How Much Did Warmly Raise? Funding & Key Investors

Warmly has successfully raised funds across six rounds, with the latest being a Series A round. The company is backed by 15 investors, including notable names like NFX and Felicis.

Warmly's platform leverages AI to identify and engage potential customers based on real-time intent signals, enhancing sales and marketing efficiency. Keep reading to explore the intricacies of Warmly's fundraising journey and the investors backing this innovative platform.

What Is Warmly?

Warmly is an autonomous revenue orchestration platform designed for SMB-sized revenue teams. The company operates in multiple industry categories, including Developer Platform, Information Services, Information Technology, SaaS, Sales, and Software. It is located in Houston, Texas, United States, and has a workforce of 11-50 employees.

Warmly leverages AI to identify and engage potential customers based on real-time intent signals. The platform includes various AI agents that monitor buying signals, facilitate lead engagement, automate follow-ups, and enhance sales processes. This comprehensive solution integrates with multiple data sources and workflow tools, making it a valuable asset for sales and marketing teams.

How Much Funding Has Warmly Raised?

1. Pre-Seed Round
   • Amount Raised: USD 120,000
   • Date: January 2020
   • Lead Investors: Techstars
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their AI-powered sales platform.
2. Seed Round
   • Amount Raised: USD 2,100,000
   • Date: August 2020
   • Lead Investors: NFX
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development.
3. Seed Round
   • Amount Raised: USD 2,400,000
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further enhance the platform and scale operations.
4. Series Unknown
   • Amount Raised: USD 275,000
   • Date: August 2021
   • Lead Investors: Techstars, Zoom
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To integrate new features and improve AI capabilities.
5. Series A
   • Amount Raised: USD 11,000,000
   • Date: October 2023
   • Lead Investors: Felicis
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance AI-driven functionalities.
6. Series A Extension
   • Amount Raised: USD 6,000,000
   • Date: February 2025
   • Lead Investors: RTP Global
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To double the sales and marketing team and enhance the platform with new features.

Total Amount Raised: USD 21,895,000. Current Valuation: Not publicly disclosed.

Key Investors

• NFX
  • Details: NFX is a venture capital firm that focuses on early-stage investments. James Currier from NFX is listed as a partner involved in Warmly's Series A funding round.
  • Investment Focus Areas: SaaS, marketplaces, network effects.
  • Notable Investments: Warmly, Lyft, DoorDash.
• Felicis
  • Details: Felicis is a venture capital firm that invests in early-stage companies. They are one of the most recent investors in Warmly.
  • Investment Focus Areas: Consumer, enterprise, health tech.
  • Notable Investments: Warmly, Shopify, Plaid.
• RTP Global
  • Details: RTP Global is a venture capital firm with offices in Europe. Orson Stadler is a Principal at RTP Global.
  • Investment Focus Areas: Technology, AI, SaaS.
  • Notable Investments: Warmly, Delivery Hero, Cred.
• Techstars
  • Details: Techstars is a global network that helps entrepreneurs succeed. They were a lead investor in Warmly's pre-seed round.
  • Investment Focus Areas: Technology, startups, innovation.
  • Notable Investments: Warmly, SendGrid, Sphero.
• Zoom
  • Details: Zoom is a leading video communications platform. They are one of the major investors in Warmly.
  • Investment Focus Areas: Communication, technology, SaaS.
  • Notable Investments: Warmly, Coda, Loom.

What's Next for Warmly?

Warmly is poised to capitalize on significant opportunities, particularly in the European market. With $6 million in Series A+ funding, the company plans to double its sales and marketing team and enhance its AI-powered platform. This expansion aims to triple its Annual Recurring Revenue (ARR) to $3 million, reflecting the growing demand for automated sales solutions among SMBs.

Future fundraising opportunities appear promising as Warmly continues to grow its customer base and enhance its platform. The company's focus on data quality and AI integration positions it well for further investment. However, challenges such as competition and maintaining customer satisfaction could impact its rapid growth trajectory.

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