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Augmodo Funded $5.3M for Wearable Tech in Real-Time Inventory Tracking

Inventory

Augmodo is a Seattle, WA-based operator of a business tool intended to manage the retail workforce. The company offers various kinds of services with its software, which helps in route planning and automatically adapts to ever-changing product locations. It also keeps the data for out-of-stock product information, automatically scans the store, and builds a store reprogram, providing retailers with better shelf inventory intelligence and management.

Augmodo was funded $5.3 million led by Lerer Hippeau, with participation from Dunnhumby Ventures, NewFare Partners and other strategic angel investors of Simple Food Ventures. These investors bring not only financial support but also strategic guidance and industry connections, which will be instrumental in our growth and success.

The funds will be utilized to enhance and scale its real-time inventory and task-tracking platform, which leverages the power of wearable technology. Augmodo’s innovative solutions are set to streamline operational workflows in various industries, providing businesses with unprecedented efficiency and real-time data insights.

Augmodo’s platform stands out by uniquely integrating wearable technology with advanced software systems, providing real-time inventory and task completion tracking. This innovative approach is sure to pique the interest of businesses looking for efficient solutions.

Unlike traditional inventory management systems, which often rely on periodic checks or barcode scans, Augmodo’s solution provides continuous data monitoring. This allows for seamless real-time updates on inventory levels, worker task progress, and equipment availability.

Businesses have long grappled with inefficiencies and delays caused by outdated inventory systems. With Augmodo’s platform, organizations can look forward to streamlined operations, reduced human error, and increased transparency across all levels of their supply chain, bringing a wave of optimism for potential improvements.

The seed funding will primarily be used to develop Augmodo’s platform further and expand its capabilities. In addition to improving the software’s tracking accuracy and speed, the company plans to invest in research and development to explore how other wearable devices, such as smart glasses and biometric sensors, can enhance the platform. These enhancements will bring even more efficiency and convenience to our users.

Augmodo is tapping into this burgeoning market with a solution designed specifically for industries requiring precise tracking of physical assets and worker performance. Logistics, healthcare, and retail industries are already showing significant interest in integrating Augmodo’s wearable tech to improve operational efficiency.

As wearable technology grows in popularity, Augmodo’s innovative approach positions it at the forefront of a rapidly evolving market. The company’s blend of cutting-edge technology and practical solutions ensures that it will play a key role in shaping the future of enterprise operations, sparking excitement about the future possibilities.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Why is Quality Content Important for Your Business Growth?

QualityBusiness strategies have changed in the recent past and so have marketing strategies. Marketers are now more vigilant when it comes to applying quality content and innovative ideas in order to persuade potential customers. Similarly, analytical marketers are more inclined toward tracking metrics.

Many companies in the industry are excelling in product manufacturing; however, when it is comes to subjective elements related to content marketing, they lack the expertise. Creating high-quality content has become crucial in order to keep business flourishing and to avoid the risks that can damage brand image.

If you are an entrepreneur, you probably have experience of dealing with directives given by SEO experts, sometimes from Google itself.  But have you ever wondered what this SEO thing really has to do with the success and failure of content market strategy have you used them for your business growth? How does it affect the reputation of your business if the quality of the content is not good enough? Most importantly, what is the way to know if you have really produced great content?

If these questions seem relatable, we can help you find out the answers. We can help you walk through all the important aspects that Google considers when its assess content quality. Plus, you will find some crucial information about how quality content influences your business growth that eventually helps you improve your digital marketing strategies. The information will also help you generate relevant and quality content to grab the attention of your potential customers.

These are the key reasons that explain why creating high quality content is important for business growth?

Importance of Quality Content for Business Growth

There is no denying that powerful digital marketing can make or break your business.  According to expert marketers, a successful business greatly relies on its digital marketing strategies. From search engines to social media, it is high quality content that promotes your business effectively while maintaining your online presence.

Quality content creation is undeniably one of the most important parts of your digital marketing strategy. It does not only connect you with your target audience, but also builds trust between you and your customers.

To put it simply, high-quality content fuels your various marketing techniques. It acts as a base that promotes and endorses your business online. That is why giving attention to the content that it deserves is of paramount importance.

Let us take a look at some key reasons that make producing high quality content important for not only digital marketing purposes, but also business growth.

1.)  High-quality Content Educates Audience

Educating your audience is the very first step to reaching potential customers, especially when they are deciding whether a service or product is worth buying or not. In other words, before making a decision, having the full understanding of the options available is extremely important. That means as a seller it is your responsibility to provide the content that educates your customers properly.

Typically, educational content refers to well -maintained product pages, blog posts, and company homepage, etc.  Moreover, it may include reviews, tutorials, and any other content that can educate customers about your product or service.  It may also incorporate resources customers require to make informed purchasing decisions.

This content is only considered high quality if it is focused on educating the target audience about your business services and offerings.

In order to create valuable content to educate your customers, you need to take the concerns and questions of your customers into account. Your content needs to address the issues a customer faces.  Plus, it should reflect on how your product or service can resolve or relieve those specific issues and how it can make your customers’ life easier.

2.)  Fuel for SEO

Search engines have become the go to solution for anyone looking for an answer to his or her concern or question.  That makes optimizing the content that you create even more important if you want it to stay relevant for the customers.

It is the only way you can attract multiple new leads to your business portal.  However, it is only high-quality content that can help you fuel your SEO (Search Engine Optimization) strategies.

SEO is all about back links, website visitor and most importantly keyword placement. Your content allows you to build webpages that can fuel all these components. If there is no content, there will be no place for keywords, and for your visitors to get the information.

On the contrary, if you are producing excellent content that your customer is looking for and can relate to, reaching the top of search engines will not be difficult. The more customer flow you have, the more opportunities you will get for your business to grow.

3.)  Content is Important for Social Media Strategies

Social media platforms have completely revolutionized marketing strategies in the past few years.    They have become the easiest way to connect with potential customers. You can use it as a powerful tool to establish genuine relationships with your target audience to make a strong customer base.

Social media is not less than a direct way to approach your customers, maintain conversations, get customer feedback and drive new leads to your site.

However, all of this is fueled by high-quality content that basically enables you to retain your target audience. You can direct customers through your powerful Facebook post or Tweet to your website and encourage them to learn more about your services and products. This helps in establishing a better connection with the target audience. In addition to that, this is one of the ways you can make more visitors to go to your website and collect more information about your products. In other words, it can bring you more profit.

Final Thoughts

In a nutshell, there is no way an entrepreneur can deny the significance of digital marketing strategies as well as high quality content when it comes to business growth.  Keep in mind that quality content is crucial for developing connections with your target audience and driving them to your website.

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Big Marketing Wins for Small Businesses on a Budget

Big

In today’s competitive market, small businesses often face the daunting challenge of marketing their products or services on a tight budget. With limited resources, it can seem impossible to compete with larger companies that have massive advertising budgets. However, with strategic planning, creativity, and leveraging digital platforms, small businesses can achieve significant marketing wins without breaking the bank. In this article, we’ll explore some cost-effective marketing strategies that can help small businesses make a big impact.

1. Leverage Social Media Marketing

Social media platforms like Facebook, Instagram, LinkedIn, and TikTok offer excellent opportunities for small businesses to reach a vast audience without spending much money. With billions of users active daily, businesses can build their brand, engage with customers, and even promote products organically.

Start Small, Grow Big: Begin by creating a presence on the platforms where your target audience is most active. You don’t have to be on every social media network. Focus on 1-2 platforms where you can consistently engage with your followers.

Engage with Your Audience: Interact with your audience by responding to comments, sharing user-generated content, and posting relevant and engaging content. By creating authentic relationships, you foster brand loyalty and increase word-of-mouth marketing without spending a dime.

Content is King: Visual content—videos, images, and infographics—tends to perform better on social media. Fortunately, tools like Canva allow businesses to create professional-looking graphics without hiring a designer.

2. Tap into Email Marketing

Email marketing remains one of the most cost-effective ways to keep in touch with your customers and promote your business. It’s estimated that email marketing can deliver an average return on investment (ROI) of $42 for every $1 spent.

Build an Email List: Start by encouraging customers to sign up for your newsletter or special offers. You can offer a free resource or a discount to incentivize them to join your email list.

Segment and Personalize: By segmenting your list based on customer preferences, buying history, or location, you can send targeted messages that resonate with your audience. Personalized emails tend to have higher open rates and better engagement.

Use Free Tools: Platforms like Mailchimp and Sendinblue offer free plans with limited features, which are perfect for small businesses just starting with email marketing.

3. Collaborate with Other Local Businesses

Partnering with other local businesses can be a win-win situation for both parties. Collaboration allows you to tap into each other’s customer base without spending much on marketing.

Co-host Events: Whether it’s a virtual workshop, webinar, or even a joint giveaway, partnering with complementary businesses helps you expand your reach and attract new customers.

Cross-Promote: Promote each other’s products or services through social media, email newsletters, or physical flyers. This strategy helps both businesses reach a wider audience.

4. Take Advantage of Free Publicity

Public relations (PR) isn’t just for big corporations. Local news outlets, blogs, and even podcasts are always looking for interesting stories. As a small business, you can pitch your business story to gain free publicity.

Write a Press Release: If your business is launching a new product, hosting an event, or has an interesting story, send a press release to local newspapers, radio stations, or online publications. Many media outlets are willing to cover small businesses, especially if it’s a unique or feel-good story.

Get Featured on Blogs: Reach out to local bloggers or influencers in your niche. They may be interested in writing about your business, especially if it benefits their audience. In return, offer them free products or services.

5. Maximize the Power of SEO

Search Engine Optimization (SEO) is one of the best ways to drive traffic to your website organically. By optimizing your website content, you can rank higher on search engines, making it easier for potential customers to find you.

Local SEO: If you’re a local business, it’s essential to optimize your site for local searches. Make sure your business is listed on Google My Business, and encourage customers to leave positive reviews.

Optimize Content for Keywords: Do some keyword research to find out what terms your audience is searching for. Use these keywords naturally in your blog posts, product descriptions, and meta tags.

6. Create Shareable Content

Content marketing is a low-cost way to establish your expertise and attract potential customers. By creating valuable content, like blog posts, videos, or how-to guides, you can engage your audience and boost your online presence.

Guest Blogging: Write guest posts for other websites or blogs in your industry. This will help you gain exposure and drive traffic back to your website.

Encourage Sharing: Make it easy for your audience to share your content on social media. Create eye-catching visuals or write compelling headlines to increase your chances of going viral.

Small businesses don’t need a big budget to make a significant impact. By focusing on cost-effective strategies like social media marketing, email marketing, SEO, and collaborations, they can compete in the marketplace and achieve big wins. All it takes is creativity, consistency, and an understanding of your audience.

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Sandgarden Raises $4.5M for Seamless Enterprise AI Integration

Integration

Sandgarden, a NYC-based modularized platform, enables product-driven businesses to rapidly prototype, iterate, and deploy their AI integration.

Sandgarden was funded $4.5 million for a development that has positioned the company for rapid growth in the enterprise artificial intelligence (AI) market. The round of funding was led by Resolute Ventures and Crane Venture Partners, with participation from Panache Ventures, RMS, HearstLab, Locke Mountain Ventures, Jerry Neumann, and other angel investors.

Sandgarden’s platform is a standout in the market, offering a unique solution to the typical hurdles associated with large-scale technology implementation. It seamlessly integrates AI into existing workflows, addressing the complexity that often hinders AI adoption. This unique approach is expected to pique the interest of enterprises struggling with the technological challenges of AI integration, from managing data pipelines to deploying AI models at scale.

Its platform is designed to work across various sectors, allowing businesses to tap into AI’s potential without needing specialized knowledge or extensive infrastructure. The key lies in its ease of use—enabling companies to integrate AI tools and technologies into their operations with minimal disruption, regardless of the industry. This simplicity is expected to accelerate AI adoption rates, making Sandgarden’s offering particularly attractive to enterprises looking to innovate without the headache of a complex setup.

The $4.5 million raised will be allocated towards expanding the company’s platform, improving customer onboarding, and enhancing product features. Sandgarden has exciting plans to use the funds to scale its workforce, particularly in engineering, customer success, and sales teams, which are critical to supporting the growing demand for its services. This expansion presents a unique opportunity for talented individuals to join our team and be part of our growth journey.

Another critical aspect of Sandgarden’s mission is its contribution to bridging the AI skills gap in enterprises. The company’s platform integrates AI into existing systems and provides automated processes, reducing the need for highly specialized in-house AI teams. This is especially beneficial for mid-size companies or industries where AI talent is scarce or costly to retain. With Sandgarden’s platform, businesses can deploy AI-driven solutions without investing heavily in hiring or training.

With the enterprise AI market set to grow exponentially, Sandgarden’s platform is poised to make a significant impact. As businesses increasingly seek to use AI to improve operational efficiency, enhance customer experience, and unlock new revenue streams, Sandgarden’s plug-and-play solution for integrating AI into complex systems positions it as a key player in this growing sector.

With a clear mission of making AI accessible to every enterprise, Sandgarden is well-positioned to transform the enterprise AI landscape. As the demand for streamlined AI integration solutions continues to rise, this investment will allow Sandgarden to stay ahead of the curve, driving innovation and simplifying AI adoption for businesses worldwide.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Aspects that Trigger Your Customers Buying Interest

Customers

Irrespective of how exquisite the product or service is, it might not sustain itself in the market for long if the makers or providers are not aware of the reasons behind the success of their product or service. It’s crucial for any business to understand their customers – thoroughly get into the minds of consumers – to sustain and thrive in this world of stiff competition.

We human beings generally have the same mental forces that drive us to take certain actions. For a business to be successful it is highly recommended that it identifies those driving forces and utilize them as part of their marketing strategies. This is because our minds work in strange ways, leading us to take actions that we ourselves are not even fully aware of.

The three questions that all businesses should ask themselves regularly are; what do we know about our customers? What makes our customer buy a certain thing from us over everything else and everyone else in the market? What impact will your product or service have on the lives of your customers?

What Do We Know about our Customers?

Having knowledge of the very basic things, such as name, age, gender, etc, to having in-depth knowledge of demographic, psycho-graphic, and socio-economic factors provides a multi-dimensional view of your customers’ choices.

It allows businesses to strategically analyze these insights and find patterns to anticipate the current and future needs of their customers.

Whether it’s a B2B, B2C, or any other kind of business, knowing your customers – their likes and dislikes, interests and disinterest, cravings and distaste -is imperative before striking a deal. It’s actually quite simple, knowing about your customers will make things easy for you as well as them.

Here you’ll implement a crucial cognitive rule; less is more. We do tend to opt for the shortest ways to achieve the fastest results. By using words like easy, convenient, fast, and systematic in marketing campaigns businesses implicitly, as well as explicitly, gives out a vivid message that they are the simplest solution providers to individuals’ problem.

This ensures success in generating current and well as future sales. Even simple transactions, such as ordering a pizza or buying clothes, if the organization will already have insights about the previous orders that the customer placed, they can easily make customized suggestions to that customer. They can also skip taking the basic details about their home address, phone number, etc, and most importantly they can ensure an optimum level of satisfaction from the customers’ side.

What makes our customers buy a certain thing from us over everything else and everyone else in the market?

Think of this as someone choosing a life partner; what possible reasons they could have to choose you over anyone else, and what possible reasons could they have to break-up with you and move on to your competitor.

Looking on the bright side, businesses can easily find answers to these questions, as compared to individuals. Fortunately, businesses can be divided into multiple characteristics, from service, price, magnitude, and recognition to customers’ experiences, product range, and accessibility – to name a few – to access their current and future progress.

It is worthwhile to find that the reasons behind the choices that your customers make helps you discover your Unique Selling Proposition (USP). Your USP is the gist of this answer; it determines why your customers show a certain level of interest in you over your competitors. Your USP can (and in my view should) change with changing market trends and you can even have different USPs for different customers.

Businesses should always have the big picture in mind that with this one transaction they are making way to many more. One way of achieving this is by providing customized product or service. This will make your customers feel important and you will let them know that you actually care about their needs.

Don’t give them a reason to be back, but make sure that they have a choice that if they do, their query will be the most important duty you have to perform. Furthermore, it is even more fruitful to have your USP constantly in-check because if your competition has adopted your USP, then it is not unique anymore, and your customer can easily switch to your competitors.

Moreover, we as homo-sapiens have a tendency to grow indifferent toward monotonous things. Hence, it is advisable that products, marketing campaigns, packaging, and other elements associated with selling a product or service, are revised after every few months or so.

This creates a sense of novelty and it is scientifically proven that experiencing something new releases dopamine in the human brain that plays a vital role in motivating behavior, thus driving more sales.

What impact will your product or service have on the lives of your customers?

A business’ duty does not end after ensuring successful sales of their product; on the contrary, it starts from there. Businesses would want to ensure that customers have a great experience using their product or services to not only make a long-lasting relationship with that one customer, but also to exponentially increase sales through the referral of all the satisfied customers.

Did you know that consumers are two times more inclined to share their bad customer service experience as compared to a positive one! Moreover, it costs 5 times more to engage a new customer as compared to sustaining an existing one.

We as individuals would know this very well that we tend to love taking advice – whether in business or in our personal matters – consultation has always been that one thing which gives us a sense of assurance and guides us to a specific path or thing. Likewise, that is the power of referrals.

Businesses can ask their customers to refer them and let individuals know that their references are highly appreciated or they can utilize the most powerful cognitive tool to ensure their attention toward the product that is – memory. By associating products or services with top celebrities in a marketing campaign, it not only triggers a memory whenever the consumer spots the product, but subconsciously they are already drawn toward that particular product or service.

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Fermah Funded $5.2M to Simplify ZK Proof Generation

Proof

Fermah, a NYC-based, developer of proof generation layer platform intended to offer marketplace support to its users. The company’s platform manages supply and demand size with the help of machines such as GPUs and FPGAs, enabling users to get cheap, fast, and reliable ZK-proof generation.

Fermah was funded $5.2 million led by a16z CSX fund and Lemniscap with participation from Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, and Daemon Ventures, as well as angel investors including former Coinbase CTO and a16z. The company intends to use the funds to accelerate product development and team expansion.

Fermah’s mission is to abstract away the complexity involved in creating and using ZK proofs, making them accessible to developers and businesses without requiring deep cryptographic knowledge. By doing so, Fermah aims to unlock new use cases for ZK proofs across various industries, from decentralized finance (DeFi) to secure data sharing in enterprise environments.

The core value proposition of Fermah’s platform lies in its user-friendly interface and developer tools that simplify ZK proof generation. Instead of writing intricate cryptographic code, developers can use Fermah’s APIs and tools to easily integrate ZK proofs into their applications. This abstraction layer reduces both the time and expertise needed to deploy secure and privacy-preserving solutions, opening the doors for wider adoption.

Fermah also plans to invest in community-building efforts, providing resources and support for developers interested in using ZK proofs in their projects. By fostering an ecosystem around their platform, Fermah aims to drive innovation in how ZK proofs are used across industries.

The significance of Fermah’s platform extends beyond simply making ZK proofs easier to generate. It represents a broader trend of abstracting complex technologies to make them more accessible and usable by the developer community. In much the same way that cloud providers like AWS abstract the complexity of infrastructure management, Fermah is doing the same for cryptography with its ZK proof tools.

This strategic positioning could make Fermah a key player in the future of decentralized technology. As industries continue to shift towards privacy-centric solutions, the demand for technologies that can protect user data while ensuring security will only grow. Fermah’s platform could serve as the foundational layer for a new wave of applications built on ZK proofs.

With fresh capital in hand, Fermah is poised to accelerate its growth trajectory. In the short term, the company plans to enhance its platform by adding new features that further streamline ZK proof generation. Long-term, Fermah aims to expand its customer base by targeting industries beyond blockchain, including finance, healthcare, and government sectors where privacy-preserving technologies are in high demand.

Fermah’s success in simplifying ZK proofs could also inspire other startups and tech companies to explore similar strategies, potentially leading to broader adoption of privacy-focused technologies across the tech landscape.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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How to Convince Investors Your Business is Worth the Risk

Risk

In today’s competitive business landscape, attracting investment is a daunting task for many entrepreneurs. Whether you’re seeking funding from venture capitalists, angel investors, or crowdfunding platforms, one question remains at the forefront of their decision-making: Is this business idea really worth the risk? Convincing investors to part with their money is no small feat, but with a strong strategy, clear communication, and a solid understanding of your business’s value proposition, you can greatly improve your chances of success. Here’s how to make your case convincingly.

1. Develop a Strong Business Plan

The foundation of convincing investors begins with a well-crafted business plan. Investors want to see the roadmap of your business, detailing how your idea will transition into a profitable venture. A business plan should include:

  • Executive Summary: A clear and concise overview of your business.
  • Market Analysis: Research that demonstrates there’s a demand for your product or service.
  • Competitive Landscape: A breakdown of the competition and how your business will stand out.
  • Financial Projections: Realistic financial goals, including potential profits and key milestones.

A detailed business plan shows investors that you’ve thought through your idea thoroughly and understand the market dynamics. It demonstrates preparation, which minimizes the perceived risk.

2. Highlight the Unique Value Proposition

Your business idea must solve a specific problem or meet a need in a way that competitors aren’t addressing. This is where your unique value proposition (UVP) comes in. The UVP distinguishes your product or service from others on the market. To convince investors, you must communicate:

  • Why customers will choose your product over others.
  • What sets you apart from existing market players.
  • The specific problem your product solves.

By clearly articulating your UVP, investors are more likely to see your business as a worthy risk because it fills a gap in the market, making it more likely to succeed.

3. Present a Clear Path to Profitability

While passion for your idea is essential, investors are more concerned about the numbers. How soon will they see a return on their investment? This is where you need to present a clear path to profitability. Provide realistic timelines that show when your business will break even and how it will generate sustainable revenue streams. Ensure your financial projections include:

  • Cash flow analysis
  • Sales forecasts
  • Projected expenses

Avoid overly optimistic projections. Investors are savvy and will recognize when numbers don’t add up. By showcasing realistic, attainable financial goals, you demonstrate that you understand the economic realities of your business.

4. Build a Strong Team

Investors don’t just invest in ideas; they invest in people. A capable, experienced, and passionate team can make all the difference. Highlight the strengths of your team by discussing their background, skills, and experience. Show how your team’s expertise directly relates to the success of your business idea. If you’ve hired industry experts or seasoned professionals, mention their past successes. Investors want to know that the people running the business are capable of executing the plan.

5. Address Potential Risks Head-On

One of the biggest mistakes entrepreneurs make is glossing over the risks associated with their business. Investors know that every venture has potential downsides. Instead of avoiding this, confront it directly by identifying the possible challenges and presenting your strategies for mitigating them. This could include:

  • Market risks: How will you adapt if customer demand doesn’t meet expectations?
  • Financial risks: What will you do if funding falls short or cash flow dips?
  • Operational risks: How will you handle scaling issues or potential bottlenecks?

By addressing risks upfront, you show investors that you’re prepared for challenges and have contingency plans in place, reducing their concerns.

6. Showcase Market Validation

Investors love to see that your idea has market traction. If your product or service is already generating sales, even at a small scale, this can greatly reduce their perception of risk. Market validation can come in different forms:

  • Customer testimonials or feedback
  • Early sales numbers
  • Letters of intent or contracts from potential clients
  • Successful pilot programs

Demonstrating that people are already interested in or paying for your product signals to investors that your business idea is grounded in reality and already has a viable market.

7. Be Transparent and Honest

Honesty is critical when convincing investors to back your business idea. Investors are used to hearing perfect pitches, but they also know that no business is without challenges. Be transparent about your business’s current stage, whether you’re in the idea phase or already generating revenue. Disclose any previous setbacks and how you’ve learned from them. Transparency fosters trust, and trust is essential for long-term investment relationships.

8. Create an Emotional Connection

Numbers are important, but so is the human element. Investors often make decisions based on gut feelings as much as data. You must connect with them on a personal level by sharing your story. Why are you passionate about this business? What inspired you to start it? Personal anecdotes can make your pitch more relatable and memorable. Investors want to back entrepreneurs who believe in their idea deeply enough to weather the tough times.

9. Leverage External Validation

In addition to market traction, external validation can strengthen your case. This can include:

  • Awards or recognition in your industry.
  • Partnerships with established companies that lend credibility.
  • Endorsements from influential people within your niche.

These types of external signals can reassure investors that your business idea has been vetted by others and deemed valuable.

Conclusion

Convincing investors that your business idea is worth the risk is about more than just having a great concept. It requires careful preparation, clear communication, and a deep understanding of both your market and the financial realities of your business. By crafting a strong business plan, highlighting your UVP, presenting a clear path to profitability, building a strong team, and addressing risks head-on, you can demonstrate to investors that your idea is not only viable but also worth the investment.

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Candid Therapeutics Funded $370M for Autoimmune Therapies

Autoimmune

Candid Therapeutics, a San Diego, CA-based biotechnology company, is steadfast in its mission to develop potentially transformative drugs that address autoimmune diseases. Their unwavering dedication is a testament to their commitment and reliability in the field.

Candid Therapeutics was funded $370 million, propelling the company toward developing breakthrough therapies targeting autoimmune diseases. This substantial investment marks a pivotal moment in Candid’s mission to revolutionize treatment for patients with debilitating autoimmune conditions. With this financial boost, the company aims to accelerate its clinical trials and bring life-changing therapies to market.

Candid Therapeutics’ innovative approach is at the forefront of the industry, utilizing cutting-edge technologies such as gene editing and advanced biologics. This novel strategy, designed to reset the immune system rather than suppress it, could significantly reduce the need for lifelong medication and minimize the side effects associated with traditional therapies, such as immunosuppressants.

The round was co-led by Venrock Healthcare Capital Partners, Fairmount, TCGX, and venBio Partners. Other healthcare angel investors included Foresite Capital, Third Rock Ventures, Fidelity Management & Research Company, Samsara BioCapital, Qiming Venture Partners USA, OrbiMed, Boxer Capital, Redmile Group, Vida Ventures, Two River, Franklin Templeton, LifeSci Venture Partners, Mirae Asset Capital Life Science, Polaris Innovation Fund, Soleus Capital and others.

Candid Therapeutics is currently focusing its efforts on three primary autoimmune diseases: type 1 diabetes, inflammatory bowel disease (IBD), and multiple sclerosis (MS). Each condition represents a significant unmet need in the medical community, with millions of patients worldwide seeking more effective treatments.

With the new funding, Candid Therapeutics plans to initiate several clinical trials over the next 12 to 18 months. The company works closely with regulatory agencies to ensure swift approval and efficient trial processes. Early-stage trials have shown promising results, particularly in their type 1 diabetes and MS programs, where patients demonstrated a marked improvement in disease progression and symptom reduction.

Candid Therapeutics’ funding success reflects a growing investment trend in biotechnology companies focused on autoimmune diseases. As the prevalence of these conditions continues to rise, there is increasing demand for new treatments that offer more than symptom management. Investors recognize the potential for innovative therapies to disrupt the current treatment landscape and provide significant returns, both financially and in terms of patient outcomes.

The biotech industry is eagerly watching Candid Therapeutics as it moves toward clinical trials and potential FDA approvals. If successful, the company’s therapies could not only represent a new frontier but also a beacon of hope in autoimmune disease treatment, offering optimism to millions of patients worldwide.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

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Moveo.AI Funded $2.6M to Boost AI Technology and Drive Global Expansion

AI Technology

Moveo.AI, a NYC-based developer, stands out with its unique conversational AI technology agent. This agent, designed to enhance customer service, utilizes proprietary large language models trained on historical and real-time data. These models enable the creation of self-improving generative artificial intelligence agents, empowering enterprises to elevate customer experiences and operational efficiency through the implementation of virtual agents.

Moveo.AI’s recent funding of $2.6 million, led by Eleven Ventures angel investors with participation from Uni.Fund and Charge.vc, is a strategic move. It underscores the growing confidence in Moveo.AI’s potential to revolutionize AI-driven solutions across various industries.

Moveo.AI’s current achievements are not just milestones, but strategic investments aimed at bolstering its AI technology. The company plans to allocate significant funds to enhance its proprietary AI algorithms and expand its suite of AI-driven products and services, demonstrating its commitment to continuous innovation.

In an industry where continuous innovation is crucial, Moveo.AI’s focus on refining its technology will likely set it apart from competitors. The company has been known for its cutting-edge AI tools that provide businesses with advanced analytics, automation, and decision-making capabilities. With this new funding, Moveo.AI aims to push the boundaries of what its AI technology can achieve, offering even more sophisticated solutions to its growing client base.

Moveo.AI’s expansion strategy is not just about increasing its physical footprint in these regions, but also about tailoring its AI solutions to meet the specific needs of local markets. This strategic approach will enable the company to tap into new opportunities, expand its customer base, and build stronger relationships with businesses worldwide, instilling confidence in its future growth.

Moveo.AI’s expansion comes at a strategic time, aligning with the global surge in demand for AI solutions. This foresight positions the company to meet the needs of businesses across various sectors, from finance and healthcare to retail and logistics, who are increasingly turning to AI to streamline operations, enhance customer experiences, and gain a competitive edge.

Moveo.AI’s solutions, including AI-powered chatbots, predictive analytics, and process automation tools, have already gained significant traction among businesses seeking to leverage AI for growth. With the new funding, Moveo.AI is well-positioned to scale its operations and meet the rising demand for AI-driven innovations, further solidifying its market position.

As part of its expansion strategy, Moveo.AI is also looking to strengthen partnerships with key players in the tech industry. The company has a history of collaborating with other technology firms to integrate its AI solutions into broader tech ecosystems. These partnerships enhance the capabilities of Moveo.AI’s products and help the company reach a wider audience.

The recent funding round’s success can be attributed to the strong leadership of Moveo.AI’s executive team, which has been instrumental in guiding the company’s growth and development. The team’s vision for the future involves advancing AI technology and ensuring that Moveo.AI remains at the forefront of the AI industry.

Looking ahead, Moveo.AI is committed to maintaining its focus on research and development, with a strong emphasis on creating AI solutions that are not only powerful but also ethical and transparent. The company recognizes the importance of building AI technologies that can be trusted by businesses and consumers alike, and it is committed to maintaining high standards of integrity and accountability in its operations, reassuring the audience about its values.

By: K. Tagura

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Otto Funded $6M to Develop AI-Powered Travel Assistant

Assistant

Otto, a Seattle, WA-based developer of a business travel booking platform designed for small businesses and startups. The company’s platform leverages artificial intelligence to build an intelligent and autonomous travel agent assistant for business travelers that facilitates flight and hotel bookings through natural language queries, enabling clients to streamline the travel booking process.

Otto was funded $6 million led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry, this significant investment is aimed at developing an advanced AI-powered travel assistant designed to simplify and enhance the travel experience for users around the globe.

Otto aims to bridge the gap between technology and personalized travel experiences. The seed round, led by prominent venture capital firms with a keen interest in travel and AI, signals strong confidence in Otto’s vision. This funding will accelerate the development of Otto’s platform, enabling the company to bring its innovative solution to market more quickly.

In recent years, artificial intelligence has become a transformative force across numerous industries, and travel is no exception. Otto’s travel assistant is set to capitalize on this trend by offering a solution that not only helps users plan trips but also provides real-time assistance during their travels. The AI-driven platform is expected to offer personalized recommendations, seamless itinerary management, and live support, all tailored to the unique preferences and needs of each traveler.

Traveling, while exciting, often comes with its share of challenges— from booking flights and accommodations to navigating new destinations. Otto’s AI-powered assistant aims to alleviate these pain points by providing a one-stop solution that integrates various aspects of travel planning and execution. By leveraging machine learning and natural language processing, Otto intends to deliver a user experience that feels more like interacting with a knowledgeable and intuitive travel companion than using a traditional app.

Otto’s entry into the travel tech market comes at a time when the industry is ripe for innovation. As travel rebounds post-pandemic, there is a growing demand for tools that can simplify travel logistics while enhancing the overall experience. Otto’s AI-powered assistant is well-positioned to meet this demand, offering a solution that is both cutting-edge and user-centric.

The industry has reacted positively to Otto’s announcement, with many experts predicting that the company’s innovative approach could set a new standard in travel assistance. Investors are particularly excited about the potential for Otto to disrupt the travel planning process, making it more efficient and enjoyable for consumers.

Otto’s successful seed funding round marks the beginning of what promises to be an exciting journey in the travel tech industry. With its focus on leveraging AI to create a truly personalized travel assistant, Otto is poised to make a significant impact on how we plan and experience our travels in the coming years.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.