Cavela raised $2 million in seed funding led by XYZ Ventures to automate manufacturing processes using AI.
Sep 12, 2024•over 1 year ago
Amount Raised
$2 Million
Round Type
seed
Investors
Go Global VenturesPropel VenturesXyz Ventures
Description
Cavela launched from stealth with $2 million in seed funding. The funding round was led by early-stage VC firm XYZ Ventures, with participation from Propel Ventures and Go Global Ventures.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers