# Polybit

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.stdlib.com
- Total disclosed funding: $1.7M
- Latest round: Seed (Jun 27, 2017)
- Investors on record: 4

## About

Polybit Inc. develops innovative technology solutions aimed at enhancing operational efficiency and customer engagement for small to medium-sized enterprises across various sectors.Founded in 2016, Polybit Inc. operates from San Francisco, US, focusing on providing technology solutions tailored to improve business processes. The company was founded by Keith Horwood, who has experience leading ventures in the tech sector. Since its inception, Polybit has engaged in 4 deals, with its most recent deal occurring on May 31, 2018, which involved raising USD 2.00 mn in Seed funding, bringing its total amount raised to USD 2.00 mn.Polybit Inc. offers a diverse range of technology solutions that cater to specific needs within its target market. The company's core products are designed to streamline business processes and improve operational efficiency, particularly for small to medium-sized enterprises (SMEs) in sectors like retail, logistics, and healthcare. These solutions address challenges in areas such as inventory management, customer relationship management, and online transaction processing, and are primarily sold in North America, Europe, and select Asian markets.The revenue model of Polybit Inc. is based on a subscription structure, where clients pay recurring fees for access to their products and services. This model promotes long-term relationships with customers, allowing them to benefit from continuous updates and support. Subscription tiers vary to meet different customer needs, from basic features for startups to comprehensive packages for larger organizations, potentially involving partnerships with industry-specific retailers and wholesalers to enhance market reach.Polybit Inc. is focused on expanding its product offerings and entering new markets. The company plans to launch upcoming products designed to further enhance operational efficiencies by the end of 2020. It is targeting expansion into additional markets in Europe and Asia, anticipating growth in these regions within the next two years. The recent Seed funding of USD 2.00 mn will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Seed, Jun 27, 2017, $1.6M — Liquid 2 Ventures, BlueYard Capital, Nordic Makers
- Seed, Jun 8, 2016, $0.1M — AngelPad

## Investors

- AngelPad (https://capitalatlas.ai/funds/angelpad) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- BlueYard Capital (https://capitalatlas.ai/funds/blueyard-capital) — Seed
- Nordic Makers (https://capitalatlas.ai/funds/nordic-makers) — Seed