Rivet, a Boston, MA-based artificial-intelligence-powered audience management platform, landed $500,000 in pre-seed funding led by Drive Capital, a venture firm that backs startups across the Midwest.
Rivet's customer relationship management platform helps artists and creators better identify and grow their fanbases.
The company is on a mission to build the easiest fan engagement tool. Using artificial intelligence, Rivet generates tools and recommendations that make fan engagement mindlessly easy.
Now with more than 1,400 active creators and musicians, including some who have built communities of as many as 8,000 fans, Rivet plans to launch its beta in the summer with a goal of getting to 20,000 active creators by the end of the year.
Typical Rivet users are mid-size artists, typically musicians, that have audiences of 10,000 to 400,000 people.
Company: Rivet Electric Works, Inc.
Raised: $.50K
Round: pre-Seed Round
Funding Month: February 2023
Lead Investors: Drive Capital
Additional Investors:
Company Website: https://www.rivet.app/
Software Category: Community Management Platform
About the Company: Founded by Anj Fayemi, Simran Pabla, and Nafim Rahman, Rivet is an AI startup that developed a community management platform. It enables artists and creators to engage, reward, and sell exclusively to their top fans via powerful yet intuitive analytics and publishing and direct engagement features, all in one platform. The company's technology provides reliable metrics to content makers to develop, expand and monetize their fanbase by streamlining the fan funnel process, also allows artists to nurture and build lasting meaningful relationships with their superfans, enabling creators to identify, engage, reward, and sell exclusively to their top fans via powerful yet intuitive analytics, publishing, and direct engagement features, all in one platform.
Source: https://www.bizjournals.com/chicago/inno/stories/news/2023/02/21/new-investment-draws-boston-ai-startup-to-chicago.html