Munch, a Tel Aviv, Israel-based AI-powered automation platform for social media, has successfully raised $7.2 million in a seed funding round.
SaaS Investors
A* Capital led the round, with participation from Liquid2, Cardumen Capital, Remagine Ventures, and other pre-seed investors.
Founded in 2021, A* Capital is a venture capital firm investing in outlier founders building enduring technology companies. Headquartered in San Francisco, California, the firm seeks to invest in the technology sector.
Munch Use of Funds
The funds raised will be used to fuel company growth, expand market reach, and enhance the platform's capabilities for enterprise users.
About Munch
Founded in 2021 by Oren Kandel and Peter Naftaliev, Munch is a cutting-edge automation platform to help businesses maximize their ROI on social media content. Munch's platform leverages AI to streamline the process of creating short-form videos from long-form content, catering to the increasing demand for engaging content on social media. The company empowers content professionals to seamlessly produce content that aligns with today's evolving media landscape. Its solution includes automatic editing, precise subtitle generation, and pre-scripted social media posts, supporting over 20 languages. Munch is headquartered in Tel Aviv, Israel.
Funding Details
Company: Munch Content Platform Ltd.
Raised: $7.2M
Round: Seed Round
Funding Month: November 2023
Lead Investors: A* Capital
Additional Investors: Liquid2, Cardumen Capital, Remagine Ventures
Company Website: https://www.getmunch.com/
Software Category: Social Media Automation Platform
Source: https://www.prnewswire.com/il/news-releases/ai-powered-automation-startup-for-social-media-munch-raises-7-2m-in-seed-funding-led-by-a-capital-301993626.html