Napkin raised $10M in seed funding led by Accel and CRV to expand operations and development efforts.

Aug 08, 2024•11 months ago

Amount Raised

$10 Million

Round Type

seed

Palo AltoNatural Language ProcessingMachine LearningArtificial Intelligence

Investors

CrvAccel

Description

Napkin, a Los Altos, CA-based provider of Visual AI for Business Storytelling, raised $10M in seed funding. The funds will be used to expand operations and further development of its AI-powered business storytelling platform.

Company Information

Company

Napkin

Location

Palo Alto, California, United States

About

Napkin empowers anyone to communicate their ideas visually. With Napkin, you can transform written content into customizable visuals that can be used across Google Docs, Slides, Canva, Slack, Word, PowerPoint, Email, Text, and more. Founded by Pramod Sharma and Jerome Scholler, the creators of AI gaming company Osmo, Napkin emerged from their frustration with lengthy documents and lackluster presentations despite making learning fun for millions of kids. Experiencing firsthand the power of compelling visuals, they founded Napkin to make it easy for anyone to level-up their business communication through compelling visual storytelling.

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

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Napkin raised $10M in seed funding led by Accel and CRV to expand operations and development efforts.

Investors

Description

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