Frich Overview
- Year Founded
-
2021
- Status
-
Acquired/Merged
- Employees
-
11
- Latest Deal Type
-
M&A
Frich General Information
Description
Developer of a social finance application designed to make money management social by introducing savings challenges with friends. The company's application creates social spending challenges with friends, tracks social spending, sets savings goals, and provides rewards for winning challenges and goals, enabling users to make informed choices and navigate their financial lives.
Contact Information
Website
www.getfrich.com(Operating Subsidiary)
Corporate Office
- Apartment 1407
- 558 Fulton, Brooklyn
- New York, NY 11217
- United States
Corporate Office
- Apartment 1407
- 558 Fulton, Brooklyn
- New York, NY 11217
- United States
Frich Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Merger/Acquisition | 14-Oct-2026 | Completed | Generating Revenue | |||
| 3. Seed Round | 30-May-2023 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 07-Dec-2021 | $250K | $260K | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 14-Jun-2021 | $10K | $10K | Completed | Generating Revenue |
Frich Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed-1 | ||||||||
| Seed-2 | ||||||||
| Seed-3 | ||||||||
| Seed-4 | 445,648 | $0.000010 | 6% | $0.56 | $0.56 | 1x | $0.56 | 5.09% |
| Seed-5 | 392,165 | $0.000010 | 6% | $0.42 | $0.42 | 1x | $0.42 | 4.48% |
Frich Signals
Frich Former Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Antler | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Falls Fintech | Accelerator/Incubator | Minority | ||
| K20 Fund | PE/Buyout | Minority | ||
| Lair East Labs | Accelerator/Incubator | Minority |
Frich FAQs
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When was Frich founded?
Frich was founded in 2021.
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Where is Frich headquartered?
Frich is headquartered in New York, NY.
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What is the size of Frich?
Frich has 11 total employees.
-
What industry is Frich in?
Frich’s primary industry is Financial Software.
-
Is Frich a private or public company?
Frich is a Private company.
-
What is Frich’s current revenue?
The current revenue for Frich is .
-
How much funding has Frich raised over time?
Frich has raised $3.06M.
-
Who are Frich’s investors?
Antler, , Falls Fintech, K20 Fund, and Lair East Labs are 5 of 9 investors who have invested in Frich.
-
When was Frich acquired?
Frich was acquired on 14-Oct-2026.
-
Who acquired Frich?
Frich was acquired by Acorns Grow.
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