abillion

abillion

The app for impact, backed by the world’s leading investors

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Security Type
CAFES
Categories
Technology, Retail, Financial Services
Min Investment
$100
Location
New York, NY
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.24M
No. Investors
191
Security Price
$1
Website
abillion.com
Number of Employees
30
Cash
$4,207,647
Revenue
$11,881
Short Term Debt
$246,924
Cost of Goods
$5,597
Long Term Debt
$0
Net Income
$-4,025,487

Key Deal Facts

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🌏 4,700+ SaaS customers from CPG & F&B industries
🚀 2.5M+ consumer reviews of vegan products
📈 20x content & 4x user growth in 173 countries in 2 years
💸 $6B+ spent annually by abillion community on consumer lifestyle
⭐ World-class team from Apple, Credit Suisse, Delivery Hero, Johnson & Johnson & Microsoft
🏆 Awarded #2 of 101 most innovative global consumer review platforms in 2022
💰 Backed by VCs 500 Global, SDG Impact Japan, Blue Horizon & angels from Google, Twitter, Goldman Sachs
💥 Positioned to disrupt the $7T consumer lifestyle market

Management Team / Advisory Board Bios

Vikas Garg Founder & CEO5 years as Founder & CEO of abillion. 15+ years managing $10B+ for investment banks, hedge funds, public pension funds & sovereign wealth funds of California, Canada, Abu Dhabi & Singapore. Awarded Credit Suisse’s Global Citizenship Award., David Nilsson CTOAgile & UX guru. 20+ years of software delivery experience for 30+ startup & corporate clients. Former Head of Engineering for Johnson & Johnson’s Asia business, responsible for 50+ commercial platforms & 18 dev-ops team managers., Laura Kantor VP of Marketing & GrowthMarketing leader with 17 awards. Former Head of Marketing at foodpanda (Delivery Hero subsidiary). Grew app GMV 100x & partnership revenue from $1 to $25M; pioneered cutlery opt-out tag. White Page International Asia’s Top 100 Power Leader., Ravi Gopalan VP of Data ScienceData & analytics expert. 20+ years at Credit Suisse & GE. Former Head of Data at Credit Suisse, where he delivered data solutions for a department with an OPEX of $1.4 billion and grew a team of 6,000 professionals in India., Jin Shaun Ang Director, UXDesign-thinker. Former Head of User Experience & Product Innovation at Carousell, Asia’s largest P2P marketplace. Increased NPS by 80% & transactions by 8x. Prior to Carousell, Shaun was a Strategist for Yahoo!
Amount Raised : $329,159
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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