About YOOMA
YOOMA is a company based in Toronto (Canada) founded in 2019. It operates as a B2B. YOOMA has raised $1 million across 2 funding rounds from investors including Fastforward Innovations. YOOMA has completed 3 acquisitions, including Socati, Vertex and Vitality CBD. YOOMA operates in a competitive market with competitors including SpringBig, Fyllo, Happy Cabbage Analytics, Terrayn and Casters Holdings, among others.
- Headquarter Toronto, Canada
- Stage Public
- SectorsHealthcare
- Website yooma.ca
- Total Equity Funding$1M (USD)
in 2 rounds
- Latest Funding Round$9.7M (USD), Post-IPO
Jul 2021
- Investors
- Investments & AcquisitionsSocati
& 2 more
Funding Insights of YOOMA
YOOMA has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $9.7 million completed in July 2021. 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 $1M
- Total Rounds 2
- Last Round Post-IPO — $9.7M
- First Round $1M
(May 2020)
- Investors Count 1
All 2 funding rounds of YOOMA 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 |
|---|---|---|---|---|---|
| Jul 2021 | $9.7M | Post-IPO | – | – | – |
| May 2020 | $1M | Seed | – | Fastforward Innovations | – |
1 investors in total: 1 institutional.
Investors in YOOMA
YOOMA has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fastforward Innovations.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & life Science focused early stage VC firm investing in North America & Europe | 2006 | fstfwd.co | Saint Peter Port, Guernsey |
Investor details for YOOMA
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People of YOOMA
1 people are tracked at YOOMA (1 in leadership).
| Name | Role | Group |
|---|---|---|
Andres Mcdonald | Owner | Leadership |
Complete people profiles for YOOMA
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Investments & Acquisitions by YOOMA
YOOMA has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Socati, Vertex and Vitality CBD.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Medical devices are designed and manufactured by Vertex. | v-tex.co.jp | Kyoto, Japan | 1989 | Oct 2021 | $12M | |
Cannabis-based wellness products are provided for health improvement. | vitalitycbd.co.uk | Birmingham, United Kingdom | 2018 | Aug 2021 | •••• | |
Hemp and cannabis-based medical products are manufactured. | socati.com | Woodburn, United States | 2011 | Mar 2021 | $25M |
Complete acquisition details for YOOMA
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- Exports
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Timeline of YOOMA
7 dated milestones of YOOMA across 2 years, from founding to its latest funding, stage changes and deals.
- Founded YOOMA is founded.
- Funding First funding round of $1.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Socati.
- Funding Latest funding round, Post-IPO, of $9.7M.
- Acquisition Acquires Vitality CBD.
- Acquisition Acquires Vertex.
Competitors of YOOMA
YOOMA 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 SpringBig, Fyllo, Happy Cabbage Analytics, Terrayn and Casters Holdings, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| springbig.com | 2012 | West Palm Beach, United States | $25.79M | 102 | Loyalty and marketing solutions for cannabis dispensaries are provided. | |
| hellofyllo.com | 2018 | Chicago, United States | $96M | 130 | Online marketing platform for cannabis brands and products is provided. | |
| happycabbage.io | 2019 | San Francisco, United States | $5.8M | – | Marketing and data analytics solutions are offered for cannabis businesses. | |
| terrayn.com | 2016 | Denver, United States | – | 138 | Provider of marketing solutions for cannabis dispensaries | |
| castersholdings.tcc.mode | 2019 | Chicago, United States | $3.1M | – | Cannabis marketing platform is provided using AI for data analysis. | |
| mjnow.us | 2017 | Scottsdale, United States | – | – | Provides marketing software tailored for cannabis dispensaries. | |
| superbud.io | 2023 | Detroit, United States | – | – | Platform connects cannabis brands and retailers for marketing and staff incentives. |
Detailed competitors of YOOMA
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Latest news on Yooma
Complete news archive for YOOMA
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Similar companies to YOOMA
10 companies that operate in the same segment as YOOMA (Alternative Medicine Products), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Homeopathic medicine manufacturing and online retail in India. | 1898 | Noida, Uttar Pradesh, India | – | USD 26.35 M | 1,192 | |
Operates an online store specializing in ayurvedic and homeopathic medicines. | 2016 | Delhi, Delhi, India | – | USD 1.25 M | 16 | |
Pharmaceutical therapies for smell and taste loss are developed. | 2014 | Washington, District Of Columbia, United States | USD 25.88 M | – | – | |
Offers Ayurvedic treatments, consultations, and products for various diseases and wellness. | 1992 | Faridabad, Haryana, India | – | USD 10.08 M | 570 | |
Ayurvedic company manufacturing natural soaps, body washes, and health products. | 1969 | Chennai, Tamil Nadu, India | – | USD 51.17 M | 418 | |
Chinese medicines are researched, developed, manufactured, and supplied. | 2001 | Heze, Shandong, China | – | USD 1.68 B | – | |
Herbal medicines and supplements for health categories are manufactured. | 1933 | Neumarkt-sankt Veit, Bavaria, Germany | – | USD 510.09 M | 196 | |
Provides Ayurvedic healing therapies, massages, and wellness services in India. | – | Kochi, Kerala, India | – | USD 230.35 K | 42 | |
Homeopathic medicines are supplied and distributed by Boiron worldwide. | 1932 | Newtown Square, Pennsylvania, United States | – | – | – | |
Ayurvedic personal and sexual wellness products are manufactured and distributed. | 2015 | Mumbai, Maharashtra, India | – | USD 15.13 M | 38 |
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Frequently Asked Questions about YOOMA
YOOMA was founded in 2019 and raised its 1st funding round 1 year after it was founded.
YOOMA is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
YOOMA is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 2020.
YOOMA operates with a B2B model, focusing on marketing and advertising, providing digital marketing, brand promotion, and health products. Delivers digital marketing solutions for cannabis health product brands. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
YOOMA's top competitors include SpringBig, Happy Cabbage Analytics and Fyllo.
YOOMA has made 3 acquisitions, including Socati, Vertex, and Vitality CBD.
YOOMA has 1 investor. Key investors include Fastforward Innovations.