The U.S based content community platform, Commaful has announced that “It has raised an undisclosed amount in series seed round funding led by an early-stage investor, We Founder Circle.”
The seed round also saw participation from NK Securities and other angel investors including Hitesh Dhawan (Founder, Neuronimbus), Gaurav Juneja (CEO, Ruchi Twisters), and from Siddharth Shah (Managing Director, Rajesh Motors).
“Commaful plans to utilize the funds to build, maintain and scale the technology infrastructure that creates a better experience for the community,” the statement said.
“The startup will also focus on activities related to scaling operations, building the brand, and creating a community with creative campaigns,” it added.
Speaking on the funding, Neeraj Tyagi, Co-Founder & CEO, We Founder Circle said, “Community Building has been a key driver for any industry business growth. Considering how digitization has taken place in the last decade, content has played a vital role. Building a community in content with innovation will give more avenues to the people to share stories to inspire the community.”
“We can unlock the Stan Lee’s, JK Rowling’s, Dr. Seuss’s of this generation and allow them to build their audience via such platforms. Being a community first approach investment platform, We Founder Circle is glad to be supporting the startup and can see its growth trajectory already,” Tyagi added.
Commenting on the fundraise, Sydney Liu, Co-Founder of Commaful stated “Storytelling is a deeply human experience as old as humankind. Commaful today already has a global audience and we’ve been amazed by the incredible stories that have been shared by Indian creators. We are excited to bring on value-add investors from around the world to help support our mission.”
“Global platforms like Commaful have great potential as it aggregates content of every format and hence has great appeal for the young creative audience. Moving forward We Founder Circle is committed to investing in content-focused startups,” Bhawna Bhatnagar, Co-Founder of We Founder Circle added.