Voiceflow, a San Francisco-based tech startup aiming to revolutionize the conversation design tooling industry, has raised $20 million in a Series A funding round.
The funding round was led by Felicis Ventures and counted with participation from Craft Ventures, True Ventures, Cathy Pearl, Google, Operator’s Collective, Ripple Ventures, and Amazon, as well as several angel investors which included the CEOs of Figma, InVision, Webflow, Ada Support, Eventbrite, and ProductHunt.
Ripple Ventures, which was already an investor prior to the round, commented on the increasing success the startup has experienced since investing in it for the first time by stating:
“The company has come a long way since we first invested in them in 2018, and we are lucky to have the opportunity to continue to support them. In the last 12 months, the company has grown over 700% in ARR and has incredible enterprise customers including BMW, Home Depot, Google, US Bank, Mattel, Spotify, Ford, Motorola, and Amazon, among others. They’re powering over 300 million messages per year for customers and continue to see exponential growth.”
Ever since being founded, the startup has raised a total of $23 million in funding which has allowed it to pursue its mission to allow developers to build applications for Alexa, Google, IoT devices, in-car apps, and more. Graden Ream, CEO & Founder of Voiceflow, referred to the round by stating:
“This round is a massive win vote of confidence for conversation designers and their teams, even though it’s still early days for Voiceflow, our industry, and our customers. “I feel confident in saying we’ve built one of the best ways to design and prototype modern conversational experiences. Still, we have a long way to go to building the tool that conversation design teams deserve.”
At this time, the startup’s software is being used by over 75 thousand conversation designers, developers, and teams across the world, the result of constant improvements the team has implemented to its software to improve its efficiency, accessibility, and more.
The tech startup will use the funds raised in the Series A round to develop new products for modern conversational AI teams and expands its team by hiring for various roles across the company.