Total amount raised
$25.1 Millions
Latest funding date
12/1/2024
Location
Enterpret has successfully raised $20.8 million in a Series A funding round, aimed at advancing their customer intelligence platform.
Keep reading to explore the intricacies of Enterpret's fundraising journey and the investors backing this innovative platform.
What Is Enterpret?
Enterpret, founded in 2020, is based in San Francisco, California. The company was established by Arnav Sharma and Varun Sharma.
Specializing in customer feedback analysis, Enterpret uses AI and NLP to provide actionable insights for product growth. Their platform centralizes and organizes feedback, making it easier for companies to understand customer needs.
With a team of 11-50 employees, Enterpret continues to innovate in the field of customer intelligence, helping businesses transform unstructured feedback into strategic decisions.
How Much Funding Has Enterpret Raised?
- Seed Round
- Amount Raised: $4.3M
- Date: March 2022
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and refine their AI-enabled customer feedback intelligence platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and build the initial version of their platform.
- Series A
- Amount Raised: $20.8M
- Date: December 2024
- Lead Investors: Canaan Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and deploy no-code AI agents to enhance product, marketing, and sales team integrations.
Total Amount Raised: $25.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Canaan Partners
- Details: Canaan Partners is a venture capital firm that invests in early-stage technology and healthcare companies. Rayfe Gaspar-Asaoka, a partner at Canaan Partners, has joined Enterpret's board.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: LendingClub, Match.com, Ebates.
- Kleiner Perkins
- Details: Kleiner Perkins is a renowned venture capital firm known for backing early-stage and growth companies. They have a history of investing in transformative technology and life sciences companies.
- Investment Focus Areas: Technology, life sciences, sustainability.
- Notable Investments: Google, Amazon, Twitter.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: Peak XV Partners, part of the global Sequoia Capital network, focuses on investments in India and Southeast Asia. They have a strong track record in the region.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, OYO Rooms, Zomato.
- Wing Ventures
- Details: Wing Ventures is a venture capital firm that invests in early-stage business technology companies. They focus on companies that are transforming industries through technology.
- Investment Focus Areas: Business technology, enterprise software, cloud computing.
- Notable Investments: Snowflake, Cohesity, Gong.io.
- Recall Capital
- Details: Recall Capital is a venture capital firm that participated in Enterpret's Series A funding round. Specific details about the firm are limited.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
What's Next for Enterpret?
Enterpret stands at the cusp of significant growth, driven by the increasing importance of customer-centric approaches and the rise of AI and machine learning in analyzing feedback. With the recent $20.8 million Series A funding, the company is poised to scale its platform and deploy no-code AI agents, bridging gaps between product, marketing, and sales teams. This expansion is bolstered by a robust client list, including Monday.com, Canva, and Notion, indicating a vast market opportunity.
Future fundraising seems promising as Enterpret continues to demonstrate rapid growth, doubling its annual recurring revenue and attracting high-profile investors. However, challenges such as competition from other AI-driven platforms and ensuring scalability and reliability of their models loom ahead. Balancing rapid growth with maintaining high-quality service will be crucial for Enterpret's sustained success.
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