Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures

18 Mar, 2021

Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
Photo by Wes Hicks on Unsplash

– Copy.ai, a startup building AI-powered copywriting tools for business customers, announced a $2.9m funding.
– The investment was led by Craft Ventures and joined by smaller checks from Li Jin’s newly-formed Atelier Ventures, and Sequoia.
– The startup is notable for a few reasons. First for its model of building in public. I initially heard of the company through its monthly updates that it posts on Twitter. Thanks to that, I can tell you that Copy.ai generated monthly recurring revenue (MRR) of $53,600. That figure, up 46% from January, works out to annual recurring revenue (ARR) of $643,200.

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