Wethos raises $3M to help meaningful brands adapt to fast-paced demands of digital

Wethos Founders

Wethos, the leading platform for rapid-response creative and marketing teams, announced today that it has successfully raised an oversubscribed round of $3 million in ninety days, led by NYC-based Laconia Capital and with the participation of Flybridge Capital, Loup Ventures, Higher Ground Labs, and other strategic investors. This latest round follows a year of substantial growth, in which the three-year-old company deployed over one hundred agile, on-demand teams and increased its revenue by five hundred percent.

The company’s tech-enabled “pop-up departments” leverage agile methodology to build brands, websites, digital content, awareness, and growth campaigns in real time based on each client’s unique needs. Recent leadership hires in sales, marketing, and customer experience will enable Wethos to keep up with the demand of its most popular teams, and expand into new verticals.

“As brands struggle to cut through the noise in a rapidly-evolving digital landscape, we need business and creative minds to come together at 100x the speed they do today,” said Wethos co-founder and CEO Rachel Renock. “Legacy operating systems put unnecessary obstacles in the way of brilliant and diverse people who are hungry to help accelerate progress.”

Unlike big agencies with siloed departments, expensive overhead, and opaque pricing, proprietary technology enables Wethos to rapidly scope complex work and curate teams based on each customer’s unique needs. With a growing database of over 4,000 U.S.-based specialists, Wethos pairs together vetted talent from the best brands in technology, politics,
fashion, education, and more.

“The best founders are compelling storytellers, and the most successful companies are the ones who can align a community of customers, partners and advocates around that brand story,” said Jesse Middleton, General Partner at Flybridge Capital and founding team member at WeWork. “The Wethos team has built a platform that offers this “super-power” to companies of all sizes, bringing unlimited, top-tier talent and execution to help solve pressing challenges around customer acquisition and movement building.”

Wethos is also leading the fight for a more ethical gig economy, with standards like guaranteed on-time payments, transparent pricing, and protection from retaliation.

“No matter your location, gender, race, or skill-set, people should be paid fairly for the value they deliver,” said Renock. “With a workforce that’s increasingly remote, flexible, diverse, and craving purpose, we believe treating talent the best will attract the best talent — period. By putting our community of specialists first, and allowing them to connect in real-time, we’re working toward a more distributed and collaborative future.”

Learn more about Wethos here

AI-based chatbot Niki.ai Raises Funding

Founded in May 2015 by IIT Kharagpur graduates Sachin Jaiswal, Keshav Prawasi, Shishir Modi, and Nitin Babel, Niki.ai is a vernacular conversational platform where users can simply talk to ‘Niki’ in order to pay their monthly bills, book bus or movie tickets, browse plans, prepaid recharges, find local deals and much more, while its personalisation helps one choose the option best suited for them.

Backed by Ratan Tata, Unilazer Ventures, and SAP.iO among other investors, with over 4.5 million users (80 percent of whom are living in Tier II, Tier III India), Niki.ai hit a GMV run rate of about $30 million and a revenue run rate of over $1 million in FY18. After adding Hindi language capabilities, it also witnessed 300x growth in Hindi GMV since October 2018, annualised at $40 million.

Read More…

Revuze Attracts Investment From the SAP.iO Fund

Revuze, the SaaS provider of the first self-service consumer product feedback analytics solution, announced today that the SAP.iO Fund made an investment in the company, as part of a funding round that included existing and new investors.  The SAP.iO Fund joins other well-known investors in Revuze, including Nielsen, NPD, TIC Group and Prytek.

The funding comes on the heels of fast international adoption of the Revuze solution across multiple industries and geographies, from China to US and Europe.

Revuze’s artificial intelligence solution is the first in the market to transform how brands consume customer experience (CX) insights. While other solutions are typically requiring experts and manual labor to deliver insights, while being limited to specific feedback channels like Social Media or Surveys, Revuze allows any role in the organization to gain deep insights from any data sources and without any manual labor or experts involved. With Revuze organizations distribute decision making, making better decisions, faster across the board.

Read More…

WeGift Closes £4 Million Investment as It Sets to Revolutionise Global Digital Rewards Industry

SAP.iO Fund and Unilever Ventures join Series A investment round as WeGift reports 500 per cent annual revenue growth. This investment round will help WeGift deliver on its vision of creating the world’s first real-time infrastructure for digital rewards and incentives. The funds will be used to further scale WeGift’s operations, as well as to support the company’s expansion to the US, and for further investment in its technology platform.

Read More…