What is FAVOR?
Founded in 2013, Favor has established itself as a critical player in the hyper-local delivery ecosystem. By leveraging a proprietary technology platform, the company facilitates seamless transactions between retail stores and end-users. Favor's market position is defined by its deep integration into the Texas metropolitan landscape, where it provides a specialized service that prioritizes speed and reliability. The company's business model relies on a flexible workforce, allowing it to maintain lean operational overhead while scaling rapidly across diverse urban environments.
How much funding has FAVOR raised?
FAVOR has raised a total of $35.6M across 3 funding rounds:
Angel/Seed
$2M
Series A
$11.6M
Series B
$22M
Angel/Seed (2014): $2M with participation from Silverton Partners
Series A (2015): $11.6M led by S3 Ventures and Silverton Partners
Series B (2017): $22M supported by Silverton Partners and S3 Ventures
Key Investors in FAVOR
Silverton Partners
Silverton Partners is a leading early-stage venture capital firm based in Austin, Texas, specializing in investing in companies that leverage technology to create significant barriers to entry. They are recognized as the most active venture capital firm in Texas, managing over $883 million in assets.
S3 Ventures
S3 Ventures is the largest venture capital firm focused on Texas, providing patient and flexible capital to startups in sectors such as business technology and digital experiences. They aim to empower visionary founders to create high-impact companies that transform the way the world works.
What's next for FAVOR?
Looking ahead, the infusion of capital positions Favor to further optimize its logistics infrastructure and expand its footprint in the on-demand economy. As the company transitions into a more mature enterprise-level phase, strategic priorities will likely include enhancing algorithmic efficiency, deepening merchant partnerships, and exploring new service verticals. The continued support from its core investor base suggests a long-term commitment to maintaining Favor's competitive edge in the face of increasing industry consolidation and evolving consumer expectations for rapid, reliable delivery services.
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