Goodtime Labs

othersbeacons

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

GoodTime Labs (Makers of Hiro Baby & Downtown) is a Palo Alto based startup that builds predictive commerce technology.http://www.forbes.com/sites/jjcolao/2014/06/18/what-does-the-future-of-retail-look-like-four-young-companies-provide-a-glimpse/http://techcrunch.com/2014/08/28/downtown-launches-mobile-payment-app-in-palo-alto/

MEDICI Analysis

Downtown is decentralizing the point of sale. Downtown leverages iBeacons technology to not only provide true mobile payments but also make it accessible to local business of all size.

Focus

PRODUCTS & SERVICES

iBeacons

REVENUE MODEL

The buisness model is not disclosed by the Company. It is possible that they charge restaurats a monthly fee for the service and an upfront ibeacoin purchase fees.

MAIN CLIENTS

Businesses

Traction

VALUATION / MARKET CAP:

$3.3 M in 2015

People

FOUNDERS

Max Noelle

Xavier de Ryckel

Phillip Buckendorf

BOARD MEMBERS AND ADVISORS

Xavier de Ryckel

Phil Buckendorf

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Archimedes Labs

Graph Ventures

InnoValley China

Innovation Nest

Pavel Serbajlo

Phil Buckendorf

Pulsar Venture Capital

Scott Banister

Social Capital

Varsity Ventures

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Jun 2015

SEED CLOSED ON

Jun 2015

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp