Draftbit Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 16

Employees

  • Latest Deal Type
  • Early Stage VC

  • Investors
  • 20

Draftbit General Information

Description

Developer of a mobile application development tool designed to build, launch, and iterate on mobile apps. The company allows teams to build cross-platform mobile applications without writing code, publish the build in minutes, and share it, enabling startups and business owners to build applications visually without hassle.

Contact Information

Website
www.draftbit.com
Formerly Known As
Orchard
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 301 West Grand Avenue
  • Suite 160
  • Chicago, IL 60654
  • United States
Primary Industry
Software Development Applications
Other Industries
Business/Productivity Software
Vertical(s)
CloudTech & DevOps, SaaS, Artificial Intelligence & Machine Learning
Corporate Office
  • 301 West Grand Avenue
  • Suite 160
  • Chicago, IL 60654
  • United States

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Draftbit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Early Stage VC 01-Jun-2021 Completed Generating Revenue
3. Debt - PPP 30-Apr-2020 Completed Generating Revenue
2. Seed Round 11-Oct-2019 $7M $7.15M Completed Generating Revenue
1. Accelerator/Incubator 01-Jan-2018 $150K $150K Completed Generating Revenue
To view Draftbit’s complete valuation and funding history, request access »

Draftbit Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Seed-5
Seed-4
Seed-3
Seed-2 707,533 $0.000010 $0.54 $0.54 1x $0.54 6.7%
Seed-1 2,569,718 $0.000010 $1.39 $1.39 1x $1.39 24.35%
To view Draftbit’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

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Draftbit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a mobile application development tool designed to build, launch, and iterate on mobile apps. The company al
Software Development Applications
Chicago, IL
16 As of 2025

Santa Monica, CA
 

San Francisco, CA
 
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Draftbit Competitors (48)

One of Draftbit’s 48 competitors is Tapcart, a Venture Capital-Backed company based in Santa Monica, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Tapcart Venture Capital-Backed Santa Monica, CA
Thunkable Venture Capital-Backed San Francisco, CA
Fliplet Formerly VC-backed London, United Kingdom
AppMachine Venture Capital-Backed Leeuwarden, Netherlands
Bubble Venture Capital-Backed New York, NY
You’re viewing 5 of 48 competitors. Get the full list »

Draftbit Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Draftbit Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
Soma Capital Venture Capital Minority
Awesome People Ventures Venture Capital Minority
Angel (individual) Minority
You’re viewing 5 of 20 investors. Get the full list »

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Draftbit FAQs

  • When was Draftbit founded?

    Draftbit was founded in 2017.

  • Where is Draftbit headquartered?

    Draftbit is headquartered in Chicago, IL.

  • What is the size of Draftbit?

    Draftbit has 16 total employees.

  • What industry is Draftbit in?

    Draftbit’s primary industry is Software Development Applications.

  • Is Draftbit a private or public company?

    Draftbit is a Private company.

  • What is Draftbit’s current revenue?

    The current revenue for Draftbit is .

  • How much funding has Draftbit raised over time?

    Draftbit has raised $7.15M.

  • Who are Draftbit’s investors?

    , , Soma Capital, Awesome People Ventures, and are 5 of 20 investors who have invested in Draftbit.

  • Who are Draftbit’s competitors?

    Tapcart, Thunkable, Fliplet, AppMachine, and Bubble are some of the 48 competitors of Draftbit.

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