What is Burner?
Ad Hoc Labs, Inc., operating under the brand name Burner, is a Los Angeles-based company specializing in mobile software. It provides a unique smartphone number platform that allows users to acquire and manage additional phone numbers for voice, SMS, and MMS communications. Burner's service enables individuals to maintain private lines on their mobile devices, offering a flexible solution for personal and professional communication needs. Since its incorporation in 2012, the company has focused on delivering innovative features for its user base.
How much funding has Burner raised?
Burner has raised a total of $2.4M across 2 funding rounds:
Angel/Seed
$2M
Debt
$350K
Angel/Seed (2013): $2M with participation from Venrock, 500.com, TenOneTen, and Founder Collective
Debt (2020): $350K led by PPP
Key Investors in Burner
Venrock
Venrock, a historic venture capital firm founded in 1969 and headquartered in Palo Alto, California, is known for its entrepreneurial support and strategic guidance to innovative technology and healthcare ventures, partnering with founders to build high-growth companies.
500.com
500.com Limited is a leading online sports lottery service provider in China, offering a comprehensive suite of online lottery services and information, and is one of two entities approved by the Ministry of Finance to provide online lottery sales services.
TenOneTen
TenOneTen Ventures is a Los Angeles-based venture firm that invests in start-ups leveraging data and technology to disrupt established industries.
What's next for Burner?
The recent strategic investment signifies a pivotal moment for Burner, positioning it for accelerated scaling and market penetration. With a history of securing substantial capital, including angel and seed funding rounds, the company is well-equipped to enhance its platform's capabilities and expand its user acquisition strategies. Future developments are likely to focus on leveraging its established user base and exploring new avenues for revenue generation within the competitive mobile communication landscape.
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