How Much Did Burner Raise?
Funding & Key Investors

Burner, the innovative mobile software platform developed by Ad Hoc Labs, Inc., has successfully navigated multiple capital cycles to solidify its position in the telecommunications technology sector. With a cumulative capital infusion reaching $2.4M, the company has demonstrated a consistent ability to attract institutional backing. The most recent strategic investment of $350K underscores the market confidence in the firm's ability to scale its private line communication services for both iOS and Android ecosystems.

This financial trajectory highlights Burner's evolution from an early-stage venture to a mature enterprise-level player. By securing diverse forms of financing, including seed-stage support and debt instruments, the company has maintained operational agility while expanding its footprint in the competitive mobile utility market.

What is Burner?

Burner
SoftwareMobile App Development

Burner is a specialized mobile software company that provides users with the ability to generate and manage secondary phone numbers for voice, SMS, and MMS communications. By offering a secure, private line solution, the platform addresses the growing demand for digital privacy and compartmentalized communication in an increasingly connected world. Since its incorporation in 2012, the Los Angeles-based firm has focused on user-centric design, allowing individuals to maintain professional or temporary lines without the need for additional hardware. This unique value proposition has positioned Burner as a critical tool for privacy-conscious consumers and professionals alike, effectively bridging the gap between traditional telecommunications and modern mobile software utility.

How much funding has Burner raised?

Burner has raised a total of $2.4M across 2 funding rounds:

2013

Angel/Seed

$2M

2020

Debt

$350K

Angel/Seed (2013): $2M with participation from TenOneTen, Founder Collective, 500.com, and Venrock

Debt (2020): $350K led by PPP

Key Investors in Burner

TenOneTen

TenOneTen is a venture capital firm that focuses on early-stage investments, providing strategic guidance and capital to startups that demonstrate strong potential for disruption in the technology sector.

Founder Collective

Founder Collective is a venture capital fund focused on seed and pre-seed investments, partnering with exceptional entrepreneurs from the idea stage to IPO with a focus on capital efficiency.

Venrock

Venrock is a historic venture capital firm that partners with founders to build high-growth companies, leveraging deep industry expertise in technology and healthcare to help startups scale successfully.

What's next for Burner?

Looking ahead, Burner is well-positioned to leverage its recent capital injection to further refine its product suite and expand its market reach. The strategic focus will likely center on enhancing the platform's integration capabilities and exploring new enterprise-grade features that cater to the evolving needs of remote workforces and privacy-focused organizations. As the company moves beyond its initial growth phase, the emphasis on capital efficiency and sustainable scaling will be paramount. By maintaining its commitment to user privacy and technological innovation, Burner is poised to capitalize on the ongoing digital transformation of personal and professional communication, ensuring long-term viability in a crowded mobile application landscape.

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Frequently Asked Questions Regarding Burner Financial Insights

What are the most recent funding rounds that Burner has completed, and what were the funding rounds?
Burner has recently completed 2 funding rounds: Debt on Apr 16, 2020, Angel/Seed on Sep 26, 2013.
What is the total amount of funding Burner has raised to date?
Burner has raised a total of $2.4M in funding to date.
How many funding rounds has Burner completed?
Burner has completed 2 funding rounds.
How much funding did Burner raise in its most recent funding round?
Burner raised $350K in its most recent funding round.
Who are the lead investors in Burner's latest funding round?
The lead investor in Burner's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Burner's history?
The largest funding round in Burner's history was $2M.
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