About Treads
Treads is a company based in United States founded in 2019.. Treads has raised $4.6 million across 1 funding round from investors including Mucker, Kickstart Fund and Royal Street VC. Treads offers products and services including Tire Subscription, Mobile Tire Installation, and Roadside Assistance. Treads operates in a competitive market with competitors including Goodyear, TireTutor, Tire Agent, Dobbs Tire & Auto Centers and America’s Tire, among others.
- Headquarter United States
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Sectors
Transportation, Automotive & Logistics
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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 Treads App, 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
$4.6 M (USD)
in 1 rounds
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Latest Funding Round
$4.6 M (USD), Seed
Aug 15, 2023
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Investors
Mucker
& 4 more
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Employee Count
Employee Count
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Products & Services of Treads
Treads offers a comprehensive portfolio of products and services, including Tire Subscription, Mobile Tire Installation, and Roadside Assistance. 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.
Monthly plan for new tires, repairs, and rotations via app.
App-based scheduling for tire fitting at user's location.
24/7 help for towing, jumpstarts, and fuel delivery services.
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Funding Insights of Treads
Treads has successfully raised a total of $4.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.6 million completed in August 2023. 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 — $4.6M
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First Round
First Round
(15 Aug 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - Treads | Valuation | Mucker |
| 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 Treads
Treads has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Mucker, Kickstart Fund and Royal Street VC. 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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Accelerator and venture capital firm
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Founded Year | Domain | Location | |
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Royal Street VC is engaged in early-stage venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided to Utah startups.
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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 Treads
| 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 - Treads
| 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 |
Treads Comparisons
Competitors of Treads
Treads 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 Goodyear, TireTutor, Tire Agent, Dobbs Tire & Auto Centers and America’s Tire, 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 |
Tires for vehicles and machinery are manufactured and supplied worldwide.
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| domain | founded_year | HQ Location |
Vehicle tires are purchased online via connections to local dealers.
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| domain | founded_year | HQ Location |
Tires are distributed and mobile fittings are scheduled online.
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| domain | founded_year | HQ Location |
Dealer of tires and provides automotive services
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| domain | founded_year | HQ Location |
Automotive tires are purchased via an online platform.
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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 Treads
Frequently Asked Questions about Treads
When was Treads founded?
Treads was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Treads located?
Treads is headquartered in United States.
Is Treads a funded company?
Treads is a funded company, having raised a total of $4.6M across 1 funding round to date. The company's 1st funding round was a Seed of $4.6M, raised on Aug 15, 2023.
What does Treads do?
Treads was established in 2019 within the United States, focusing on the automotive sector. Vehicle tires are produced through manufacturing processes tailored to industry standards. Operations encompass design and production of tires for various automotive applications. The companys domain, treads.app, supports digital engagement. Activities are centered in the tire manufacturing industry, serving domestic markets with factual emphasis on quality components and supply chain integration.
Who are the top competitors of Treads?
Treads's top competitors include Goodyear, TireTutor and America’s Tire.
What products or services does Treads offer?
Treads offers Tire Subscription, Mobile Tire Installation, and Roadside Assistance.
Who are Treads's investors?
Treads has 5 investors. Key investors include Mucker, Kickstart Fund, Royal Street VC, Convoi Ventures, and Peak Ventures.
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