Durable, a Vancouver, BC, Canada-based AI-powered website builder and small business platform, has secured $14 million in Series A funding, bringing its total raised to 20 million.
SaaS Investors
The round was led by Spark Capital, with participation from existing investors Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital.
Founded in 2005, Spark Capital is a venture capital investment firm that invests in seed-stage, early-stage, growth-stage, and later-stage companies. Based in Boston, Massachusetts, the firm seeks to invest in business products, business services, consumer products, consumer services, financial services, information technology, SaaS, and fintech sectors in the United States.
Durable Use of Funds
The funding will be used to accelerate the development of the Durable product roadmap, enhance AI capabilities, and expand the company's team.
About Durable
Durable is an AI website builder and business platform for entrepreneurs to start, build, and grow. In just a year, Durable has built over six million websites and over a million businesses building on the platform today across over 100 countries. Durable is on a mission to make owning a business than having a job by leveraging AI tools.
Funding Details
Company: Durable, Inc.
Raised: $14.0M
Round: Series A
Funding Month: December 2023
Lead Investors: Spark Capital
Additional Investors: Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital
Company Website: https://durable.co/
Software Category: AI Website Builder
Source: https://www.businesswire.com/news/home/20231212237815/en/