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Equity Crowd Weekly: BitterBrains' Remarkable Growth
BitterBrains | Fanbase | Coign | Upside Social | LemonRocks | Turismo
Kristoffer Lindström
November 15, 2024
Welcome to Front’s weekly equity crowd roundup, where we highlight interesting tech company crowdfunding deals.
Spotlight
BitterBrains, a leading educational platform in the developer community, has achieved impressive growth, with revenues multiplying 48-fold since 2017 and reaching 103% in 2023. The firm, lauded by industry leaders, served over 2 million developers in 2023 via its 15 products, including professionals at Samsung, Google and Apple. Positioned to tap into the $140B expanding market opportunity, BitterBrains also plans to venture into the broader $142B Edtech market.
💡 Insight: BitterBrains' impressive 103% revenue growth in 2023 and strong community-driven strategy position it to capture a significant share of the $140B+ developer education market. Its unique industry partnerships and proprietary certification tech offer a competitive edge, appealing to top-tier clients like Samsung, Google, and Apple. The company’s proven track record in organic growth and engagement underscores its potential for broader market expansion.
New deals
LemonRocks, a venture capital firm founded by a twice-successful entrepreneur, merges traditional and blockchain data to offer real-time, data-driven investment insights. Their methods have attracted over 12,000 early adopters, and they have secured 42 VC partnerships and 17 subscription agreements. Currently self-funded and VC-backed at $200k, the team aims to modernize the $2.45 trillion VC industry.
Trending
Fanbase, a next-generation social media platform, enables users to monetize their content from day one. Unlike other social media outlets, Fanbase allows users to charge subscribers anywhere from $2.99 to $99.99 a month, providing exclusive access to photos, videos, audio chat rooms, and long-form content. Moreover, Fanbase offers a transparent and equitable content distribution standard and aims to foster a more inclusive and rewarding experience for all users. Over $10 million has been raised from more than 14,000 investors.
Closing soon
Coign, a financial solutions firm designed by conservatives for conservatives, has successfully launched a credit card venture that donates a portion of transactions to conservative causes. The firm has secured funding worth $42 million over previous equity rounds. It currently enjoys a low customer acquisition cost of under $100. Aiming to target a TAM of over 25 million conservatives, Coign promises its users vast VISA network coverage, world-class credit protection, and unlimited 1% cash back rewards for eligible purchases.
Turismo, aiming to revolutionize car engagement through flexible subscriptions, has seen a 500% growth since 2021. The company is on a mission to become Europe's leading luxury car subscription provider. A recent crowd-funding round raised €2,337,975, surpassing the €500,000 target. The funds will be utilized in expanding to new markets and enhancing technologies.
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