# Berbix

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.berbix.com
- Total disclosed funding: $14M
- Latest round: Series A (Jun 2, 2020)
- Investors on record: 6

## About

Berbix Inc. is a technology company that specializes in creating innovative software solutions for businesses, aimed at enhancing operational efficiency through project management and collaboration tools.Founded in 2018 and headquartered in San Francisco, US, Berbix Inc. focuses on streamlining workflows for mid-sized enterprises. The company has successfully completed a total of 3 deals, with the most recent deal occurring on June 27, 2023. In this deal, Berbix was acquired by Socure Inc. for USD 70.00 mn. The founder, Steve Kirkham, has a history of entrepreneurship, although details of previous ventures are not specified.Berbix Inc. specializes in offering software applications that enhance operational efficiency for businesses. Their flagship product is a project management tool that integrates features for collaboration, resource allocation, and performance tracking, primarily aimed at mid-sized enterprises. Since its initial release in 2017, the software has evolved through several iterations based on user feedback, targeting industries like marketing, information technology, and consulting.The company's revenue model operates on a subscription-based service, allowing clients to access their project management tool through various pricing tiers. Businesses can opt for monthly or annual subscription plans, with variations based on user count and additional features. Revenue is derived from direct sales to consumers as well as partnerships with consultancy firms that incorporate the software into their offerings. This approach not only expands customer outreach but also fosters recurring revenue streams for financial stability.In June 2023, Berbix Inc. was acquired by Socure Inc. for USD 70.00 mn, which is expected to provide the resources necessary for expanding their suite of solutions and integrating their technology. The acquisition will support the company's plans to enhance their product offerings and penetrate new global markets. As part of Socure's strategy, Berbix aims to strengthen its industry position and extend its operational reach over the coming years.

## Funding rounds

- Series A, Jun 2, 2020, $12M — Mayfield Fund, Y Combinator, Initialized Capital, Fika Ventures
- Seed, Jul 17, 2019, $2.5M — Y Combinator, Initialized Capital, Liquid 2 Ventures, Fika Ventures, Dream Machine

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Fika Ventures (https://capitalatlas.ai/funds/fika-ventures) — Seed, Series A
- Dream Machine (https://capitalatlas.ai/funds/dream-machine) — Seed
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A