# ThatMate

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

- Industry: Education/Training
- Headquarters: Satara, India
- Website: www.thatmate.com
- Total disclosed funding: $0.1M
- Latest round: Angel (May 31, 2021)
- Investors on record: 1

## About

ThatMate provides innovative digital solutions that enhance connectivity and engagement within communities, focusing on seamless interaction and socialization among users across various demographics.ThatMate, founded in 2019 in Satara, India, specializes in creating platforms for user interaction, addressing communication gaps and social isolation. The company was founded by Madhavi Jadhav and Nishant Neeraj. In May 2021, ThatMate raised USD 140,000 in an Angel funding round led by Rebalance. The total amount raised to date stands at USD 140,000.ThatMate specializes in providing innovative digital solutions designed to enhance connectivity and engagement within communities. Their core product suite focuses on creating platforms that facilitate seamless interaction among users, solving issues related to communication gaps and social isolation. The solutions are tailored for various user demographics, including individuals seeking to build networks based on shared interests, as well as businesses looking to enhance customer engagement through community-driven initiatives. These products have been implemented in urban areas across North America and Europe, targeting tech-savvy consumers and organizations that prioritize community building, featuring user-friendly interfaces that foster collaboration and connectivity.Revenue generation for ThatMate is structured around a subscription-based model, which allowed them to generate USD 13,401.70 in revenue for the year 2019, with an EBITDA of USD -267.80. Clients typically engage with the service on a monthly or annual basis, with pricing tiers designed to accommodate both individual users and corporate partners. This transaction framework enables businesses to leverage the platform for marketing campaigns and community outreach initiatives, while individuals can opt for personalized engagement experiences.ThatMate aims to utilize the funds raised in May 2021 to further enhance its product offerings and expand its market reach. Plans include the introduction of new features designed to improve user engagement and interaction on their platforms. The company also intends to explore expansion into new geographic markets, particularly targeting additional urban regions in North America and Europe by the end of 2022. The recent Angel funding will support these initiatives and the development of customer partnerships to scale their operations effectively.

## Funding rounds

- Angel, May 31, 2021, $0.1M — Rebalance

## Investors

- Rebalance (https://capitalatlas.ai/funds/rebalance) — Angel