Handraise, an Austin, TX-based AI company poised to help brands dramatically increase the impact of their press coverage, raised $6.4 million in seed funding.
The round was led by Silverton Partners, with additional participation from Floodgate, Bill Wood Ventures, Firebrand VC, Aperiam Ventures, Active Capital, Sputnik ATX VC, Capital Factory, and a handful of angel investors.
Silverton Partners is an early-stage venture capital firm focused on funding and mentoring early-stage businesses led by founders who share in its commitment to disrupt growth markets and build enduring companies. The firm prefers to invests in companies operating in business software, consumer internet, cloud service, enterprise software, and other technology sectors based in the Texas region. Founded in 2006 and is headquartered in Austin, Texas.
Handraise Use of Funds
The funding will be used to develop the platform and help PR and communications professionals measure and amplify their business impact.
Founded in 2023 Matt Allison, Handraise is the AI PR platform that helps PR and communications professionals deliver business impact through insights and amplification. The platform leverages generative artificial intelligence to offer insights without manual effort, enabling users to focus on strategy and impact. Handraise's NewsAmp product publishes assets derived from press coverage to targeted audiences.
Company: Handraise, Inc.
Round: Seed Round
Funding Month: November 2023
Lead Investors: Silverton Partners
Additional Investors: Floodgate, Bill Wood Ventures, Firebrand VC, Aperiam Ventures, Active Capital, Sputnik ATX VC, Capital Factory
Company Website: https://www.handraise.com/
Software Category: AI PR Platform
Source: https://www.handraise.com/press , https://www.finsmes.com/2023/11/handraise-closes-6-4m-in-seed-funding.html