Syllaby
About this raise
Syllaby, with a valuation of $9 million, is raising funds on Wefunder. The company has developed an AI-based, fully automated platform for social media marketing. Syllaby has developed its own proprietary AI avatar technology, Real Clones, and helps users find the top questions the customers are searching for online. The platform has an opted-in email list of over 150,000 and projects to reach over 23,000 new customers in twelve months. Austin Armstrong, Ehsan Gharadjedaghi, and Anand Butani founded Syllaby in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for staff hiring, paid advertising, influencer marketing, payroll, and acquiring relevant companies for technology advantages.
Investment Overview
Invested : $89,115
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/15/2024
- Close Date
- 08/31/2024
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$9,000,000
10%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Marketing & Advertising
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$603,724
as of FY2023
- Monthly Burn
-
$7,000
as of FY2023
-
Cash on Hand
-
$53,058
as of FY2023
- Gross Margin
-
82%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $75,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/31/2024 | Wefunder | $9,000,000 | $89,115 | SAFE | Funded | RegCF |