About Weengs
Weengs is a company based in London (United Kingdom) founded in 2015 by Alex Christodoulou and Greg Zontanos. It operates as a B2B. Weengs has raised $11.2 million across 3 funding rounds from investors including Seedcamp, Oxford Capital and Venture Friends. The company has 1 employees as of January 31, 2022. Weengs operates in a competitive market with competitors including Parcel2Go, My Parcel Delivery, ParcelHero.com, Boxby and ParcelBroker, among others.
- Headquarter London, United Kingdom
- Employees 1 as on 31 Jan, 2022
- Founders Alex Christodoulou, Greg Zontanos
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Weengs Limited
- Date of Incorporation 11 Feb, 2015
- Jurisdiction HARROW, MIDDLESEX, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.2 M (USD)
in 3 rounds
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Latest Funding Round
$8.48 M (USD), Series A
Apr 18, 2019
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Investors
Seedcamp
& 4 more
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Employee Count
1
as on Jan 31, 2022
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Funding Insights of Weengs
Weengs has successfully raised a total of $11.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8.48 million completed in April 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 3
- Last Round Series A — $8.5M
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First Round
First Round
(01 Jul 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series A - Weengs | Valuation | Oxford Capital | |
| Oct, 2016 | Amount | Seed - Weengs | Valuation |
investors |
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| Jul, 2015 | Amount | Angel Round - Weengs | 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 Weengs
Weengs has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Seedcamp, Oxford Capital and Venture Friends. 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 venture capital is invested in UK technology sectors.
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Founded Year | Domain | Location | |
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Investments are made in proptech, fintech, SaaS, and multiple sectors.
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology 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 Weengs
| 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 - Weengs
| 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 |
Weengs Comparisons
Competitors of Weengs
Weengs 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 Parcel2Go, My Parcel Delivery, ParcelHero.com, Boxby and ParcelBroker, 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 |
A marketplace for comparing courier services is operated by Parcel2Go.
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| domain | founded_year | HQ Location |
Courier rate comparison and booking platform
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| domain | founded_year | HQ Location |
Courier services are compared and booked via an online marketplace.
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| domain | founded_year | HQ Location |
UK-based courier services aggregator
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| domain | founded_year | HQ Location |
Provides low-cost parcel delivery comparisons and bookings for businesses and individuals.
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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 Weengs
Frequently Asked Questions about Weengs
When was Weengs founded?
Weengs was founded in 2015.
Where is Weengs located?
Weengs is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Weengs?
Greg Zontanos is the current CEO of Weengs. They have also founded this company.
Is Weengs a funded company?
Weengs is a funded company, having raised a total of $11.2M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $27.52K, raised on Jul 01, 2015.
How many employees does Weengs have?
As of Jan 31, 2022, the latest employee count at Weengs is 1.
What does Weengs do?
Weengs functions as an online marketplace for shipping services through operating online marketplaces, streamlining logistics processes, providing shipping services, and online marketplace. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Weengs?
Weengs's top competitors include Parcel2Go, My Parcel Delivery and ParcelHero.com.
Who are Weengs's investors?
Weengs has 5 investors. Key investors include Seedcamp, Oxford Capital, Venture Friends, Cherry Ventures, and LocalGlobe.
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