Total amount raised
$3.3 Millions
Latest funding date
7/1/2017
Location
Rabbit has successfully raised funding through multiple rounds, including a Series B, with backing from notable investors such as Bessemer Venture Partners, Andreessen Horowitz, and Goodwater Capital. The platform enables users to watch and share online content with friends, regardless of their location.
Keep reading to explore the intricacies of Rabbit's fundraising journey and the investors backing this innovative platform.
What Is Rabbit?
Rabbit, founded in 2011, was based in Burlingame, California. The company was created by Gregory Fischbach, Nicholas Reichenbach, Philippe Clavel, and Stephanie Morgan.
Rabbit's platform allowed users to watch and share online content with friends, regardless of their location. It enabled real-time reactions and responses, making it a unique social experience.
At its peak, Rabbit employed between 11 and 50 people, contributing to its innovative approach to online content sharing.
How Much Funding Has Rabbit Raised?
- Seed Round
- Amount Raised: $3.3M
- Date: February 2013
- Lead Investors: Google Ventures, CrunchFund, Michael Birch
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in engineering and ensure the app's scalability before making it widely available.
- Series A
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and user base.
- Series B
- Amount Raised: Not publicly disclosed
- Date: July 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance user engagement.
Total Amount Raised: $3.3M
Current Valuation: Not publicly disclosed
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with a history dating back to 1911. They have invested in over 200 companies that have gone public.
- Investment Focus Areas: Enterprise, consumer, healthcare, frontier technology.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a Silicon Valley-based venture capital firm. They manage over $16.6 billion in assets across multiple funds.
- Investment Focus Areas: Technology companies across various stages, from seed to growth.
- Notable Investments: Facebook, Airbnb, Slack.
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm focused on consumer technology companies. They aim to empower exceptional entrepreneurs who are changing the world.
- Investment Focus Areas: Consumer technology.
- Notable Investments: Musical.ly, Kakao, Stash.
- Google Ventures
- Details: Google Ventures, now known as GV, is the venture capital investment arm of Alphabet Inc. They provide seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, healthcare, consumer products, services.
- Notable Investments: Uber, Nest, Slack.
- CrunchFund
- Details: CrunchFund is an early-stage venture capital firm founded by Michael Arrington, the founder of TechCrunch. They focus on technology startups.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Airbnb, Uber, Yammer.
What's Next for Rabbit?
Rabbit's future looks promising as it aims to create persistent, always-on video chat connections, allowing users to meet in public rooms and share media together. With positive initial feedback and significant user engagement, the platform has a strong foundation for growth. Expanding its features and making the app available on more platforms could further enhance its user base.
Given the strong engagement metrics, Rabbit is well-positioned to attract additional investment. However, the company will need to overcome challenges such as convincing users to adopt its unique model and competing with established video chat services. If successful, Rabbit could become an attractive acquisition target for larger tech companies.
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