About Yet2
Yet2 is a company based in Waltham (United States) founded in 1999 by Ben duPont was acquired by Scipher Medicine in December 2002. It operates as a Professional Services, and Brokerage / Intermediation. Yet2 has raised $45 million across 3 funding rounds from investors including Procter & Gamble, Ohio.gov and Caterpillar. The company has 16 employees as of December 31, 2024. Yet2 offers products and services including Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing. Yet2 operates in a competitive market with competitors including UST, NTT DATA, Endava, Persistent and Thoughtworks, among others.
- Headquarter Waltham, United States
- Employees 16 as on 31 Dec, 2024
- Founders Ben duPont
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Yet2.Com, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Grant
Aug 05, 2012
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Investors
Procter & Gamble
& 7 more
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Employee Count
16
as on Dec 31, 2024
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Acquired by
Scipher Medicine
(Dec 13, 2002)
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Products & Services of Yet2
Yet2 offers a comprehensive portfolio of products and services, including Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing. 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.
Technology scouting services are provided for innovation strategies.
Open innovation strategies are facilitated for business integration.
Technology licensing solutions are offered for business growth.
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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 Total Funding
- Total Rounds 3
- Last Round Grant — $2.0M
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First Round
First Round
(01 Jun 1999)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Grant - Yet2 | Valuation |
investors |
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| Feb, 2001 | Amount | Series B - Yet2 | Valuation | Cat , 3i Group |
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| Jun, 1999 | Amount | Series A - Yet2 | Valuation | Procter & Gamble , 3i Group |
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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 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. 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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Private equity firm focused on mid-market businesses
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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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 Yet2
| 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 - Yet2
| 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 |
Yet2 Comparisons
Competitors of Yet2
Yet2 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 UST, NTT DATA, Endava, Persistent and Thoughtworks, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Endava is engaged in digital transformation and AI-driven solutions.
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| domain | founded_year | HQ Location |
IT consulting, data analytics, and digital transformation services are provided.
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| domain | founded_year | HQ Location |
Leading global technology consultancy integrating strategy, design, and software engineering to enable enterprises and technology disruptors
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| domain | founded_year | HQ Location |
IT suite solutions and consulting services are provided worldwide.
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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 Yet2
Frequently Asked Questions about Yet2
When was Yet2 founded?
Yet2 was founded in 1999.
Where is Yet2 located?
Yet2 is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Yet2?
Tim Bernstein is the current CEO of Yet2.
Is Yet2 a funded company?
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 01, 1999.
How many employees does Yet2 have?
As of Dec 31, 2024, the latest employee count at Yet2 is 16.
What does Yet2 do?
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.
Who are the top competitors of Yet2?
Yet2's top competitors include Persistent, NTT DATA and Endava.
What products or services does Yet2 offer?
Yet2 offers Technology Scouting & Strategy, Open Innovation Consulting, and Technology Licensing.
Who are Yet2's investors?
Yet2 has 8 investors. Key investors include Procter & Gamble, Ohio.gov, Caterpillar, Cat, and Scipher Medicine.