Zenreach Valuation, Funding & Investors
Zenreach is valued at $210M as of August 2018.
Last Zenreach valuation
$210M
Series A · Aug 2018
Last Zenreach funding round
$13M
Series A · Nov 2023
Cumulative funding Zenreach raised
$107M
across 6 funding rounds
Key investors in Zenreach
Bain Capital Ventures
Founders Fund
SV Angel
First Round Capital
8VC
Formation 8
About Zenreach
Zenreach is a San Francisco-headquartered customer engagement platform linking digital ads to in-store visits for retail and restaurants. The system builds profiles from WiFi logins and measures Walk-Through Rate for campaigns on Facebook. Peet's Coffee and Ruth's Chris use it across 10,000 locations. Founded in 2012 and acquired by Footprints in 2021, Zenreach boosts repeat visits via SMS marketing.
Founded
2012
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$210M (Aug 2018)
Zenreach Valuation
Zenreach is currently valued at $210M, based on its Series A in August 2018.
Zenreach valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2018 | Series A | $210M |
Zenreach Funding History
Zenreach has raised a total of $107M across 6 funding rounds.
Zenreach's first fundraising round was a $4M seed round in July 2013. The most recent completed round was a $13M Series A in November 2023.
Zenreach funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series A | 8VC; Atomic Asset Management | $13M | - | Zenreach, now operating as Adentro, provides CRM and marketing solutions for local businesses, focusing on customer loyalty, in-store behavior analysis, and targeted campaigns. The company raised a total of $106.72M across 7 funding rounds, reaching Series C - III stage. Its latest round was Series C - III for $12.72M on November 13, 2023, led by investors 8VC and Atomic Management. Previous rounds include Series C at an indicated valuation of $193.42M, along with Series B and earlier stages backed by investors like Founders Fund, First Round Capital, and Bain Capital Ventures. Adentro operates in the loyalty and rewards tech space, competing with companies like Placer.ai, and holds patents such as one granted on November 5, 2024, for integration of content distribution with device detection in physical venues. |
| Aug 2018 | Series A | - | $14M | $210M | Zenreach raised USD 14 million in a Series B funding round. This brought the company's total amount raised to USD 12.715 million. The funding resulted in a current valuation of USD 209.894 million. |
| Mar 2017 | Series C | SV Angel; First Round Capital; Thirty Five Ventures; 8VC; Maverick Ventures; Founders Fund; Bain Capital Ventures | $30M | - | Zenreach raised $30 million in Series C funding on March 23, 2017, from investors including Maverick Ventures, Founders Fund, 8 VC, Bain Capital Ventures, First Round Capital, and SV Angel, along with celebrity investors NBA star Kevin Durant and actor Ashton Kutcher. The company's Series C brought total capital raised to $80 million. Zenreach provides customer relationship management and location-based marketing solutions for brick-and-mortar businesses by offering free Wi-Fi in retail locations. When customers connect to Zenreach's router and register using their email address, phone number, or Facebook account, the company builds a customer database that enables businesses to deliver targeted promotions and measure the effectiveness of marketing efforts through foot traffic analytics. Founded by Jack Abraham, who previously sold his shopping startup Milo to eBay for $75 million, Zenreach distinguishes itself from competitors by requiring no change in customer behavior or staff training—the system automatically begins collecting customer data upon installation. At the time of the Series C, the company reported collecting an average of 10 email addresses per day for each business customer. The round included notable executive hires, with former Groupon vice president Zach Finley joining as executive vice president of growth and operations, and Derek Seibert, who held several roles at Uber, joining as director of growth. |
| Jul 2016 | Series B | Founders Fund (lead); SV Angel; First Round Capital; Formation 8; Uncork Capital; Bain Capital Ventures | $30M | - | Zenreach is a stealth WiFi and customer loyalty startup that provides free WiFi access points for brick-and-mortar merchants, requiring customer email registration upon login to enable automated, just-in-time marketing campaigns. The platform tracks customer visits, measures walk-through rates into stores, and reports campaign success metrics like return visits and lifetime value, helping merchants optimize marketing similar to e-commerce analytics. In San Francisco, over one-third of the population had logged into their service prior to the funding announcement, with the company growing to 150 employees. On July 19, 2016, Zenreach raised $30 million in a Series B round led by Founders Fund, with participation from Bain Capital Ventures, First Round Capital, and Formation 8. Peter Thiel joined the board as part of the deal. Including prior funding, the company had raised $50 million to date. The new capital was allocated to expand headcount, extend the product to new verticals, pursue a long-term product roadmap, and support international growth. The platform differentiates by focusing on physical store foot traffic and repeat visits rather than just digital metrics like open or click-through rates. |
| Mar 2015 | Series A | Felicis; Formation 8; DHVC; Bain Capital Ventures | $16M | - | - |
| Jul 2013 | Seed | Founder Collective (lead) | $4M | - | - |
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Who has invested in Zenreach?
13 investors have backed Zenreach across its funding rounds, including Bain Capital Ventures, Founders Fund, SV Angel, First Round Capital, 8VC and Formation 8.
Lead investors include Founders Fund and Founder Collective.
Zenreach Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Participant | Mar 2015 | |
| San Francisco, CA | 2 | Participant | Jul 2016 | |
| Philadelphia, PA | 2 | Participant | Jul 2016 | |
| San Francisco, CA | 2 | Participant | Mar 2017 | |
| United States | 2 | Participant | Mar 2015 | |
| San Francisco, CA | 2 | Lead | Jul 2016 | |
| New York City, NY | 1 | Participant | Mar 2017 | |
| San Francisco, CA | 1 | Participant | Mar 2015 | |
| United States | 1 | Participant | Mar 2017 | |
| San Francisco, CA | 1 | Participant | Mar 2015 | |
| San Francisco, CA | 1 | Participant | Jul 2016 | |
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Start Free TrialZenreach Competitors
Zenreach competitors include listed companies like AnyMind Group and Sprout Social, and private ones like IGAWorks, Ve Global, Marin Software and CGWORLDWIDE ADVERTISEMENT LLC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Japan | Publicly listed | $368M | $12M | $301M | 0.7x | |
 Seoul | Private | - | - | $328M | - | |
 London | Private | - | - | $377M | - | |
| San Francisco, CA | Private | $77M | - | $425M | 5.5x | |
| Las Vegas, NV | Private | - | - | $79M | - | |
| United States | Publicly listed | $458M | ($31M) | $656M | 1.2x |
Zenreach Public Comps
Zenreach is still privately-owned, but its public comps include Viant, Wewards, dotDigital Group, i-mobile Co., Verve Group, Plaid, TON Strategy, Fan Communications, NeoJapan and Coveo Solutions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $344M | $23M | 0.7x | 1.0x | 10.9x | 3.6x | |||
| - | ($77K) | - | - | (2932.9x) | - | |||
| $113M | $33M | 1.3x | 1.2x | 4.5x | 3.7x | |||
| $138M | $28M | 0.2x | 0.2x | 1.2x | - | |||
| $634M | $141M | 1.1x | 0.9x | 4.9x | 4.3x | |||
| $86M | $9M | 1.6x | 1.1x | 15.3x | - | |||
| $13M | ($148M) | 11.0x | 11.0x | (1.0x) | - | |||
| $46M | $14M | 1.8x | 1.8x | 6.0x | - | |||
This data is available for Pro users. Sign up to see all Zenreach competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zenreach
| When was Zenreach founded? | Zenreach was founded in 2012. |
| Where is Zenreach headquartered? | Zenreach is headquartered in San Francisco, CA, United States. |
| Is Zenreach publicly listed? | No, Zenreach is a private, VC-backed company. |
| What is Zenreach's valuation? | Zenreach was last valued at $210M in its Series A in August 2018. |
| How much funding has Zenreach raised? | Zenreach has raised $107M across 6 funding rounds. |
| What was Zenreach's last funding round? | Zenreach's last funding round was a $13M Series A in November 2023. |
| Who are Zenreach's investors? | Zenreach's investors include Bain Capital Ventures, SV Angel, First Round Capital, 8VC, Formation 8, Founders Fund, Thirty Five Ventures, Felicis, Maverick Ventures, DHVC and 3 others. |
| Which companies are comparable to Zenreach? | Companies comparable to Zenreach include AnyMind Group, IGAWorks, Ve Global, Marin Software, CGWORLDWIDE ADVERTISEMENT LLC and Sprout Social. |
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