About Yet2
Yet2 is a Business Services company based in Waltham (United States) founded in 1999 by Ben duPont, and was acquired by Scipher Medicine in December 2002. Management consulting, technology scouting, and licensing services are provided. It operates on a Professional Services and Brokerage / Intermediation model. Yet2 has raised $45 million across 3 funding rounds from investors including Procter & Gamble, Ohio.gov and Caterpillar. The company has 16 employees. Its chief executive, as recorded, is Tim Bernstein. Its website yet2.com draws about 14 thousand monthly visits. Yet2 offers products and services including Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing. Its focus areas include Consulting, Innovation Consulting, Open Innovation and Technology. Its legal entity is YET2.COM, INC. Its competitors include Thoughtworks and Synechron; 1 of its 2 listed competitors has raised funding.
Company details
Open innovation and technology scouting services are offered by Yet2 to drive growth within corporate innovation strategies. Expertise is provided across various industries including chemicals, consumer goods, energy, healthcare, and technology. Solutions such as near-term topic-specific scouting, long-term technology scouting, and open innovation consulting are delivered to help clients stay ahead of emerging trends and integrate external innovation. Support is extended through deal facilitation, training, and strategic guidance to ensure successful execution of innovation initiatives.
- Headquarters Waltham, United States
- Employees 16
- Founders Ben duPont
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website yet2.com
- Social LinkedIn X Facebook
- Acquired by Scipher Medicine (Dec 2002)
- Legal Name Yet2.Com, Inc.
- Total Equity Funding$45M (USD)
in 3 rounds
- Latest Funding Round$2M (USD), Grant
Aug 2012
- InvestorsProcter & Gamble
& 7 more
- Employee Count16
- Acquired byScipher Medicine
(Dec 2002)
Products & Services of Yet2
Yet2 offers a comprehensive portfolio of products and services, including Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing.
Technology scouting services are provided for innovation strategies.
Open innovation strategies are facilitated for business integration.
Technology licensing solutions are offered for business growth.
Funding Insights of Yet2
Yet2 has successfully raised a total of $45M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $2 million completed in August 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 $45M
- Total Rounds 3
- Last Round Grant — $2M
- First Round $25M
(Jun 1999)
- Investors Count 7
All 3 funding rounds of Yet2 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 |
|---|---|---|---|---|---|
| Aug 2012 | $2M | Grant | – | – | |
| Feb 2001 | $20M | Series B | – | Cat, 3i Group | – |
| Jun 1999 | $25M | Series A | – | Procter & Gamble, 3i Group | – |
8 investors in total: 8 institutional.
Investors in Yet2
Yet2 has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Procter & Gamble, Ohio.gov and Caterpillar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on mid-market businesses | 1945 | 3i.com | London, United Kingdom | |
Venture capital firm focused on tech sectors | venrock.com | Palo Alto, United States | ||
Venture investments in systems, infrastructure, and applications for enterprise founders. | next47.com | |||
Government services for Ohio state operations are managed through Ohio.gov. | ohio.gov | United States | ||
Construction and mining equipment, engines, and locomotives are manufactured. | 1993 | cat.com | United States | |
Provider of FMCG conglomerate products | 1837 | pg.com | United States | |
Construction and mining equipment, engines, and locomotives are manufactured. | 1925 | caterpillar.com | United States | |
Precision medicine is delivered via liquid biopsy blood tests. | 2014 | sciphermedicine.com | Waltham, United States |
Investor details for Yet2
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Yet2
9 people are tracked at Yet2 (7 in leadership, 1 in board & advisors, 1 in team); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
Ben duPont | Co-Founder | Leadership |
Tim Bernstein | CEO | Leadership |
Bob Miller | Vice President | Leadership |
Marcus Widell | Director | Leadership |
Edward De Paz | Managing Director, Europe | Leadership |
Fujii Hideyuki | Managing Director, Asia | Leadership |
Cecile Degorce | VP & Director of Innovation Services | Leadership |
Phil Stern | Co-Founder & Board Director | Board & advisors |
Mali Kaminaga | Associate Project Leader | Team |
Complete people profiles for Yet2
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Timeline of Yet2
4 dated milestones of Yet2 across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Yet2 is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by Scipher Medicine.
- Funding Latest funding round, Grant, of $2.0M.
Competitors of Yet2
Yet2 has 2 listed competitors in our database, 1 of them funded. They include Thoughtworks and Synechron.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| thoughtworks.com | 1993 | Chicago, United States | $748M | 10,500 | Leading global technology consultancy integrating strategy, design, and software engineering to enable enterprises and technology disruptors | |
| synechron.com | 2001 | New York, United States | Synechron is recognized as a global technology and AI consulting firm. |
Detailed competitors of Yet2
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Yet2
The website of Yet2 (yet2.com) receives about 13.6K visits a month.
- Monthly visits13.6K
▲ 25.6% vs previous month
Websites whose visitors overlap most with Yet2. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| innocentive.com | 100% | 24.8K | #772,827 | View details | |
| ideaconnection.com | 100% | 21.8K | #837,880 | View details | |
| intellectualventures.com | 91% | #3,077,746 | View details | ||
| innoget.com | 83% | 15.2K | #1,712,414 | View details | |
| ninesigma.com | 30% | 12.1K | #1,948,191 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Yet2
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- 10 similar websites
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Top companies in Professional Consulting & Advisory
3 companies that operate in the same segment as Yet2 (Professional Consulting & Advisory) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of data analytics, cloud modernization, management strategy, and digital transformation services | 1998 | Aliso Viejo, California, United States | USD 250 M | USD 59.61 M | 1,905 | |
Diversified insurance brokerage and risk management services are offered worldwide. | 1927 | Rolling Meadows, Illinois, United States | USD 13.94 B | 56,000 | ||
Talent acquisition and consulting services are provided globally. | 1969 | Los Angeles, California, United States | USD 2.94 B | 9,250 |
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Related news about Yet2
Complete news archive for Yet2
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Frequently Asked Questions about Yet2
Yet2 was founded in 1999.
Yet2 is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Tim Bernstein is the CEO of Yet2, as recorded in our data.
Yet2 is a funded company, having raised a total of $45M across 3 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Jun 1999.
Yet2 has 16 employees.
Open innovation and technology scouting services are offered by Yet2 to drive growth within corporate innovation strategies. Expertise is provided across various industries including chemicals, consumer goods, energy, healthcare, and technology. Solutions such as near-term topic-specific scouting, long-term technology scouting, and open innovation consulting are delivered to help clients stay ahead of emerging trends and integrate external innovation. Support is extended through deal facilitation, training, and strategic guidance to ensure successful execution of innovation initiatives.
Yet2's top competitors include Thoughtworks and Synechron.
Yet2 offers Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing.
Yet2 has 8 investors. Key investors include Procter & Gamble, Ohio.gov, Caterpillar, Cat, and Scipher Medicine.
Yet2 operates through Yet2.Com, Inc..
Yes. Yet2 was acquired by Scipher Medicine in December 2002.