nate
Company

Last deal

$38M

Amount

Series A

Stage

17.06.2021

Date

3

all rounds

$47.3M

Total amount

date founded

Financing round

General

About Company
Nate is a shopping app that simplifies online shopping by allowing users to buy any product from any online retailer with just one click.

Industry

Sector :

Subsector :

Also Known As

Nate

founded date

01.10.2018

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The app acts as a universal shopping solution, using micro-agents based on neural networks that read web code and transact online on behalf of users, enabling them to focus on important decisions. Nate also has a social aspect where users can share information about their purchases with friends. Founded in 2018 by Albert Saniger, the fintech company is backed by Coatue, Canaan, Renegade, and Forerunner. With the nate app, users can buy, gift, and save products from any online retailer, and share shopping lists with friends. Privacy cards are issued for every purchase, and the app is available for download in the US App Store.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

NATE INC.
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Money Raised

Their latest funding was raised on 17.06.2021. Their latest investor Canaan Partners. Their latest round Series A

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Co-Investors
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Number of investors

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Seed, Series A
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People

Founders
1
Albert Saniger
Albert Saniger

Albert Saniger

Albert Saniger is the founder and CEO at nate. An experienced coder at a young age, Albert worked through school by teaching students to code – some going on to win national competitions under his guidance. While expanding his knowledge of computing systems, these early teaching experiences also inspired an interest in furthering human potential and empowering personal achievements. After getting his MBA at London Business School and working at Amazon, Albert set out to explore how intelligent automation could facilitate human-driven decisions. In 2018, Albert founded nate and worked with a young team of engineers to develop the app and its AI technology – introducing the first product to automate the mobile checkout process at any online retailer on behalf of a customer. By April 2020, nate had closed the largest series seed round for a consumer software company of the year and launched to the public that summer. Albert’s desire to foster individual potential extended to his approach to building his team, valuing character over experience and hiring early talent. Furthermore honoring the support he received from mentors in the beginning stages of the company, Albert established the nate career accelerator to offer students and early graduates management experience, opportunities for individual media exposure and contribution to high level brand strategy and execution. Albert has been vocal on the topics of workforce transformation, inclusive work culture and leading a new social age of ecommerce and has been featured as a speaker at Brown Entrepreneurship Program and Dive In podcast, Yale’s Elmseed Enterprise Fund, Columbia Organization of Rising Entrepreneurs, and other distinct communities and institutions including NYU, Wharton, Fordham, Stanford Business School, Syracuse University’s iSchool, Rutgers, and others.

current job

nate
nate

organization founded

1

Albert Saniger

Employee Profiles
7
Edoardo Simone Paluan

Edoardo Simone Paluan

Director Of Special Projects

Stephen Milbank

Stephen Milbank

Chief Revenue Officer

Chris Hay

Investor

Greg Le Tocq

Investor

Albert Saniger

Albert Saniger

Founder & CEO

Evan Pincus

Evan Pincus

VP, Finance & Operations

Activity

Recent News
1