Ai-Powered Automation Startup For Social Media, Munch, Raises $7.2M In Seed Funding Led By A* Capital
Nov 21, 2023•about 2 years ago
Amount Raised
$7.2 Million
Round Type
seed
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.
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