About xigxag
xigxag is a company based in Gunnislake (United Kingdom) founded in 2019 by Mark Chaplin.. xigxag has raised $1.8 million across 2 funding rounds from investors including Cornwall & Isles of Scilly Investment Fund. The company has 3 employees as of July 31, 2022. xigxag offers products and services including xigxag App and x-book. xigxag operates in a competitive market with competitors including Storytel, Podimo, Yoto, Fonos and Beek, among others.
- Headquarter Gunnislake, United Kingdom
- Employees 3 as on 31 Jul, 2022
- Founders Mark Chaplin
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Sectors
Media & Entertainment
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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 Xigxag Limited
- Date of Incorporation 15 Jul, 2019
- Jurisdiction BODMIN, 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
$1.8 M (USD)
in 2 rounds
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Latest Funding Round
$614.93 K (USD), Seed
Dec 16, 2022
- Investors
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Employee Count
3
as on Jul 31, 2022
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Products & Services of xigxag
xigxag offers a comprehensive portfolio of products and services, including xigxag App and x-book. 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.
App for buying and listening to audiobooks with social features.
Combined audiobook and text format for enhanced reading experience.
Funding Insights of xigxag
xigxag has successfully raised a total of $1.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $614.93 thousand completed in December 2022. 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 Seed — $614,925
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First Round
First Round
(14 Jul 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - xigxag | Valuation | CIOSIF |
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| Jul, 2022 | Amount | Seed - xigxag | Valuation | CIOSIF |
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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 xigxag
xigxag has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Cornwall & Isles of Scilly Investment 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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Funding is provided to SMEs in Cornwall and Isles of Scilly.
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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 xigxag
| 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 - xigxag
| 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 |
Xigxag Comparisons
Competitors of xigxag
xigxag 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 Storytel, Podimo, Yoto, Fonos and Beek, 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 |
App-based subscription platform for e-books
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| domain | founded_year | HQ Location |
Podcasts and audiobooks are provided through a creator-focused audio platform.
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| domain | founded_year | HQ Location |
Audio-based learning solutions with stories and music are provided.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via an app-based platform.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via a SaaS platform.
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| domain | founded_year | HQ Location |
Platform that offers access for a vast library of audiobooks
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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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Frequently Asked Questions about xigxag
When was xigxag founded?
xigxag was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is xigxag located?
xigxag is headquartered in Gunnislake, United Kingdom. It is registered at Gunnislake, Cornwall, United Kingdom.
Is xigxag a funded company?
xigxag is a funded company, having raised a total of $1.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.19M, raised on Jul 14, 2022.
How many employees does xigxag have?
As of Jul 31, 2022, the latest employee count at xigxag is 3.
What does xigxag do?
App-based multi-genre audiobook provider. The platform provides audiobooks in various categories, including romance, lifestyle, business, and more. The mobile application is available for Android users.
What products or services does xigxag offer?
xigxag offers xigxag App and x-book.
Who are xigxag's investors?
xigxag has 1 investor. Key investors include Cornwall & Isles of Scilly Investment Fund.