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Vantage Discovery raised $16M in Series A funding led by Lobby Capital with participation from The Hive, Future Positive, Common Metal, Jony Ive, Evan Sharp, and Biz Stone.
PRIVATEJun 05, 2024•about 2 years ago
Amount Raised
$16 Million
Round Type
Series A
San JoseSoftwareArtificial IntelligenceSaasMachine LearningInvestors
Biz StoneEvan SharpJony IveCommon MetalFuture PositiveThe HiveLobby Capital
Description
Vantage Discovery, an Austin, TX-based AI-powered search and content discovery platform for ecommerce, raised $16M in Series A funding. The round was led by Lobby Capital with participation from The Hive, Future Positive, Common Metal, as well as Jony Ive, Evan Sharp, and Biz Stone. The company intends to use the funds to expand operations and its development efforts.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech