Zuma, a San Francisco, California-based company that helps businesses convert leads into sales in minutes using text which adds artificial intelligence to sales engagement, raised $6.7 million in seed funding led by Andreessen Horowitz.
Joining Andreessen Horowitz in the investment was Y Combinator, Range Ventures, Liquid 2, Day One Ventures, Soma Capital, and a group of individual investors, including Apartment List co-founder Chris Erikson, former Y Combinator COO Qasar Younis, and Lambda School founder Austen Allred. The latest funding round gives Zuma a total of $7.2 million raised to date.
The new capital will go into new features, hiring, and expanding sales to capture the market. Zuma is also looking to implement its business model into other industries with sales teams, like healthcare, automotive, insurance, education, and fashion.
Company: Resident Boost Inc.
Raised: $6.7M
Round: Seed Round
Funding Month: November 2021
Lead Investors: Andreessen Horowitz
Additional Investors: Y Combinator, Range Ventures, Liquid 2, Day One Ventures, Soma Capital, Chris Erikson, Qasar Younis, and Austen Allred
Company Website: https://www.getzuma.com/
Software Category: SaaS and AI-driven lead scheduling software
About the Company: Co-founded by CEO Shiv Gettu, a former real estate consultant, and president Kendrick Bradley, a former Boeing and SpaceX engineer who left his job in 2018 to work at a property management company. They pivoted their company into a virtual leasing office using AI to automate the conversion process, which became Zuma. Zuma is a SaaS and AI-driven lead scheduling software for owners and rental managers. Featured include automated lead follow-up, automated lead qualification, lead scheduling, tour schedule, communication management, lead volume management, tour rescheduling, and more. Since January, the company has grown revenue by 10 times and is working with customers like Bungalow.com, which see an average conversion rate increase of 2.1 times in 30 days and 35 times return on investment while saving an average of 50% on sales staffing costs.
Source: https://techcrunch.com/2021/11/19/zuma-takes-in-fresh-capital-to-convert-your-next-apartment-tenant-lead-into-a-contract/