Total amount raised
$54.5 Millions
Latest funding date
2/1/2022
Location
Headout has successfully raised significant funding through multiple rounds, with notable investors such as Tenacity Ventures and Nexus Venture Partners backing the company. The platform offers a diverse range of experiences, tours, and events, catering to a global audience.
Keep reading to delve into the details of Headout's funding journey and the strategic investments that have propelled its growth.
What Is Headout?
Headout, founded in 2014 in New York, NY, is a platform that curates and offers various experiences, tours, attractions, and events worldwide. The company was established by Suren Sultania, Varun Khona, and Vikram Jit Singh. With a team of 501-1000 employees, Headout aims to enable people to discover and access real-life experiences seamlessly and delightfully.
How Much Funding Has Headout Raised?
- Seed Round
- Amount Raised: $1.8M
- Date: April 2015
- Lead Investors: 500 Global, Nexus Venture Partners, Outlander Fund I Archimedes, Version One Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the initial platform and expand the team.
- Seed Round
- Amount Raised: $104K
- Date: April 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Equity Crowdfunding
- Amount Raised: Not publicly disclosed
- Date: June 2016
- Lead Investors: Tristan Pollock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage a broader base of investors and raise additional capital.
- Series A
- Amount Raised: $10M
- Date: July 2018
- Lead Investors: Nexus Venture Partners, Version One Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand into new markets.
- Series A
- Amount Raised: $3.8M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate growth and enhance the platform.
- Series A
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To navigate the challenges posed by the COVID-19 pandemic.
- Series B
- Amount Raised: $12M
- Date: September 2021
- Lead Investors: Glade Brook Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand to new cities and enhance product offerings.
- Series B
- Amount Raised: $30M
- Date: February 2022
- Lead Investors: Glade Brook Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support aggressive global expansion and launch new verticals.
Total Amount Raised: $57.704M. Current Valuation: Not publicly disclosed.
Key Investors
- Glade Brook Capital Partners
- Details: Glade Brook Capital Partners is a global investment firm that focuses on high-growth technology companies. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Technology, Consumer Internet, E-commerce
- Notable Investments: Airbnb, Uber, Snap Inc.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across sectors in India and the U.S. They focus on partnering with exceptional entrepreneurs to build market-leading companies.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Postman, Druva, Delhivery
- Version One Ventures
- Details: Version One Ventures is an early-stage venture capital firm that invests in mission-driven founders. They focus on backing companies that have the potential to transform industries.
- Investment Focus Areas: SaaS, Marketplaces, Crypto/Blockchain
- Notable Investments: Coinbase, Dapper Labs, Figure Technologies
- 500 Global
- Details: 500 Global is a venture capital firm that invests in early-stage startups. They provide seed capital, mentorship, and support to help startups grow and succeed.
- Investment Focus Areas: Technology, Consumer, Fintech
- Notable Investments: Canva, Credit Karma, Grab
- Outlander Fund I Archimedes
- Details: Outlander Fund I Archimedes is a venture capital fund that focuses on early-stage investments. They aim to support innovative startups with the potential for significant growth.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Not publicly disclosed
What's Next for Headout?
Headout is poised for significant growth, with plans to expand to 500 cities by the end of 2024 and launch new verticals for domestic short-haul travel. This expansion aims to serve over 10 million individuals across 190+ countries, targeting $1 billion in annual sales. The rebound in domestic tourism and trends like eco-friendly travel and workcations present substantial opportunities.
Future fundraising rounds are likely to support this aggressive global expansion and potential acquisitions in travel, entertainment, and AR sectors. However, challenges such as competition from other platforms and potential global travel restrictions could pose hurdles. Maintaining profitability while scaling operations will be crucial for Headout's sustained success.
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