Copy.AI Pitch Deck used to Raise $11 Million in Series A
Company Background:
Copy.AI has proven to be one of the most rapidly expanding firms in recent memory, exceeding $1 million in annual revenue in less than a year. The AI-powered platform (based on GPT-3) provides organizations with strong copywriting skills.
The startup announced its second round of fundraising on the anniversary of their Twitter debut: $11M from renowned VC companies including Sequoia, Craft, and Tiger (after a $2.9M seed round in March). The firm has increased its yearly recurring income from nothing to $2.4 million, according to founder and CEO Paul Yacoubian.
Business Model & Funding Summary:
- Industry: Publishing, Writing, Freelance
- Business model: SaaS, B2B
- Year: 2021
- Amount raised: $11M
- Stage: Series A
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