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Tag: USA Startups

  • LendingClub: The Success Story of the American Financial Service Provider Company

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by LendingClub.

    It can be safe to assume that one of the most vital parts of everyone’s life is banking and financial benefits. We are all heavily dependent on the bank and the financial sector to effectively use our money for loans, lending, investments, or insurance.

    These days, the options of banks and financial services are endless with many people using different kinds of banking and various financial services like insurance premiums, paying utility bills, online shopping, mobile recharge, etc all through Debit/Credit cards. The introduction of technology in this sector has also made transactions simplified and much easier.

    In order to develop and obtain future financial rewards, multiple financial services are being offered by major banks, such as personal banking, and business banking solutions. In addition to this, banks also offer investment advice or consultancy to assist investors in making the best use of their money.

    LendingClub, which was founded in 2006 in the USA, offers a wide range of financial products and services to help its customers reach their financial goals. The company was founded as the world’s first peer-to-peer lending platform.

    To gain some insights into LendingClub, we have articulated some relevant information on LendingClub’s products and services, its business and revenue model, competition, and the challenges it faced.

    LendingClub – Company Highlights

    Headquarters California, USA
    Sector Financial Services
    Founder Renaud Laplanche, Soul Htite
    Founded 2006
    Type Public Company
    Revenue $679.8 million (2021)
    Total Funding Raised $392.2 million
    Website www.lendingclub.com

    LendingClub – About and How it works?
    LendingClub – Industry details
    LendingClub – Founders
    LendingClub – Mission and Vision
    LendingClub – Business Model
    LendingClub – Revenue and Growth
    LendingClub – Challenges and Controversies
    LendingClub – Funding, and Investors
    LendingClub – Mergers, and Acquisitions
    LendingClub – Investments
    LendingClub – Advertisements and Social Media Campaigns
    LendingClub – Awards and Achievements
    LendingClub – Competitors
    FAQs

    LendingClub – About and How it works?

    LendingClub was founded in 2006 with the motive to lend its financial services. The company is San Francisco, California-based financial services startup. The best part about the company is that it was the first peer-to-peer lender to register its offers as shares with the Securities and Exchange Commission (SEC) and to allow secondary loan trading. LendingClub was the world’s largest peer-to-peer lending marketplace at one point. Around December 2015, the firm announced that $15.98 billion in loans have been originated on its platform.

    LendingClub also provides traditional direct-to-consumer loans, such as vehicle refinancing, through WebBank, an FDIC-insured, state-chartered industrial bank based in Salt Lake City, Utah. The services offered by LendingClub are – Personal loans, business loans, auto refinancing, personal banking, institutional banking, and institutional investors.

    Two years ago, LendingClub announced to shut of its peer-to-peer lending platform. The company no longer provides new loans for individual investing.

    LendingClub – Industry details

    As per reports, it is estimated that the global financial services market is worth $20.49 trillion in 2020. The banking and financial sector industry is said to make up a quarter of the world’s economy. This industry is undoubtedly regarded as the crucial nectar in each one of our lives. Reports also claim that about 6.6 million Americans are employed in the financial and banking sector.

    LendingClub – Founders

    Lending Club was founded by Renaud Laplanche and Soul Htite in 2006.

    Renaud Laplanche
    Renaud Laplanche

    Renaud Laplanche

    Renaud Laplanche had co-founded and served as the CEO of LendingClub for almost a decade. He is currently the co-founder and CEO of Upgrade, Inc., which is a fintech company. Before this, he is also associated with founding another company TripleHop Technologies, which was later acquired by Oracle Corporation. Born in France, Renaud has studied business and law and holds an MBA degree from HEC Business School in Paris, France, and London Business School. In his entire career journey, he has worked on cases related to mergers and acquisitions, joint ventures, and many investment transactions.

    Soul Htite

    Soul Htite is a fintech entrepreneur who co-founded LendingClub. Presently, Soul serves as the founder and CEO of Valt, a software company that offers financial services. Along with Valt, Soul is also the co-founder of Upgrade, Inc. He has worked with multiple organizations such as Oracle, SinoLending, Assured Asset Management, and True North. His main interests are real-time online services and system architecture for high availability and fault tolerance.

    LendingClub – Mission and Vision

    LendingClub’s mission reads as, “to transform the banking system to make credit more affordable and investing more rewarding.”

    The vision statement of LendingClub is, “Our leaders share a vision of expanding financial opportunities for all Americans through responsible innovation.”

    LendingClub – Business Model

    LendingClub operates its business through the fee-based model. The business of LendingClub offers borrowers to post loan listings on its website by providing information about themselves and the loans they want to obtain. After a borrower has visited the website, the company then decides whether the borrower was creditworthy based on the borrower’s credit score, credit history, desired loan amount, and debt-to-income ratio and awards a credit grade to its accepted loans, which set the payable interest rate and fees. A typical loan term is three years, with a five-year option available for a higher interest rate and extra expenses.

    As mentioned earlier, LendingClub offers personal banking, personal loans, institutional banking, institutional investment, business banking and loans, and other related financial services and loans.

    LendingClub – Revenue and Growth

    LendingClub has made a total of $679.8 million in revenue as of 2021. LendingClub generates its income by charging origination fees to borrowers and servicing fees to investors. The operating income is reported to be around $18.4 million.

    LendingClub – Challenges and Controversies

    During early 2016, LendingClub had increasing trouble obtaining investors. As a result, the company raised the interest rate it charged borrowers three times in the first three months of the year. The rise in interest rates, along with fears about the impact of the faltering US economy, resulted in a significant reduction in LendingClub’s share price. The Financial Times stated in December 2017 that LendingClub has failed to escape the impact of a governance controversy in May and that the company has battled to keep major investors buying loans despite internal governance changes. These difficulties have caused it to boost its loss forecast, resulting in additional reductions in its share price. Many other peer-to-peer lending organizations were also having issues at the time.

    LendingClub – Funding, and Investors

    Lending Club is backed by a group of 24 investors. The most recent investors are Two Sigma and Panorama Point Partners. The other investors’ names are – Flint Capital, Employee Stock Option Fund, FinSight Ventures, Sands Capital Ventures, BlackRock, T. Rowe Price, Coatue, and DST Global.

    Lending Club has raised $392.2 million in investment across 15 rounds. Their most recent fundraising came on April 9, 2017, in the form of a Post-IPO Equity round.

    Date Funding Round Fund Amount Investor
    April 9, 2017 Post-IPO -Equity – –
    August 22, 2014 Venture Round – –
    April 17, 2014 Debt Financing $50 million –
    Apr 17, 2014 Private Equity Round $65 million –
    November 13, 2013 Secondary Market Capital $57 million –
    May 1, 2013 Secondary Market Capital $125 million CapitalG, Foundation Capital
    June 6, 2012 Venture Round $17.5 million Kleiner Perkins

    LendingClub – Mergers, and Acquisitions

    Lending Club has purchased two businesses. Radius Bank was their most recent acquisition, which occurred on February 18, 2020. Radius Bank was purchased for $185 million. In 2014, LendingClub purchased its first company called, Springstone.

    LendingClub – Investments

    On September 4, 2019, Lending Club made an investment in Even Financial. The Venture Round – Even Financial investment was valued at $25 million.

    LendingClub – Advertisements and Social Media Campaigns

    LendingClub posts short ad videos on the website called ‘ispot.tv’ on personal loans, business loans, credit cards, debit cards, etc. You can find these videos are short with the right blend of marketing tactics targeted toward their audience with interesting characters and strong dialogue delivery.

    LendingClub – Awards and Achievements

    Some of the awards won by LendingClub are;

    • LendingClub was named Best Bank or Credit Union for Online Experience by Nerdwallet (2021)
    • LendingClub also won Celent Model Bank Award for Credit Innovation During the Pandemic for their Paycheck Protection Program response.
    • LendingClub won for Top Rated Company Perks & Benefits

    LendingClub – Competitors

    LendingClub has the following competitors

    1. Avant

    2.  Lendable

    3.  SoFi

    4.  Pagaya

    5. Happy Money

    6.  Auxmoney

    7.  SocietyOne

    8. SoLo Funds

    9. Upstart

    10. Primavera Financial

    FAQs

    Who is the CEO of Lending Club?

    Renaud Laplanche is the founder & CEO of Lending Club.

    Where is the head office of the Lending Club?

    The Head Office of Landing Club is in San Fransisco.

    Is Lending Club shutting down?

    Yes, Lending Club is shutting down.

    Why is Lending Club shutting down?

    Yes. As per the company’s website, it’s not economically possible for the company to continue its operation.

  • Top 12 USA Startups to Look Out For in 2022 | Fastest Growing US Startups

    Keeping the pandemic in mind, startups had to rethink their goals. With the benefits of agility came an increase in competition, which drove startups to rise rapidly. Lastly, it gave people time to think and pursue what they truly believed in. In addition to the great resignation period that gave birth to other startups, this helped to solve many problems.

    Startups have been thriving despite the pandemic; the possible reasons given by the experts are mainly due to the fact that change and growth come hand in hand. Moreover, as rightly pointed out, a shaky economy is a helpful catalyst for startups’ growth and innovation. Startups are believed to be more successful in the United States than in other places. And they have been growing at a fast pace.

    Best Growing Startups in the US

    Here’s a list of the top 15 fastest-growing startups in the United States:

    Snowflake‌
    Electric
    ‌SoundHound
    People.ai
    Otter.ai
    Whatnot
    Daring
    Gala‌ Games
    Ellevest
    Goodleap
    Instacart
    Devoted Health

    Snowflake‌

    Founders: Thierry Cruanes, Marcin Zukowski, Benoit Dageville
    Headquarters: Bozeman, Montana, US
    Established: 2012
    Industry: Cloud Computing

    Snowflake's Market Share & Annual Revenue
    Snowflake’s Market Share & Annual Revenue

    Snowflake operates as a software development company designed for the cloud, helping people mobilize the world’s data. The founders built the global force from scratch, intending to harness the power of the cloud. Further, engineering the platform that powers and provides access to the Data Cloud.
    With snowflakes, platforms can access, explore, share, and unlock the true value of their data. With their data cloud managing 515 million data workloads each day and giving their customers an excellent ROI (Rate of interest). With over 1300 partners, they leverage its flexibility with integrations and collaboration with their technology partners.
    Snowflake has been recognized for its workplace culture and product innovation.         ‌‌                                                                                                           ‌‌             ‌‌

    Electric

    Founder: Ryan Denehy
    Headquarters: New York, the USA
    Established: 2016
    Industry: IT Services, IT Consulting

    Electric
    Electric

    Electric is setting new standards for IT Solutions by giving real-time support, centralized IT management, cutting down the cost of IT spending and standardized security across devices, apps, and networks reshaping the way businesses manage their IT. The company has a creative and elite team with strong core values. The company is backed by investors such as Slack, GGV Capital, Vintage Investment Partners, Harmonic Growth Partners, and more. Electric AI has made it its mission to revolutionize the IT space by making it accessible, simple, and cost-effective to firms all around the world.

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    ‌SoundHound

    Founder: Keyvan Mohajer
    Headquarters: Santa Clara, California, the USA
    Established: 2005
    Industry: Sound & Audio Recognition

    Sound Hound's Marketing Channels Distribution & Funding
    Sound Hound’s Marketing Channels Distribution & Funding

    Sound Hound creates custom voice assistants for companies working with their strategic partners, fulfilling their belief that every brand should have a voice and making interaction with products around the people more natural. The company has its presence across the globe to create a world with more conversations with its innovative technology. It’s a leading innovator in conversational intelligence that helps people extend their brands. Globally trusted by companies like Hyundai, Mercedes-Benz, Pandora, Deutsche Telekom, Snap, VIZIO, KIA, and Stellaris.

    People.ai

    Founder: Oleg Rogynskyy
    Headquarters: Redwood City, California, the USA
    Established: 2016
    Industry: Software Development

    People.ai
    People.ai

    People.ai combines Artificial Intelligence (AI) and real-world expertise to help their customers generate more revenue. The firm values its clients, end-to-end ownership, having a single person in charge of a project, making decisions based on data using technology, and tackling problems with time and teamwork. Firmly believing that every issue has a solution. Companies including AppDynamics, DataRobot, Ivanti, Okta, and Zoom depend upon software platforms to unlock their full potential. The company is backed by Y Combinator and Silicon Valley’s top investors.

    Otter.ai

    Founders: Sam Liang
    Headquarters: Mountain View, California, the USA
    Established: 2016
    Industry: Transcription Software

    Otter.ai
    Otter.ai

    Otter.ai is designed to make productivity easier with its recording and transcription service. Helping students, businesses, and people create automatic notes for meetings, interviews, work, classes, and more. One can share the meeting summary with their teammates to keep everyone in sync. Making the note-taking process more engaging with AI. You can highlight, add pictures, edit and revisit the transcribed notes by scrolling up. With Otter sharing and collaborating with others, transcribing in real-time with high accuracy is made super easy with the meeting gems panel to capture all your highlights from the meetings.

    Whatnot

    Founders: Grant LaFontaine and Logan Head
    Headquarters: Los Angeles, California, the USA
    Established: 2019
    Industry: Live Market, Information Services (B2C)

    Whatnot's Demographics & Marketing Channels Distribution
    Whatnot’s Demographics & Marketing Channels Distribution

    Whatnot gives you the experience of live shopping. The community marketplace of collectors supports conducting live auctions or hosting a card break. The products sold on the platform are verified to make sure you get what you are looking for. Hand-verification of expensive items to avoid scams and ensure safety. Its catalogue has a range of authentic products like Funko Pops, Pokémon Cards, Sports Cards, FiigPins, Funko Sodas, and many more.

    Daring

    Founder: Ross Mackay
    Headquarters: Los Angeles, California, US
    Established: 2018
    Industry: Food and Beverage

    Daring
    Daring 

    With one mission: to make chicken better for people and the planet, Daring foods are packed high in protein and are 100% plant-based made with non-GMO plants and low calories and have perfect flavour and texture. Their website has over 480 positive reviews that confirm the goodness the company stands for. The company offers breaded, cajun, lemon, and herb plant chicken pieces as well. The startup has caught the attention of the world and urged people to turn to plant-based chicken and has been featured on BuzzFeed, Bloomberg, Thrillist, Fast Company, The Business Wire, and more.

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    Gala‌ Games

    Founders: Eric Schiermeyer, Wright Thurston, Michael McCarthy
    Headquarters: The Interwebs, US
    Established: 2018
    Industry: Computer Gaming

    Gala Games
    Gala Games

    Unlike other blockchain games, Gala Games is a Free to play blockchain game with simple mechanics for all players in a blockchain game. When players win NFT collectables, they are able to trade them with another player or use them within the game. Gives control to gamers with its decentralized Gala Games ecosystem with more than 16,000 player-run nodes. A vibrant community exists on the Discord platform, where players can post their suggestions and give power to those in the Gala Games network based on a player-owned node ecosystem. The most expensive NFT sold on the platform is worth 3 million and has an active monthly user base of about 1.3 million.

    Ellevest

    Founders: Sallie Krawcheck, Charlie Kroll
    Headquarters: New York, the US
    Established: 2018
    Industry: Finance

    Ellevest
    Ellevest 

    With the main aim of “by women, for women” Ellevest startup is a financial company helping women achieve their financial goals in life. The company was set up in 2014, having a team of industry experts with deep passion and extensive working experience for the Wall Street Journal. With almost forty sales force ventures and AME Cloud Ventures being some notable investors, it has raised almost 53 million as of April 2022. Now, their community consists of more than 3 million people. Creating an engaging experience that makes investing and achieving financing goals for women easier, closing the gender gap.

    Goodleap

    Founder: Hayes Barnard
    Headquarters: Roseville, California, the US
    Established: 2003
    Industry: Financial Software, Consumer Finance

    Goodleap
    Goodleap 

    Goodleap is a go-to-go place for sustainable home financing solutions for people looking to upgrade their homes in a simple and fast way. Founded by Hayes Barnard, the startup is making it easy to lead a sustainable lifestyle with a wide range of sustainable products and cutting-edge technology. Specializing in clean energy financing, solar loans, fintech, and mortgage loans. Helping build a valuable bond with their customers as well as their partners.

    Instacart

    Founders:  Apoorva Mehta, Max Mullen, Brandon Leonard
    Headquarters: San Fransico, California, US
    Established: 2012
    Industry: Retail

    Instacart
    Instacart 

    Instacart offers safe contactless and free delivery options on the same day. With a hassle-free way to order essentials and other household items with same-day delivery across the USA. Instacart was founded in the early 2010s by Apoorva Mehta, Max Mullen and Brandon Leonardo later launched in 2012. Introducing a revolutionary model for online grocery shopping, transforming the way people shop. Giving their retail merchants a complete suite of enterprise-grade services and technology to perform all their tasks. Apart from this, the startup is also committed to serving the community by partnering with different non-profits with the aim of giving all people the food they love.

    Devoted Health

    Founders: Ed Park and Todd Park
    Headquarters: Waltham, Massachusetts, US
    Established: 2017
    Industry: Health Care

    Devoted Health
    Devoted Health

    The team of Devoted Health is on hand to get you the seamless care you deserve. The startup has raised more than 2 billion and has 26 investors that include General Catalyst and GIC. Offering Medicare Advantage plans, building better relationships and support. With focusing on quality over quantity and world-class technology. Partnered with trusted doctors, hospitals, pharmacies, and other providers, to make sure that you get the right care at the right time. The core product is providing better healthcare facilities for everyone.

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    Conclusion

    2021 proved to be a great year for many startups and with the advancement and growing needs of technology, there is no doubt in the fact that 2022 is going to be an even more flourishing year for the startup industry.

    Thus, the above-mentioned are the fastest-growing startups in the USA that are gaining popularity in various fields like software, media, gaming, food services, and more. These startups are making wonders in their respective fields and are sure to make a huge name for themselves this year.

    FAQs

    Which country has the most startups in the world?

    The USA has the most startups in the world, totalling a massive 71,153. India is second on the list with only 13,125 startups.

    How many Unicorns are there in the USA?

    As of March 31, 2022, there were 607 active unicorns in the USA.

    How many new companies have been added to the unicorn list in the USA this year?

    Since the start of 2022, 75 companies have debuted on the unicorn list in the USA.

  • 75F – Smart Building Solutions for Your Commercial Space

    The content in this post has been approved by the organization it is based on.

    While today many employers are realizing the importance of organized and active workplaces for increasing the productivity of employees, there are other important factors like lighting, temperature, etc. that also effects productivity of employees directly. Not only in offices, in any building, the temperature, lighting, air flow etc can have a remarkable impact on the efficiency and mood of the inmates. To take care of this very crucial need,

    75F was founded in 2012 by Deepinder Singh. It offers smart building solutions for commercial spaces, that not only improves the comfort level of the  building inmates, but also aids conservation of huge amount of energy.

    Lets have a look at the company profile of 75F, how the company was started, its Business Model, Revenue, Funding, Story etc.,

    75F – Company Highlights

    Startup Name 75F
    Headquarter Minneapolis, USA
    Sector Building Automation & Controls
    Founders Deepinder Singh
    Founded 2012
    Parent Organization 75F
    Website 75f.io

    About 75F
    75F – USP
    75F – Founders and Team
    How was 75F started?
    75F – Name and Logo
    75F – Business Model and Revenue Model
    75F – Startup Challenges
    75F – Funding and Investors
    75F – Growth and Revenue
    75F – Awards and Recognition
    75F – Future Plans
    75F – FAQs

    About 75F

    75F is a high-tech startup disrupting the building systems industry by taking a fresh approach to HVAC, lighting and building controls. 75F’s solution is uniquely capable of Improving a commercial building’s Operational Efficiency and Occupant Experience, or (OE)2.

    Equipped with IoT and cloud computing data storage and processing power, 75F’s system is much more efficient than the standard building controls systems. They help commercial buildings save up to 50% on their HVAC and Lighting Energy bills! Due to the energy savings, utility rebates and ease of installation, the payback is typically less than 3 years. Simple, wireless installation can be done with little disruption. Cutting edge technology optimizes the operational efficiency of the building, making it truly smart and automated.

    75F’s Building Intelligence System uses IoT and smart algorithms in the cloud to not only optimize energy efficiency but also uses the input from these sensors to proactively adjust HVAC, Indoor Air Quality and lighting settings to optimize occupant comfort and overall occupant experience. Studies show that each of these aspects significantly impacts occupant health, cognitive abilities, problem-solving capabilities, concentration, and ability to innovate.

    For example- as the US Green Building Council points out:

    “Studies show that small changes such as improved ventilation will boost the productivity of workers by 11% while better lighting will spark a whopping 23% jump in efficiency levels”

    Another recent study states that over – cooled offices negatively impact employee output by nearly 50% and extremely warm offices lead to an 18% drop in attendance and an increase in project turnaround times by 13%.

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    75F – USP

    75F solutions provide commercial buildings customers with Energy Efficiency, Comfort, Indoor Air Quality Management, Automation & Remote manageability. It includes a vertically integrated solution comprising of hardware, sensors, software, and analytics plus machine learning.

    75F’s solution, a highly customized solution tailored to suit customer needs, compares very favorably with existing BMS + sensors + control systems while providing a far richer interface, far greater insight and significantly enhanced automation.

    As one of the early Indian customers, Mr. Manjunath Srivatsa, Sr. VP – Facilities and Admin, Firstsource Solution says, “Since we installed 75F’s solution we’ve achieved significant savings on our energy bills and have noticed a considerable improvement in comfort levels. Moreover, 75F’s solution helped improve the productivity of my team.”

    Another happy customer from the US Dan M, co-founder of Magnet 360 says, “I think it’s a fantastic solution. If you’re looking for the cost savings, it’s there. If you’re looking just to be green, it’s there. At the end of the day, if you’re looking for comfort, that’s the number one reason to roll it out.”

    75F’s proactive, self-learning system with enhanced predictability, helps drive greater comfort and efficiency. Occupants of building with the 75F solution experience enhanced levels of thermal comfort, lighting comfort and air quality levels. This leads to far greater levels of productivity, occupant well-being, and longevity.

    75F’s solution also improves the Operational Efficiency of the building, thereby improving the experience and the productivity of the Facilities Team. It empowers the facility team with Remote Manageability, better visibility, and control.

    75F – Founders and Team

    Deepinder Singh is the Founder and CEO of 75F.

    75F Team
    75F Team

    75F founder and CEO, Deepinder Singh has a bachelor’s degree in engineering from the Thapar Institute of Engineering and Technology. Prior to starting his own venture, Deepinder held various technical positions at companies like Apex Electronics, Hughes Network Systems, Eftia OSS Solutions, Soma Networks, Suntulit and Unreasonable.

    Regarding team size, 75F currently has over 70 employees in the APAC region, with offices in Bangalore, Mumbai, Chennai, and Singapore. In the U.S, the company employs over 40 people. 75F is expecting to add about 40 headcounts in both these geographies in the coming year.

    How was 75F started?

    75F was created to find a solution to an age-old problem. When 75F’s CEO & Co-Founder, Deepinder Singh’s one-year-old daughter moved to a separate room in their house in the US, she would often wake up crying in the middle of the night. He soon discovered this was because her room temperature was more than 8-10 degrees cooler than the other rooms – a significant difference in Minnesota, where the outside temperature could fall to -30 degrees Celsius. This was because the thermostat in the master bedroom did not take temperature variances into account. To fix this problem, Deepinder developed algorithms that incorporated temperature variances and thermal loads in different parts of buildings, and this was the beginning of 75F.

    75F stands for 75 degrees Fahrenheit, which was set by the United Nations in 2008 as the optimum temperature in all its offices worldwide. Inspired by this, 75F seeks to deliver optimal comfort while saving maximum energy.

    75F Logo
    75F Logo

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    75F – Business Model and Revenue Model

    Initially, 75F’s go-to-market was direct to the customer, i.e. Facility Managers and Facility Heads of commercial buildings. Over time, it redefined its go-to-market strategy to approach the customers through their ESCo (Energy Service Companies) Partners or other channel partners such as FM Companies, Property developers, Building Automation SI’s, etc.

    75F’s customers can opt for one of the two business models: CAPEX ( Captital expenditure) and OPEX ( Operational expenditure). In CAPEX, the customer makes an upfront payment, and there will be a small AMC fee for maintenance, but in the OPEX model, the customer will make regular payouts from the energy savings it enjoys for a predetermined period.

    75F – Startup Challenges

    Energy Efficiency, employee health and productivity, optimization and protection of assets or goods in a building, etc. all form an integral part of today’s business. While technologies such as IoT enable all of these at a much lower cost & in a more user-friendly way than before, there is inertia in changing to newer technologies and newer standards in comfort & sustainability.

    That said, 75F is optimistic that the growth potential in the Indian subcontinent is huge where buildings are becoming people-centric with occupant’s comfort and preferences being given utmost priority. Energy efficiency & automation, which aren’t very big priorities for facility managers today, will soon become their prime focus.

    75F – Funding and Investors

    In its latest round of funding, 75F raised $18 Million from lead investors, Breakthrough Energy Ventures and OGCI Climate Investments in September 2019. 75F has raised 3 rounds of funding till date. Below are the details-

    Date Stage Amount Investors
    Sptember, 2014 Grant $105K Grant received after participating in a startup competition called the MN Cup run by the Carlson School of Management
    June, 2018 Seed $2 Million Gopher Angels, Steve Case(Chairman and CEO of Revolution, a venture capital firm based in Washington, DC.
    September, 2019 Series A $18 Million Breakthrough Energy Ventures, OGCI Climate Investments, Revolution, Clean Energy Trust & Building Ventures

    75F – Growth and Revenue

    Over the past few years, 75F has expanded its product portfolio, entered new markets, and has started serving new verticals. Customers see value in investing in a truly predictive, proactive and self-learning solution that drives away inefficiencies. 75F today caters to an exciting breed of customers representing large and small enterprises that are looking for more efficiency, comfort, and power at their fingertips. 75F is headquartered in the U.S with offices in India (Bangalore, Mumbai, and Chennai) and Singapore. As revealed by Gaurav Burman, 75F’s APAC President , 75F has been growing in triple digits for the last two years.

    With over 10 Mn square feet under management and a happy clientele that includes brands like First source Solutions, Flipkart, Bennett-Coleman Group, Shell, HP, ADAMAS Builders, and Mercedes Benz to name a few, 75F is very optimistic about their continued growth.

    75F started operations in India in August 2016. As per reports the company was aiming to reach Rs 100 Cr in revenue in the fiscal year 2018-2019. However, 75F’s current revenue is not disclosed.

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    75F – Awards and Recognition

    75F has won numerous awards for its pioneering and disruptive technology. Here are a few of the times they were deemed the best:

    • ‘Most Innovative Smart Buildings Automation System 2019’ title by Global Excellence Awards 2019
    • ‘PropTech Eco-Solution of the Year 2019’ by Realty+
    • Energy Efficiency Winner at CleanTech Open
    • Technology Inventor Winner at Titans of Technology
    • People’s Choice Award at Clean Energy Trust.

    It also won the ‘Hot 100 Race to Grace 2017’ award and had been listed as one of the Top 50 SMEs by ASSOCHAM in India. Committed to innovation, the company is well poised to revolutionize the way energy efficiency and comfort are managed in the future.

    75F globally has been conferred with the title of ‘Titans of Technology-2016’ and won the ‘People’s Choice Award’ at CleanTech Open 2014 and Eureka awards 2016. They were the Presenters at the 2014 Google Demo Day. 75F also scored big at the Regional Entrepreneurial competition and the Minnesota Cup in 2014 apart from winning a $100K cash recognition from AOL’s founder Steve Case.

    75F – Future Plans

    75F has been continuously expanding and recently opened an office in Singapore and Chennai and will soon be opening an office in Delhi as well. 75F is also working on expanding and adding to the capabilities and the width of the solution, enhancing the services suite and deploying additional go-to-market .

    75F – FAQs

    What is 75F?

    75F was founded in 2012 by Deepinder Singh. 75F offers smart building solutions for commercial spaces, that not only improves the comfort level of the  building inmates, but also aids conservation of huge amount of energy.

    Who is the founder of 75F?

    Deepinder Singh is the Founder & CEO of 75F.

    How much is the revenue of 75F?

    As per reports the company was aiming to reach Rs 100 Cr in revenue in the fiscal year 2018-2019. However, 75F’s current revenue is not disclosed.