# Donut

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

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.donut.app
- Total disclosed funding: $1.8M
- Latest round: Seed (May 17, 2019)
- Investors on record: 4

## About

Donut, Inc. is a digital platform focused on enhancing social connectivity through virtual meetups, facilitating interaction among diverse users in an increasingly digital world.Founded in 2018 and headquartered in Los Angeles, US, Donut, Inc. specializes in connecting users through virtual meetups. The company has engaged in two deals and raised a total of USD 2.00 mn. In June 2021, it secured USD 2.00 mn from investors including Entrepreneur First, Inventures, Possible Ventures, Redalpine, and Robot Ventures. The founder has not been specified, nor has there been any mention of subsidiaries.Donut offers a unique digital platform designed to enhance social connectivity and engagement among users, primarily through its core feature of virtual meetups. Released in recent years, this platform facilitates seamless communication and interaction, addressing the growing demand for meaningful online connections, particularly in a landscape where remote interaction has become increasingly vital. The service is tailored for a diverse clientele, including professionals seeking networking opportunities, social groups aiming to foster community engagement, and organizations that wish to cultivate team cohesion in a virtual environment. Donut's user base spans multiple geographical markets, including North America and Europe, catering to individuals and organizations that prioritize innovative digital interactions.The revenue model of Donut is predominantly based on subscription services, offering tiered pricing plans designed to accommodate various user needs, from individual users to larger organizations. This structure allows clients to access different levels of features and functionalities depending on their subscription type. For example, organizations may enter into annual subscriptions that grant access to premium features aimed at enhancing team collaboration and engagement. Transactions occur directly between the company and its customers, simplifying the purchasing process. Additionally, Donut may engage in partnerships that further extend its reach, creating avenues for additional revenue streams while solidifying its position in the digital connectivity market.In June 2021, Donut, Inc. raised USD 2.00 mn in venture funding to support its growth and product development ahead of planned additional funding in early 2022. The company aims to develop new products and enhance existing features, while also targeting expansion into new markets, including regions across North America and Europe. This funding will be instrumental in facilitating their strategic initiatives and ensuring continued progress in enhancing social connectivity.

## Funding rounds

- Seed, May 17, 2019, $1.8M — Redalpine, Entrepreneur First, Tiny Super Computer Investment Company, EarlyBlock

## Investors

- Redalpine (https://capitalatlas.ai/funds/redalpine) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- EarlyBlock — Seed