# Asseta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asseta

- Industry: Semiconductors
- Headquarters: San Francisco, US
- Website: www.asseta.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Mar 16, 2015)
- Investors on record: 11

## About

Asseta operates an online marketplace specializing in procurement solutions for semiconductor parts and equipment, streamlining the buying process with extensive listings and a user-friendly interface.Founded by Garrett Beck, Asseta is based in San Francisco, US, and provides an online marketplace connecting buyers with semiconductor parts and equipment. The company has completed a total of 3 deals, with the most recent being a Seed round raising USD 1.000 mn on March 16, 2015, with notable investors including Amino Capital, FundersClub, Mission and Market, and Red Swan Ventures.Asseta specializes in providing a comprehensive online marketplace for the procurement of semiconductor parts and equipment, featuring over 450,000 listings from fabs, refurbishers, and dealers. The platform allows users to request quotes from multiple suppliers globally, facilitating a streamlined comparison process that enables buyers to select suitable options quickly. Asseta's core service focuses on matching buyer requests with available inventory to minimize downtime. The main customer segments include semiconductor manufacturers and maintenance professionals primarily in North America, Europe, and Asia.Asseta generates revenue through a transaction-based model, wherein buyers access the platform to procure semiconductor parts, and sellers list their inventory. Each transaction involves buyers comparing quotes received via the Asseta platform, fostering competitive pricing. The platform facilitates immediate purchase and payment, enhancing cash flow for sellers while providing cost-effective solutions to buyers, often yielding savings of 40-60% compared to traditional procurement methods. Revenue is derived from service fees on successful transactions, promoting repeat business within the marketplace.With the recent Seed financing of USD 1.000 mn secured in March 2015 from investors such as Red Swan Ventures and Zpark Venture, Asseta plans to enhance its platform functionalities and expand its product offerings. The company aims to target new geographical markets across Asia and Europe by the end of 2016, leveraging the additional funding to support these initiatives and improve user experience on the platform.

## Funding rounds

- Seed, Mar 16, 2015, $1M — Red Swan Ventures, FundersClub, Amino Capital, Mission and Market
- Seed, Feb 3, 2014, $0.5M — ACE & Company, Beenos
- Seed, Jun 1, 2013 — General Catalyst Partners, Andreessen Horowitz, Maverick Capital, Y Combinator Management, LLC, SierraMaya360

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Seed
- Y Combinator Management, LLC — Seed
- SierraMaya360 (https://capitalatlas.ai/funds/sierramaya360) — Seed
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Seed
- Beenos — Seed
- Red Swan Ventures (https://capitalatlas.ai/funds/red-swan-ventures) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Amino Capital (https://capitalatlas.ai/funds/amino-capital) — Seed
- Mission and Market — Seed