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Ittybit raises £1.5M in a funding round led by Mercuri to build AI-led media pipelines for developers worldwide.
PRIVATEJun 05, 2024•about 2 years ago
Amount Raised
£1.5 Million
Round Type
Seed
Investors
Baltic VenturesSure Valley VenturesOxford CapitalMercuri
Description
Manchester-based Ittybit has raised £1.5 million in an oversubscribed funding round led by Mercuri, with participation from Oxford Capital, angel investors, and Baltic Ventures. This investment will enable Ittybit to further its mission of making world-class AI-led media pipelines accessible to developers worldwide.
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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