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
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Sectors
Healthcare
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Phone
*********
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Website
*********
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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 M (USD)
in 2 rounds
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Latest Funding Round
$9.7 M (USD), Post-IPO
Jul 26, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Socati
& 2 more
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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 Total Funding
- Total Rounds 2
- Last Round Post-IPO — $9.7M
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First Round
First Round
(18 May 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - YOOMA | Valuation |
investors |
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| May, 2020 | Amount | Seed - YOOMA | Valuation | Fastforward Innovations |
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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 YOOMA
YOOMA has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fastforward Innovations. 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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Tech & life Science focused early stage VC firm investing in North America & Europe
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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 YOOMA
YOOMA has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Socati, Vertex and Vitality CBD. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cannabis-based wellness products are provided for health improvement.
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2018 | ||||
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Hemp and cannabis-based medical products are manufactured.
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2011 | ||||
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Medical devices are designed and manufactured by Vertex.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - YOOMA
| 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 |
Yooma Comparisons
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. 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 |
Loyalty and marketing solutions for cannabis dispensaries are provided.
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| domain | founded_year | HQ Location |
Online marketing platform for cannabis brands and products is provided.
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| domain | founded_year | HQ Location |
Marketing and data analytics solutions are offered for cannabis businesses.
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| domain | founded_year | HQ Location |
Provider of marketing solutions for cannabis dispensaries
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| domain | founded_year | HQ Location |
Cannabis marketing platform is provided using AI for data analysis.
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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 Yooma
Frequently Asked Questions about YOOMA
When was YOOMA founded?
YOOMA was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is YOOMA located?
YOOMA is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is YOOMA a funded company?
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 18, 2020.
What does YOOMA do?
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.
Who are the top competitors of YOOMA?
YOOMA's top competitors include SpringBig, Happy Cabbage Analytics and Fyllo.
How many acquisitions has YOOMA made?
YOOMA has made 3 acquisitions, including Socati, Vertex, and Vitality CBD.
Who are YOOMA's investors?
YOOMA has 1 investor. Key investors include Fastforward Innovations.