Subject: VEN
Voiceflow Closes $3.5 Million Seed Funding Round Led by True Ventures
TORONTO, April 23, 2019 /PRNewswire/ -- Voiceflow, a design and development platform for voice apps, today announced it has raised a $3 million seed funding round led by True Ventures. The company, which has raised $3.5 million over the past five months, will use the funds to scale its platform and user base.
Teams can use Voiceflow's drag-and-drop interface to easily design, prototype, and publish voice apps for Amazon Alexa and Google Assistant, without writing any code. The platform features third-party integrations and custom API connectivity, making integration as simple as it is to create the voice apps themselves. Voiceflow is free for individuals and small teams, with paid monthly plans for businesses.
"With Amazon Alexa and Google Assistant enabled devices in nearly half of U.S. households, every modern business will need a well-designed conversational interface to be discoverable by voice," said Braden Ream, Voiceflow CEO and co-founder. "Voiceflow is here to make that process easy."
The number of voice apps on Alexa alone has doubled over the past quarter from 40,000 to 80,000, a trend that's expected to continue. In the U.S., smart speaker adoption hit 41 percent this past quarter and is expected to reach 75 percent within 18 months. There are already 2.5 billion voice assistant-enabled devices.
"Voice is already a major development tool in the next revolution of the web," said Tony Conrad, partner at True Ventures. "Every company should be thinking about voice-activated navigation and voice apps that enable conversational discovery. Voiceflow's intuitive development tool for creating voice apps without coding skills is bridging us to this future. We're thrilled to partner with the Voiceflow founders and their team."
Other notable investors in the round include ProductHunt founder Ryan Hoover, Eventbrite founders Julia and Kevin Hartz, InVision founder Clark Valberg, Webflow founder Vlad Magdalin, and Fancy founder Jack Einhorn.
About Voiceflow
Voiceflow's voice app design and development platform helps teams design, prototype, and build voice apps collaboratively, without coding, for Amazon Alexa and Google Assistant. Voiceflow was founded in June of 2018 by Braden Ream, Tyler Han, Michael Hood, and Andrew Lawrence. The Voiceflow team has made it their mission to help people design better conversations through a collaborative platform focused on voice interfaces. For more info, visit Voiceflow.com.
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $2 billion under management, True provides seed and Series A funding to the most talented entrepreneurs in today's fastest growing markets. To date, True has helped more than 250 companies launch and scale their businesses, creating over 10,000 jobs worldwide. The firm was awarded 2018 Venture Firm of the Year by the National Venture Capital Association. To learn more about True Ventures, visit www.trueventures.com.
Media Contact: Nicole Daley, 415.408.8664, [email protected]
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