Total amount raised
$19 Millions
Latest funding date
5/1/2024
Location
Gamma has successfully raised significant funding through multiple rounds, with its latest being a Series A. The platform leverages AI to create presentations, documents, and websites effortlessly.
Keep reading to explore the intricacies of Gamma's fundraising journey and the investors backing this innovative platform.
What Is Gamma?
Gamma, founded in 2020, is based in San Francisco, California. The company specializes in AI-powered tools for creating presentations, documents, and websites.
Founded by Grant Lee, James Fox, and Jon Noronha, Gamma aims to simplify content creation with advanced AI, allowing users to produce professional-quality materials without design or coding skills.
With a team of 11-50 employees, Gamma continues to innovate in the realm of enterprise collaboration, offering seamless integration and dynamic content creation capabilities.
How Much Funding Has Gamma Raised?
- Seed Round
- Amount Raised: $7M
- Date: October 2021
- Lead Investors: Accel, Afore Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop their AI-powered platform and establish a market presence.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and expand the team.
- Series A
- Amount Raised: $12M
- Date: May 2024
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and development efforts.
Total Amount Raised: $19M. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a leading venture capital firm that has been investing in technology companies since 1983. They have a global presence with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Software, internet, and mobile technology.
- Notable Investments: Facebook, Dropbox, Slack.
- Script Capital
- Details: Script Capital is a venture capital firm that focuses on early-stage investments. They aim to support innovative startups with strong growth potential.
- Investment Focus Areas: Technology, healthcare, and consumer products.
- Notable Investments: Not publicly disclosed.
- South Park Commons
- Details: South Park Commons is a community-driven venture capital firm. They provide funding and support to early-stage startups.
- Investment Focus Areas: Technology, software, and internet services.
- Notable Investments: Not publicly disclosed.
- Lorimer Ventures
- Details: Lorimer Ventures is a venture capital firm that invests in early-stage technology companies. They focus on providing strategic support to their portfolio companies.
- Investment Focus Areas: Technology, software, and digital media.
- Notable Investments: Not publicly disclosed.
- Fellows Fund
- Details: Fellows Fund is a venture capital firm that supports early-stage startups. They aim to foster innovation and growth in the technology sector.
- Investment Focus Areas: Technology, software, and internet services.
- Notable Investments: Not publicly disclosed.
What's Next for Gamma?
Gamma's future looks promising as they aim to expand their operations and enhance their AI-powered platform. With the recent $12 million Series A funding, the company is well-positioned to attract more users and businesses, capitalizing on the growing demand for advanced presentation and data visualization tools. The increasing use of AI in business tools and the shift towards remote work present significant opportunities for Gamma to grow and innovate.
As Gamma continues to develop its platform, future fundraising opportunities are likely. The successful Series A round indicates strong investor confidence, suggesting that additional funding rounds could be on the horizon. However, Gamma will need to navigate challenges such as competition from other AI-powered tools and keeping up with rapid technological advancements. Ensuring data security and privacy will also be crucial as they expand their user base.
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