About Vertoe
Vertoe is a company based in New York (United States) founded in 2015.. Vertoe has raised $4.91 million across 4 funding rounds from investors including Techstars and ff Venture Capital. Vertoe offers products and services including Luggage Storage Service and Space Listing Service. Vertoe operates in a competitive market with competitors including Luggage Hero, Radical Storage, Bounce, ecbo and Bounce, among others.
- Headquarter New York, United States
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Sectors
Travel & Hospitality
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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 Vertoe 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
$4.91 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Seed
Dec 12, 2019
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Investors
Techstars
& 1 more
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Employee Count
Employee Count
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Products & Services of Vertoe
Vertoe offers a comprehensive portfolio of products and services, including Luggage Storage Service and Space Listing Service. 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.
Online platform for booking short-term luggage storage securely.
Feature allowing users to list and rent out storage spaces.
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Funding Insights of Vertoe
Vertoe has successfully raised a total of $4.91M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in December 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 4
- Last Round Seed — $2.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Vertoe | Valuation |
investors |
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| Oct, 2018 | Amount | Seed - Vertoe | Valuation | ff Venture Capital | |
| Sep, 2018 | Amount | Seed - Vertoe | 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 Vertoe
Vertoe has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Techstars and ff Venture Capital. 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 technology-enabled companies are invested in by ff Venture Capital.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured 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 Vertoe
| 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 - Vertoe
| 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 |
Vertoe Comparisons
Competitors of Vertoe
Vertoe 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 Luggage Hero, Radical Storage, Bounce, ecbo and Bounce, 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 |
Online marketplace for luggage storage services
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| domain | founded_year | HQ Location |
Luggage storage is facilitated via an online booking platform.
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| domain | founded_year | HQ Location |
SaaS solutions for business travel management are delivered.
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| domain | founded_year | HQ Location |
App-based luggage-storage platform for travelers
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| domain | founded_year | HQ Location |
SaaS solutions for business travel management are delivered.
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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 Vertoe
When was Vertoe founded?
Vertoe was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Vertoe located?
Vertoe is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Vertoe a funded company?
Vertoe is a funded company, having raised a total of $4.91M across 4 funding rounds to date. The company's 1st funding round was a Seed of $940.64K, raised on Jun 01, 2018.
What does Vertoe do?
Vertoe was founded in 2015 in New York, United States, operating as an online marketplace in the travel services sector. Travelers are linked with partner businesses for short-term luggage storage in select American locations. Storage options can be searched, compared, and booked based on provided details. Tamper-proof seals are supplied free of charge, with insurance coverage for baggage. Fees are structured as a fixed amount according to storage duration.
Who are the top competitors of Vertoe?
Vertoe's top competitors include Bounce, Bounce and Radical Storage.
What products or services does Vertoe offer?
Vertoe offers Luggage Storage Service and Space Listing Service.
Who are Vertoe's investors?
Vertoe has 2 investors. Key investors include Techstars, and ff Venture Capital.
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