Endel — Funding & Company Data
Financial overview and investor data for Endel.
Founded
2018
Stage
Series b
Total Raised
$21.17M
HQ
Berlin, Germany
Team
51-200
Model
freemium
Analyst Take
Endel's funding trajectory shows a steady progression from early-stage to a significant Series B round. The initial seed funding from notable investors like Amazon's Alexa Fund and Techstars Music highlights early belief in their technology. The $5 million Series A in 2020, led by Kevin Rose, allowed for initial scaling. The substantial $15 million Series B in 2022, co-led by Waverley Capital and True Ventures, signals market validation and provides the capital for significant expansion and technological advancement. The quality of investors, including venture capital firms with a focus on media and technology, suggests a strong strategic backing. This financial history indicates a healthy runway for the company to continue its growth and product development in the competitive wellness and productivity app market.
Stability
With a significant Series B funding round completed in 2022 and a team of over 100 employees, Endel appears to be a stable company with a runway of at least two to three years.
Growth
Endel is in a growth phase, backed by substantial venture capital. The funding is intended to scale the development of its patented technology and expand its personalized soundscape offerings, indicating a clear path for continued expansion.
For Buyers
For a potential buyer, Endel's solid funding and backing from reputable investors reduce the risk of the service being discontinued in the near future. This financial stability suggests that it is a reliable tool to commit to for long-term use in productivity and wellness.
Funding Timeline
Investors: Waverley Capital, True Ventures
Investors: Kevin Rose, Supermoon Capital, True Ventures
Investors: Amazon Alexa Fund, Techstars Music, Impulse Ventures, Kima Ventures, Plus Eight Equity Partners, Waverley Capital, Powerhouse Capital
Notable Investors
Sources
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