About Wheel
Wheel is a Media & Entertainment company based in Los Angeles (United States) founded in 2015, and was acquired by Tinder in February 2017. App for creating collaborative video stories. Wheel has raised $1.2 million across 1 funding round from investors including Tinder, Upfront Ventures and Daher Investments. The company was acqui-hired. Its focus areas include Consumer, Social Platforms, Horizontal and Video Sharing. Its competitors include YouTube, Triller and TikTok; 2 of its 3 listed competitors have raised funding.
Company details
Wheel was founded in 2015 in Los Angeles, United States, as a mobile app developer in the video content sector. A free iOS application is offered for users to create and share video-based stories. Contributions to existing storylines or initiation of new ones are facilitated. The app was launched in 2016 and operates via the domain wheel.video.
- Headquarters Los Angeles, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website wheel.video
- Social X Facebook
- Acquired by Tinder (Feb 2017)
Funding Insights of Wheel
Wheel has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in June 2016. 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 $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(Jun 2016)
- Investors Count 2
All 1 funding rounds of Wheel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $1.2M | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Wheel
Wheel has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Tinder, Upfront Ventures and Daher Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to early-stage companies. | upfront.com | Los Angeles, United States | ||
A family office managing global investment portfolios is operated. | dahercapital.com | Dubai, United Arab Emirates | ||
Proximity-based online dating and matchmaking are facilitated through mobile swiping. | 2012 | tinder.com | Dublin, Ireland |
Investor details for Wheel
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Timeline of Wheel
3 dated milestones of Wheel across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Wheel is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Tinder.
Competitors of Wheel
Wheel has 3 listed competitors in our database, 2 of them funded. They include YouTube, Triller and TikTok.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| youtube.com | 2005 | San Bruno, United States | $11.5M | User-generated videos and content are shared and streamed online. | ||
| triller.co | 2015 | Los Angeles, United States | $400M | 86 | Music videos are created and shared through a mobile platform. | |
| tiktok.com | 2016 | Los Angeles, United States | 5 | Short videos are shared via a mobile social networking platform. |
Detailed competitors of Wheel
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Top companies in Social Platforms
3 companies that operate in the same segment as Wheel (Social Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online social networking and communication services are provided globally. | 2004 | Menlo Park, California, United States | USD 1.77 B | 23,339 | ||
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | |||
Subscription-based platform for publishers' content management is provided. | 2017 | San Francisco, California, United States | USD 189.5 M | USD 1.45 M | 4,285 |
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Related news about Wheel
Complete news archive for Wheel
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Frequently Asked Questions about Wheel
Wheel was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Wheel is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Wheel is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 2016.
Wheel was founded in 2015 in Los Angeles, United States, as a mobile app developer in the video content sector. A free iOS application is offered for users to create and share video-based stories. Contributions to existing storylines or initiation of new ones are facilitated. The app was launched in 2016 and operates via the domain wheel.video.
Wheel has 3 investors. Key investors include Tinder, Upfront Ventures, and Daher Investments.
Yes. Wheel was acquired by Tinder in February 2017.