What is Yipit?
Yipit operates as a technology company specializing in data aggregation and analysis, serving both consumers and institutional investors. For consumers, Yipit.com curates online deals and offers, personalizing recommendations for shoppers. The platform collaborates with numerous partners, including major players like Groupon and LivingSocial. Concurrently, YipitData provides crucial operating performance data for publicly traded companies, licensing this information to prominent global institutional investors. This dual focus positions Yipit as a key intermediary in both consumer e-commerce and financial market intelligence.
How much funding has Yipit raised?
Yipit has raised a total of $16.1M across 3 funding rounds:
Series A
$1.3M
Series B
$5.1M
Private Equity
$9.8M
Series A (2010): $1.3M, investors not publicly disclosed
Series B (2011): $5.1M led by Gotham Ventures, Lerer Ventures, Highland Capital Partners, and RRE Ventures
Private Equity (2017): $9.8M, investors not publicly disclosed
Key Investors in Yipit
Gotham Ventures
Gotham Ventures is a New York City-based venture capital firm that partners with exceptional entrepreneurs to invest in early-stage information technology startups. The firm aims to create future successes by leveraging its expertise and relationships to provide substantial value to its portfolio companies.
Lerer Ventures
Kenneth Lerer Associates LLC is a company that operates in the Venture Capital & Private Equity industry. It employs 5to9 people and has 1Mto5M of revenue. The company is headquartered in New York City, New York.
Highland Capital Partners
Highland Capital Partners is a venture capital firm that focuses on investing in entrepreneurs and innovative startups. With a track record of 200 exits, over 50 IPOs, and 40 unicorns, the firm manages $7 billion in assets under management.
What's next for Yipit?
The recent major strategic investment signals Yipit's readiness for its next phase of growth and market expansion. This capital is likely to fuel further development of its data analytics capabilities, potentially enhancing its offerings for institutional investors and expanding its reach within the e-commerce deal aggregation space. Strategic partnerships and technological advancements are expected to be key drivers as Yipit continues to leverage its data expertise.
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