Total amount raised
$82.2 Millions
Latest funding date
11/01/2021
Location
Reprise has successfully raised multiple funding rounds, with the latest being a Series B round closed on November 9, 2021. The company is backed by 20 investors, including notable names like Phil Fernandez and ICONIQ Growth.
Keep reading to explore the intricacies of Reprise's fundraising journey and the investors supporting this innovative platform.
What Is Reprise?
Reprise, founded in 2020, is headquartered in Boston, Massachusetts. The company operates in the enterprise software and information technology sectors, focusing on providing interactive product demo software for sales and marketing teams.
Founded by Bryan Stevenson, Evan Powell, Joe Caprio, and Samuel Clemens, Reprise has grown to employ between 51 and 100 people. The platform allows users to create sales demos, product tours, and trial environments by capturing screens of the product using a browser, offering features like unlimited customization and effortless demo maintenance.
How Much Funding Has Reprise Raised?
- Seed Round
- Amount Raised: $3.2M
- Date: November 2020
- Lead Investors: Accomplice, Glasswing Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and gain initial traction.
- Series A
- Amount Raised: $17M
- Date: February 2021
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand market reach.
- Series B
- Amount Raised: $62M
- Date: November 2021
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the customer base and enhance the enterprise platform.
Total Amount Raised: $82.2M. Current Valuation: Not publicly disclosed.
Key Investors
- ICONIQ Growth
- Details: ICONIQ Growth is a growth equity firm that invests in technology companies. They focus on partnering with visionary entrepreneurs to build enduring businesses.
- Investment Focus Areas: Technology, software, enterprise solutions.
- Notable Investments: Not publicly disclosed.
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in seed to growth-stage startups. They are part of Bain Capital, a global private investment firm.
- Investment Focus Areas: Fintech, healthcare, enterprise software.
- Notable Investments: Not publicly disclosed.
- Accomplice VC
- Details: Accomplice VC is a venture capital firm that invests in early-stage technology companies. They have a strong focus on supporting founders from the earliest stages.
- Investment Focus Areas: Technology, cybersecurity, consumer products.
- Notable Investments: Not publicly disclosed.
- Glasswing Ventures
- Details: Glasswing Ventures is a venture capital firm focused on early-stage investments in AI and frontier technology companies. They aim to support the next generation of AI-driven startups.
- Investment Focus Areas: Artificial intelligence, machine learning, frontier technology.
- Notable Investments: Not publicly disclosed.
- Trevor Noah
- Details: Trevor Noah is a comedian and host of 'The Daily Show'. He is also an angel investor with interests in various sectors.
- Investment Focus Areas: Media, entertainment, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Reprise?
Reprise stands at the cusp of significant growth opportunities, driven by its recent $62 million Series B funding. The company aims to expand its customer base and deepen its enterprise platform, capitalizing on the increasing demand for interactive product demos and analytics in sales and marketing.
With a 900% year-over-year increase in annual recurring revenue and a 700% growth in team size, Reprise is well-positioned for future fundraising rounds. The involvement of high-profile investors suggests that additional funding could be on the horizon, enabling further expansion and technological advancements.
However, challenges remain. Maintaining rapid growth and scaling the platform to meet rising customer demands will be critical. Competition in the product demo space and ensuring user-friendliness for non-technical users are hurdles that Reprise must navigate to sustain its momentum.
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