Emerging Vision Singapore-headquartered online spiritual wellness startup, raised $4 million in Series A funding round led by Lightspeed.
The company will use the funds raised to enhance its live-streaming technology and AI-powered online spiritual platforms and scale its operations across new and existing markets
Company: Emerging Vision Technology Pte. Ltd
Raised: $4.0M
Round: Series A
Funding Month: September 2021
Leading Investors: Lightspeed
Additional Investors:
Company Website: https://www.teller.zone/
Software Category: AI-powered online spiritual platforms
About the Company: Founded in 2019, Emerging Vision offers a holistic platform for these consumers, striking a fine balance between spiritual wellness and its accessibility. The company artificial intelligence (AI)-driven selecting mechanism acts as incentives for astrologers to provide excellent services, which ensures the quality consistency in users' experience. EV's live-streaming technology also empowers astrologers with standardized services that enhance their capabilities. Within 18 months of its Android launch and three months of its iOS launch, Emerging Vision had a $6 million annualized revenue run rate, growing at 500 percent year on year. The platform currently has 180,000 consultations per month with around 30 percent of new users returning to consult the app again in the following month, leading to a peak recharge rate of 10 percent among daily active users.
Source: https://www.entrepreneur.com/article/386676