Instoried, a Los Angeles, CA-based user-friendly, intuitive web platform designed to help people craft empathetic and more effective written content, announced that it closed $10 million in a Series A funding round.
Instoried is also pleased to announce that it has signed an agreement ("Agreement") with the Global Emerging Markets Group (“GEM”), an alternative investment group with operations in Paris, New York, and the Bahamas.
The Series A funding round was led by Pritt Investment Partners and 9 Unicorns, with participation from Mumbai Angels, SOSV, Venture Catalysts Angel Fund, and others.
Instoried plans to use the infusion of capital to expand its global marketing efforts, primarily in the United States, and invest in its technology to add a Google Chrome extension, a WordPress plug-in, and other elements to its product portfolio.
Additionally, the team has aggressive plans to grow its executive team and presence to double down on its mission to help writers, marketing agencies, students, professionals, and more to use Instoried to write more empathetic, original, and lively content.
Company: Instoried Pvt Ltd.
Raised: $10.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Pritt Investment Partners and 9 Unicorns
Additional Investors: Mumbai Angels, SOSV, and Venture Catalysts Angel Fund
Company Website: https://instoried.com/
Software Category: AI Content Writing Tool
About the Company: Instoried a startup that aims at driving content engagement to get more clicks, committed to helping the people of the world communicate with empathy through the written word. Utilizing 30 million data points, Instoried’s web-based, AI-powered platform gives content creators the ability to make their copy empathetic, crisp, and more impactful in a collaborative real-time environment. Instoried’s user-friendly, intuitive interface provides instant feedback and can check and correct the usual spelling and grammar suspects, as well as ensure originality through plagiarism detection. Instoried has created the only editor writers will ever need to help deliver copy that better connects with target audiences because it strikes the right tone and conveys the proper emotions.
Source: https://www.businesswire.com/news/home/20220407005376/en/Instoried-Closes-10M-Series-A-Funding-Round-Secures-200M-Commitment-From-Global-Emerging-Markets-Group