OffDeal Analysis: $5M Raised
What is OffDeal?
OffDeal describes itself as an AI-native investment bank for small businesses and says it helps owners sell companies with 5 million to 100 million dollars in sales. The company reports more than 1,000 strategic buyer matches on average and positions its process around faster, advisor-led sale processes. OffDeal says it raised 12 million dollars in Series A funding led by Radical Ventures, bringing total funding to 17 million dollars.
Location
236 West 30th Street, New York City, New York 10001, United States
Employees
11-50
Founded
2023
Revenue
$0-6M
Product Features & Capabilities
- AI-driven buyer matching, higher sales prices, faster deal closure, enhanced confidentiality, success-based fees, expert guidance, comprehensive evaluation, targeted buyer outreach, efficient negotiations.
Pricing
- Success-based fee model: you only pay when your business is sold.
- No retainers or hidden costs.
How much OffDeal raised
1 - $4.7 million
5 months agoLead Investor: Radical Ventures, Y Combinator
HQ Full Address
236 West 30th Street, New York City, New York 10001, United States
Market Focus
OffDeal primarily focuses on the market of business sales and acquisitions, utilizing AI technology to connect business owners with strategic buyers to maximize sale prices and streamline the selling process.
Business Model
Success-based fee model, charging 5-10% of transaction value upon successful sale.
Competitors Overview
The main competitors of OffDeal in the AI-driven business selling platform market include:
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BizBuySell: A popular online marketplace for buying and selling businesses. It offers a wide range of listings and resources for business owners and buyers, making it a well-established player in the market.
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Raincatcher: A boutique broker specializing in selling businesses. They focus on personalized service and have a strong reputation for helping business owners achieve favorable sale prices.
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Murphy Business: A leading boutique broker in Florida that provides comprehensive services for business sales, including valuation and marketing strategies.
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First Choice Business Brokers: Specializes in confidential sales and has a network of brokers across the U.S. They emphasize a personalized approach to business sales.
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Houlihan Lokey: A middle-market broker that caters to larger businesses, providing extensive resources and expertise in M&A transactions.
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Streamline Edge: Offers AI solutions for business brokers, helping them streamline their processes and improve efficiency in connecting buyers and sellers.
Notable differences and advantages:
- OffDeal utilizes a custom AI algorithm to analyze businesses against a vast database of past M&A deals, which can help identify ideal buyers and maximize sale prices.
- Competitors like BizBuySell and Raincatcher may not leverage AI to the same extent, focusing instead on traditional brokerage methods and personal service.
- OffDeal's emphasis on technology may provide a more efficient and data-driven approach compared to some traditional brokers.
Investors
- Y Combinator
- Radical Ventures
- Rebel Fund
- Centre Street Partners
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