Total amount raised
$39 Millions
Latest funding date
Location
Voiceflow has successfully raised significant funding over multiple rounds, attracting notable investors such as Craft Ventures and Amazon. The platform specializes in building and deploying AI-powered chat and voice agents for customer support and other applications.
Keep reading to delve into the details of Voiceflow's funding journey and the investors who are backing this innovative platform.
What Is Voiceflow?
Founded in 2019, Voiceflow is headquartered in San Francisco, California. The company was established by Andrew Lawrence, Braden Ream, Michael Hood, and Tyler Han.
Voiceflow specializes in providing a collaborative platform for building AI-powered chat and voice agents. These agents are designed to enhance customer support and other applications through advanced conversational capabilities.
With a team of 51-100 employees, Voiceflow continues to innovate in the field of AI, offering tools like a developer toolkit, knowledge base API, and workflow builder to create sophisticated AI agents.
How Much Funding Has Voiceflow Raised?
- Seed Round
- Amount Raised: $500K
- Date: October 2018
- Lead Investors: Ripple Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and pivot from Storyflow to Voiceflow.
- Seed Round
- Amount Raised: $3.5M
- Date: May 2019
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its capabilities.
- Series A
- Amount Raised: $20M
- Date: July 2023
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and development of the platform.
- Venture Round
- Amount Raised: $15M
- Date: August 2023
- Lead Investors: OpenView
- Valuation at Round: $105M
- Motivation Behind the Round: To invest in Voiceflow’s core product and enhance its collaborative AI platform.
Total Amount Raised: $39M. Current Valuation: $105M.
Key Investors
- OpenView Venture Partners
- Details: OpenView is a venture capital firm that focuses on expansion-stage software companies. They led the $15 million funding round for Voiceflow.
- Investment Focus Areas: Business software, SaaS, enterprise software.
- Notable Investments: Datadog, Expensify, Calendly.
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that invests in early-stage and growth-stage companies. They are a returning investor in Voiceflow.
- Investment Focus Areas: Consumer internet, enterprise, health tech.
- Notable Investments: Shopify, Plaid, Canva.
- True Ventures
- Details: True Ventures is a venture capital firm that focuses on early-stage technology startups. They have been involved with Voiceflow since its early days.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Peloton, Fitbit, Ring.
- Ripple Ventures
- Details: Ripple Ventures is a venture capital firm that focuses on early-stage investments. They were the lead investor in Voiceflow's initial seed round.
- Investment Focus Areas: SaaS, enterprise software, fintech.
- Notable Investments: Voiceflow, Tread, OnCall Health.
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage companies. They have been a significant backer of Voiceflow.
- Investment Focus Areas: SaaS, marketplaces, e-commerce.
- Notable Investments: Airbnb, SpaceX, Slack.
What's Next for Voiceflow?
Voiceflow stands at the cusp of a significant opportunity, driven by the burgeoning demand for conversational AI solutions. The platform's ability to enhance product innovation and support AI product teams positions it well to capitalize on the industry's projected growth from $9.6 billion in 2023 to $47.6 billion by 2033. This expansion opens doors for Voiceflow to serve more Fortune 500 companies and expand its user base beyond the current 130,000 global users.
Future fundraising seems promising, given the company's strong financial health and the market's rapid growth. Voiceflow's recent $15 million funding round, led by OpenView Venture Partners, underscores investor confidence and sets the stage for potential future rounds to support further development and market penetration. However, the company must navigate challenges such as maintaining its competitive edge amidst growing competition and continuously innovating to meet evolving enterprise needs.
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