About Wethos
Wethos is a company based in New York (United States) founded in 2016 by Claire Humphreys and Rachel Renock.. Wethos has raised $16.42 million across 5 funding rounds from investors including SAP, Third Prime and Javelin Venture Partners. Wethos offers products and services including Proposals, Invoices, Payments, Wethos AI, and Analytics. Wethos operates in a competitive market with competitors including HoneyBook, Cosmofeed, Agenda Boa, Xolo and Bonsai, among others.
- Headquarter New York, United States
- Founders Claire Humphreys, Rachel Renock
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Sectors
Technology
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Email
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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
$16.42 M (USD)
in 5 rounds
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Latest Funding Round
$8 M (USD), Series B
Sep 23, 2021
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Investors
SAP
& 22 more
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Employee Count
Employee Count
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Products & Services of Wethos
Wethos offers a comprehensive portfolio of products and services, including Proposals, Invoices, Payments, Wethos AI, and Analytics. 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.
Tool for creating and customizing professional proposals quickly.
System for generating and scheduling client invoices efficiently.
Features for managing and automating client payment options.
AI-driven generator for creating detailed proposals instantly.
Platform for monitoring project and business metrics effectively.
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Funding Insights of Wethos
Wethos has successfully raised a total of $16.42M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in September 2021. 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 5
- Last Round Series B — $8.0M
- First Round First Round
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Wethos | Valuation | Third Prime | |
| Sep, 2019 | Amount | Series A - Wethos | Valuation | Laconia | |
| Jun, 2019 | Amount | Series A - Wethos | Valuation | Flybridge Capital Partners , Brooklyn Bridge Ventures |
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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 Wethos
Wethos has secured backing from 23 investors, including venture fund and institutional investors. Prominent investors backing the company include SAP, Third Prime and Javelin Venture Partners. 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 funded by Third Prime venture capital firm.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in US companies.
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Founded Year | Domain | Location | |
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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 Wethos
| 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 - Wethos
| 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 |
Wethos Comparisons
Competitors of Wethos
Wethos 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 HoneyBook, Cosmofeed, Agenda Boa, Xolo and Bonsai, 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 |
Client workflows are automated and managed by HoneyBook software.
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| domain | founded_year | HQ Location |
Platform offering a suite of products for creators and soloprenuers to monetize digital content
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| domain | founded_year | HQ Location |
Online platform for freelancers to manage their projects and business
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| domain | founded_year | HQ Location |
Invoicing and compliance solutions are provided for independent professionals.
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| domain | founded_year | HQ Location |
Cloud-based platform for freelance contract and payment management is offered.
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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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Latest news on Wethos
Frequently Asked Questions about Wethos
When was Wethos founded?
Wethos was founded in 2016.
Where is Wethos located?
Wethos is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Wethos?
Rachel Renock is the current CEO of Wethos. They have also founded this company.
Is Wethos a funded company?
Wethos is a funded company, having raised a total of $16.42M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.42M, raised on Jun 01, 2016.
What does Wethos do?
Cloud-based freelancer platform for business management. It offers price projects, upsells clients, and delegate work to teammates. It is a tool available on the subscription-based pricing model. It is for small business owners.
Who are the top competitors of Wethos?
What products or services does Wethos offer?
Wethos offers Proposals, Invoices, Payments, Wethos AI, and Analytics.
Who are Wethos's investors?
Wethos has 23 investors. Key investors include SAP, Third Prime, Javelin Venture Partners, FullCircle, and F7 Ventures.
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