About YourLocal
YourLocal is a company based in Copenhagen (Denmark) founded in 2015.. YourLocal has raised $1.23 million across 2 funding rounds from investors including Peter Sandberg, Christian Hoffken and Lasse Gejl. YourLocal offers products and services including YourLocal App and Surplus Meal Service. YourLocal operates in a competitive market with competitors including Too Good To Go, Motatos, RedMaden and FOOD CHANGERS, among others.
- Headquarter Copenhagen, Denmark
- Stage Minicorn
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Sectors
ConsumerRetail
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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 Yourlocal Dk Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.23 M (USD)
in 2 rounds
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Latest Funding Round
$430 K (USD), Angel Round
Feb 06, 2017
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Investors
& 2 more
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Employee Count
Employee Count
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Products & Services of YourLocal
YourLocal offers a comprehensive portfolio of products and services, including YourLocal App and Surplus Meal Service. 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 picking up surplus meals from nearby stores.
Service enabling access to discounted surplus food items locally.
Funding Insights of YourLocal
YourLocal has successfully raised a total of $1.23M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $430 thousand completed in February 2017. 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 Angel Round — $430,000
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First Round
First Round
(23 Nov 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Angel Round - YourLocal | Valuation | Peter Sandberg , Christian Hoffken |
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| Nov, 2016 | Amount | Seed - YourLocal | Valuation |
investors |
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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 YourLocal
YourLocal has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Peter Sandberg, Christian Hoffken and Lasse Gejl. 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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PS
Peter Sandberg |
Angel investor in Indian startups, focused on tech and innovation.
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Founded Year | Domain | Location |
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CH
Christian Hoffken |
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Founded Year | Domain | Location |
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LG
Lasse Gejl |
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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 YourLocal
| 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 - YourLocal
| 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 |
Yourlocal Comparisons
Competitors of YourLocal
YourLocal 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 Too Good To Go, Motatos, RedMaden and FOOD CHANGERS, 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 |
Unsold surplus food is connected to users via mobile app.
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| domain | founded_year | HQ Location |
Multi-category products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
App for buying discounted food from local stores to combat food waste and save money.
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| domain | founded_year | HQ Location |
Operates an online platform for delivering surplus food to consumers.
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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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Frequently Asked Questions about YourLocal
When was YourLocal founded?
YourLocal was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is YourLocal located?
YourLocal is headquartered in Copenhagen, Denmark.
Is YourLocal a funded company?
YourLocal is a funded company, having raised a total of $1.23M across 2 funding rounds to date. The company's 1st funding round was a Seed of $799.75K, raised on Nov 23, 2016.
What does YourLocal do?
YourLocal was founded in 2015 as an online marketplace in the food surplus sector. Surplus inventory and near-to-expiry items are listed by stores, bakeries, cafes, restaurants, and supermarkets. These products are bought online by users for in-store pickup. Operations are based in Copenhagen, Denmark, with expansion to Brooklyn. A mobile app is provided for Android and iOS devices.
Who are the top competitors of YourLocal?
YourLocal's top competitors include Too Good To Go, Motatos and RedMaden.
What products or services does YourLocal offer?
YourLocal offers YourLocal App and Surplus Meal Service.
Who are YourLocal's investors?
YourLocal has 3 investors. Key investors include Peter Sandberg, Christian Hoffken, and Lasse Gejl.
What is YourLocal's valuation?
The valuation of YourLocal is $2.38M as of Nov 2016.