Ayora Secures $1.6 Million in Pre-Seed Round

by Kay Aloha Villamor in April 1st, 2024

Ayora, a London, UK-based company that provides a revenue management platform, has secured $1.6 million in pre-seed funding.   


The round was led by J12, with participation from Twin Path Ventures and a group of prominent angel investors, including industry veterans Farah Ballands, Roger Siddle, and Abhijat Saraswat.   

Founded in 2019, J12 Ventures is a venture capital firm based in Stockholm, Sweden, that invests in early-stage companies in the software, data, and technology sectors in the Nordics. The firm has additional offices in London, Helsinki, and Paris.  

Ayora Use of Funds  

With the new capital infusion, Ayora plans to accelerate its engineering recruitment efforts and commence commercial expansion, initially targeting the BigLaw market. The company aims to leverage its recent partnership with the major City law firm Mishcon de Reya as a springboard for market penetration and adoption.  

About Ayora  

Founded in 2022, Ayora offers an AI-powered platform that helps busy professionals improve revenue decision-making and streamline associated tasks. The company provides revenue management solutions for the legal sector. Its main product is an AI assistant that provides law firms with actionable insights and recommendations to optimize their financial performance, particularly in areas such as billing and collections. Its technology integrates with existing workflows, offering features like email and MS Teams notifications to facilitate decision-making and reduce administrative burdens for lawyers.  

Funding Details                    

Company: Ayora Technologies Limited   

Raised: $1.6M                                     

Round: Pre-Seed Round   

Funding Month: March 2024                                             

Lead Investors: J12   

Additional Investors: Twin Path Ventures, Farah Ballands, Roger Siddle, Abhijat Saraswat   

Company Website: https://www.ayora.ai/    

Software Category: Revenue Management    

Source: https://siliconvalleyjournals.com/ayora-raises-1-6m-pre-seed-to-revolutionize-revenue-decision-making-with-ai-platform/  


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