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Ai-Powered Automation Startup For Social Media, Munch, Raises $7.2M In Seed Funding Led By A* Capital

Nov 21, 2023about 2 years ago

Amount Raised

$7.2 Million

Round Type

seed

BudapestSoftware Development

Investors

Remagine VenturesCardumen CapitalLiquid2A* Capital,

Description

Munch, a leading AI-powered automation platform for social media, today announced their $7.2 million seed funding round. The round was led by A* Capital, supported by Liquid2 and Pre-Seed investors Cardumen Capital and Remagine Ventures. The investment will be focused toward company growth, increasing its reach into new global markets and expanding its offering to enterprises. Additionally, the funds will be allocated to further develop Munch's solution helping content professionals seamlessly create and elevate short-form videos from existing long-form content increasing ROI.

Company Information

Company

Munch

Location

Budapest, Budapest, Hungary

About

We offer a platform for restaurants, bakeries, hotels, supermarkets and other stores to sell their surplus food.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers