How Much Did Tome Raise? Funding & Key Investors

Tome has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform leverages custom LLMs to transform the sales process, offering detailed account research, automated outreach, and more.

Keep reading to explore the intricacies of Tome's fundraising journey and the investors backing this innovative platform.

What Is Tome?

Tome, founded in 2020 by Henri Liriani and Keith Peiris, is based in San Francisco, California. The company leverages AI to revolutionize sales processes, offering tools for detailed account research, automated outreach, and more. With a team of 11-50 employees, Tome aims to optimize sales playbooks and ensure efficient deal closures.

How Much Funding Has Tome Raised?

1. Seed Round
   • Amount Raised: $6.3M
   • Date: January 2021
   • Lead Investors: Greylock
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of Tome's AI-powered sales tools.
2. Series A
   • Amount Raised: $26M
   • Date: September 2021
   • Lead Investors: Coatue
   • Valuation at Round: $175M
   • Motivation Behind the Round: To scale the platform and expand its user base.
3. Series B
   • Amount Raised: $43M
   • Date: February 2023
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: $300M
   • Motivation Behind the Round: To enhance AI capabilities and integrate more workplace tools.

Total Amount Raised: $75.3M. Current Valuation: $300M.

Key Investors

• Lightspeed Venture Partners
  • Details: Lightspeed Venture Partners is a leading venture capital firm that invests in early and growth-stage companies. They led Tome's Series B funding round.
  • Investment Focus Areas: Enterprise, consumer, health.
  • Notable Investments: Snapchat, GrubHub, Nest.
• Coatue
  • Details: Coatue is a global investment firm focused on public and private companies in the technology, media, and telecommunications sectors. They participated in both Series A and Series B funding rounds for Tome.
  • Investment Focus Areas: Technology, media, telecommunications.
  • Notable Investments: ByteDance (TikTok), DoorDash, Snap.
• Greylock
  • Details: Greylock is a venture capital firm that invests in early-stage companies, particularly in the consumer and enterprise software sectors. They have been involved in Tome's funding since the seed round.
  • Investment Focus Areas: Consumer, enterprise software.
  • Notable Investments: Airbnb, LinkedIn, Facebook.
• Emad Mostaque
  • Details: Emad Mostaque is the CEO of Stability.ai, a company focused on AI and machine learning. He participated as an angel investor in Tome's Series B funding round.
  • Investment Focus Areas: AI, machine learning.
  • Notable Investments: Stability.ai.
• Eric Schmidt
  • Details: Eric Schmidt is the former CEO of Google and a well-known investor in technology and AI startups. He joined Tome's Series B funding round as an angel investor.
  • Investment Focus Areas: Technology, AI startups.
  • Notable Investments: Uber, Magic Leap.

What's Next for Tome?

Tome stands at the cusp of a significant opportunity to disrupt the digital presentation market, currently dominated by giants like Microsoft PowerPoint. With its AI-driven capabilities, Tome can expand beyond presentations to include visual blog posts, bedtime stories, and 3D prototypes. The rapid growth to over a million users underscores the substantial demand for innovative storytelling tools, positioning Tome to redefine productivity and knowledge work.

Future fundraising efforts are likely to focus on scaling operations, enhancing AI capabilities, and expanding the user base. As Tome begins to generate revenue through subscriptions, it may attract more investors eager to capitalize on the growing market for AI-driven productivity tools. However, challenges such as competition from established players, converting free users to paying subscribers, and maintaining the accuracy of AI models will need to be navigated carefully.

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