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