Favor - About the company
Favor is an acquired company based in Austin (United States), founded in 2013 by Ben Doherty and Chris Labasky. It operates as an Online food order and delivery platform. Favor has raised $37.1M in funding from investors like Silverton Partners, S3 Ventures and Austin Technology Incubator. The company has 550 active competitors, including 43 funded and 31 that have exited. Its top competitors include companies like DoorDash, Grubhub and Wonder.
Company Details
Online food order and delivery platform. The platform allows customers to order food from nearby local restaurants and food outlets. Its mobile application is available on Android and iOS platforms.
- Website
- www.favordelivery.com/
- Email ID
- *****@favordelivery.com
Key Metrics
Founded Year
2013
Location
Austin, United States
Stage
Acquired
Total Funding
$37.1M in 5 rounds
Latest Funding Round
Investors
Ranked
7th among 550 active competitors
Employee Count
111 as on Dec 31, 2017
Exit Details
Acquired by H‑E‑B (Feb 15, 2018)
Legal entities associated with Favor
Favor is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NEIGHBORFAVOR INC. CIN: 900878124 , United States, Active | Jan 01, 2013 | - | 111 (As on Dec 31, 2017) | - |
Favor's acquisition details
Favor got acquired by H‑E‑B on Feb 15, 2018.
Click here to take a look at Favor's acquisition in detail
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Favor's funding and investors
Favor has raised a total funding of $37.1M over 5 rounds. Its first funding round was on Feb 12, 2013. Its latest funding round was a Series B round on Sep 07, 2017 for $*****. 1 investor participated in its latest round. Favor has 9 institutional investors.
Here is the list of recent funding rounds of Favor:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 07, 2017 | 3161898 | Series B | 7439151 | 3608714 | 2442289 | 8608380 |
Mar 13, 2015 | 1775072 | Series A | 5136034 | 9802974 | 7402691 | 6453159 |
Sep 04, 2014 | 5009894 | Seed | 6941953 | 9943147 | 4874935 |
View details of Favor's funding rounds and investors
Favor's founders and board of directors
Founder? Claim ProfileThe founders of Favor are Ben Doherty and Chris Labasky.
Here are the details of Favor's key team members:
- Ben Doherty: Former Co-Founder of Favor and founder of 2 other companies, Sunroom Rentals and FAVOR. Contact Info: 1 email address
- Chris Labasky: Former Co-Founder of Favor. Contact Info: 1 email address
View details of Favor's Founder profiles and Board Members
Favor's employee count trend
Favor has 111 employees as of Dec 17. The total employee count is 18.0% lower than what it was in Dec 16. Here is Favor's employee count trend over the years:
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Favor's Competitors and alternates
Top competitors of Favor include DoorDash, Grubhub and Wonder. Here is the list of Top 10 competitors of Favor, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | DoorDash 2013, San Francisco (United States), Public | Platform facilitating fast, same-day delivery of food, grocery and retail essentials from local stores and restaurants to consumers | $2.5B | 88/100 | |
2nd | Grubhub 2004, Chicago (United States), Acquired | Online platform offering food ordering and delivery services | $284M | 85/100 | |
3rd | Wonder 2016, New York City (United States), Series D | Online platform offering food order and delivery | $1.87B | 80/100 | |
4th | Slice 2009, New York City (United States), Series D | Platform offers a variety of services centered around food delivery and dining experiences | $160M | 77/100 | |
5th | Postmates 2011, San Francisco (United States), Acquired | Provider of on-demand delivery services for food, drinks, and groceries | $903M | 75/100 | |
6th | Just Eat Takeaway 2000, Amsterdam (Netherlands), Acquired | Online platform offering food delivery services | - | 71/100 | |
7th | Favor 2013, Austin (United States), Acquired | Online food order and delivery platform | $37.1M | 70/100 | |
8th | Starship Technologies 2014, San Francisco (United States), Series C | Operator of autonomous robots for delivery of goods and advertising | $281M | 70/100 | |
9th | Provider of cloud-based on-demand drone-based e-commerce delivery services | $60M | 69/100 | ||
10th | UberEATS 2014, Denver (United States), Funding Raised | App-based platform offering food and grocery delivery services | - | 68/100 |
Looking for more details on Favor's competitors? Click here to see the top ones
Favor's Investments and acquisitions
Favor has made no investments or acquisitions yet.
Reports related to Favor
Here is the latest report on Favor's sector:
News related to Favor
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Favor Delivery Announces the Launch of H-E-B Now Offering; Chris Rogge SharesDeli Market News•Aug 29, 2024•H‑E‑B, Favor
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Favor Brings All of Texans’ Delivery Favorites to One App With Debut of Its H-E-B Now Delivery FeaturePerishableNews.com•Aug 27, 2024•Favor
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Favor introduces new H-E-B Now grocery delivery featureRetail Insight Network•Aug 26, 2024•Favor, H‑E‑B
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Favor Delivery Honors Local Restaurants With Best In Texas 2024 AwardsPR Newswire•Aug 06, 2024•Favor
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Favor Delivery Announces a New Integration With the Toast PlatformHospitalitytech•Mar 14, 2024•Favor, Toast
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Favor Teams Up with imaware to Offer Discrete At-Home STI Tests to Women and People Who MenstruateHIT Consultant•Aug 18, 2022•Favor, imaware
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