Learning algorithms to improvise on content discovery. Content is curated using an intuitive interface; allows editing and voice narrations. One-click publish to many channels and auto publish-schedule. Clients include Microsoft, Astro, Black Creative, HD Vest, and SpinMedia.
What products or services does Trapit offer?
Trapit offers Subscription Platform, Pay-Per-View Feature, and Tipping System.
How many acquisitions has Trapit made?
Trapit has made 1 acquisition, including Addvocate.
Who are Trapit's investors?
Trapit has 4 investors. Key investors include ScribbleLive, Digital Five, Horizons Ventures, and Vformation.
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