Headout has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a wide range of experiences, from tours and events to unique activities worldwide.
Keep reading to delve into the details of Headout's funding journey and the investors who believe in its potential.
What Is Headout?
Headout is a platform that curates and offers various experiences, tours, events, and attractions worldwide. Founded in 2014, the company is headquartered in New York, NY.
While the names of the founders are not explicitly mentioned, Headout has grown significantly since its inception. The platform provides a wide range of activities, including offbeat and mainstream tours, shows, games, and museum visits.
Headout employs a diverse team dedicated to delivering quality experiences, ensuring the lowest prices, and offering last-minute availability with 24x7 support.
How Much Funding Has Headout Raised?
- Seed Round
- Amount Raised: $1.8 million
- Date: April 2015
- Lead Investors: Version One Ventures
- Motivation Behind the Round: Expansion to 12 more cities, hiring across various departments, and developing partnerships in the travel space.
- Series A Round
- Amount Raised: $10 million
- Date: July 2018
- Lead Investors: Nexus Venture Partners and Version One Ventures
- Motivation Behind the Round: Expanding offerings, enhancing platform, supporting operations, and scaling the business model.
- Series B Round (Earlier)
- Amount Raised: $12 million
- Date: September 2021
- Lead Investors: Glade Brook Capital
- Motivation Behind the Round: Likely for expansion and technological development.
- Series B Round (Latest)
- Amount Raised: $30 million
- Date: February 2022
- Lead Investors: Glade Brook Capital
- Motivation Behind the Round: Expansion to 500 cities globally, new verticals for domestic short-haul travel, new technology, and acquisitions in travel, entertainment, and AR spaces.
Total Amount Raised: $53.8 million
Current Valuation: Not specified
Key Investors
- Glade Brook Capital
- Details: Glade Brook Capital is a global investment firm that focuses on high-growth technology companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, consumer internet, digital media
- Notable Investments: Airbnb, Uber, Instacart
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early to growth-stage companies. They have a significant presence in both India and the U.S.
- Investment Focus Areas: Technology, consumer, business services
- Notable Investments: Postman, Delhivery, Druva
- FJ Labs
- Details: FJ Labs is an early-stage investment firm that focuses on marketplaces and consumer internet companies. They are known for their extensive portfolio of successful startups.
- Investment Focus Areas: Marketplaces, consumer internet, technology
- Notable Investments: Alibaba, Flexport, Betterment
- 500 Startups
- Details: 500 Startups is a global venture capital seed fund and startup accelerator. They have invested in thousands of companies worldwide.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Canva, Credit Karma, Udemy
- Version One Ventures
- Details: Version One Ventures is an early-stage venture capital firm that invests in mission-driven founders. They have a strong focus on SaaS and marketplaces.
- Investment Focus Areas: SaaS, marketplaces, decentralized networks
- Notable Investments: Dapper Labs, Figure 1, Wattpad
What's Next for Headout?
Headout's future looks promising as it aims to expand to 500 cities globally, driven by a $30 million Series B funding round. This ambitious goal is supported by the establishment of new verticals for domestic short-haul travel and the development of cutting-edge technology. The company is also eyeing acquisitions in the travel, entertainment, and augmented reality sectors, which could significantly enhance its offerings.
With a current annual revenue run-rate of over $40 million and annualized sales exceeding $200 million, Headout is on track to reach $1 billion in annual sales within the next 24 months. This growth trajectory opens up opportunities for additional funding rounds to support further expansion and technological advancements. However, challenges such as navigating the uncertainties of the Covid-19 pandemic and managing rapid global expansion while maintaining service quality could pose significant hurdles.
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