About WorldMate
WorldMate is a company based in Tel Aviv (Israel) founded in 2000 was acquired by CWT in October 2012.. WorldMate has raised $8.51 million across 2 funding rounds from investors including Motorola Solutions, Relay Ventures and BlackBerry Partners Fund. WorldMate operates in a competitive market with competitors including TripIt, Stippl, Wanderlog, Fineway and Aruba, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Travel & Hospitality
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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
$8.51 M (USD)
in 2 rounds
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Latest Funding Round
$505 K (USD), Series C
Mar 31, 2012
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Investors
Motorola Solutions
& 4 more
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Employee Count
Employee Count
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Acquired by
CWT
(Oct 31, 2012)
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Funding Insights of WorldMate
WorldMate has successfully raised a total of $8.51M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $505 thousand completed in March 2012. 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 2
- Last Round Series C — $505,000
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First Round
First Round
(29 Oct 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2012 | Amount | Series C - WorldMate | Valuation |
investors |
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| Oct, 2008 | Amount | Series C - WorldMate | Valuation | BlackBerry Partners Fund , Motorola Solutions |
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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 WorldMate
WorldMate has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Motorola Solutions, Relay Ventures and BlackBerry Partners Fund. 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 investments are provided by Relay Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture investments are focused on mobile software solutions.
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Founded Year | Domain | Location | |
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Communication technology provider
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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 WorldMate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - WorldMate
| 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 |
Worldmate Comparisons
Competitors of WorldMate
WorldMate 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 TripIt, Stippl, Wanderlog, Fineway and Aruba, 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 |
Provider of a travel planner app
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| domain | founded_year | HQ Location |
Online post-booking-based trip planning platform for travelers
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| domain | founded_year | HQ Location |
App-based platform for trip planning
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| domain | founded_year | HQ Location |
An AI-powered personal travel assistant for holiday bookings.
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| domain | founded_year | HQ Location |
Aruba is promoted as a premier island vacation destination.
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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 Worldmate
Frequently Asked Questions about WorldMate
When was WorldMate founded?
WorldMate was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is WorldMate located?
WorldMate is headquartered in Tel Aviv, Israel.
Is WorldMate a funded company?
WorldMate is a funded company, having raised a total of $8.51M across 2 funding rounds to date. The company's 1st funding round was a Series C of $8M, raised on Oct 29, 2008.
What does WorldMate do?
WorldMate was founded in 2000 in Tel Aviv, Israel, as an online platform in the travel technology sector. Itineraries for flights, hotel bookings, and rental cars are managed by users. Real-time alerts on flight updates, delays, and weather conditions are provided. The service is accessible via apps for iOS and Android devices, supporting global travelers in organizing their trips.
Who are the top competitors of WorldMate?
Who are WorldMate's investors?
WorldMate has 5 investors. Key investors include Motorola Solutions, Relay Ventures, BlackBerry Partners Fund, AMC Communications, and CWT.
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