New York and Tel Aviv-based AI branding startup Tailor Brands has raised $15. 5 million in Series B funding. Pitango Venture Capital Growth Fund and British Armat Group led the round with participation from Disruptive Technologies L.P and Mangrove Capital Partners.
NEW YORK, NY – May 9, 2018 – AI branding startup Tailor Brands announces today their $15.5M Series B funding round, bringing total investments in the company to $20.6M. The current round was led by Pitango Venture Capital Growth Fund and British Armat Group with participation from Disruptive Technologies L.P and Mangrove Capital Partners, both of whom led previous rounds for Tailor Brands. The new round of funding will be used to expand Tailor Brand’s global presence, introduce new languages on the platform, launch new tools as part of the company’s full branding subscription, and support in strategic new hires.
Co-founded by CEO Yali Saar, CTO Nadav Shatz, and CDO Tom Lahat, Tailor Brands is the world’s first automated branding agency using AI to create all aspects of branding such as logos and copy writing to automating social presence for businesses. Servicing over 5 million businesses across the world, Tailor Brands utilizes their technology to teach robots how to design, and aims to democratize the creative industry by ensuring every business has the opportunity to stand out.
Grew over 20x the amount of accounts created in the last year
Onboarding over half a million new businesses using the platform every month
Projections for amount of users:
2017: 3.86M businesses
2018: 12M businesses
Total number of brands created on system: 45M
“Good branding can be a barrier for small businesses and we are using AI to solve the issue and democratize creativity,” says Yali Saar, CEO of Tailor Brands. “From logo design, to social campaigns, our platform is providing fully automated top-tier creative services to small business owners for a price they can actually afford.”
“Small businesses are an important driver of the global economy,” says Aaron Mankovski, Managing Partner at Pitango Venture Capital. “In the digital era, branding of any business and especially small and medium businesses is critical – we are very happy to partner with Tailor Brands, the leading full-scale online branding services company.”
About Tailor Brands
Tailor Brands is the world’s first automated branding platform, offering a subscription based service to over 5,000,000 businesses worldwide. Tailor Brands is re-shaping the creative industry by teaching computers how to design, write copy and even plan strategy. Founded in September 2014 by Yali Saar, Tom Lahat and Nadav Shatz, the company has raised over $20M to date and has offices in both NYC and Tel-Aviv.