Customer acquisition, lifetime value, and customer attrition (churn) are some of the main metrics that need to be managed closely for any growing business. Churn is one of the critical metrics that closely impacts the others from lifetime value, growth rate, virality, and CAC payback. In fact, 80% of a company’s revenue comes from existing customers. A small increase in retention can have an oversized impact on profitability. Involve.ai is a customer intelligence platform that leverages a company’s existing data points to build detailed profiles to determine which customers are most likely to churn, allowing teams to triage the relationship before it’s too late. Customer success teams are often manually going through disparate records across internal and external tools to do this work, neglecting revenue enhancement opportunities; Involve’s platform automates this laborious process with AI with a reported 94% accuracy in predicting churn. The business is born from an internal tool built at the founding team’s previous startup; the team recognized that this tool had widespread adaptability as a stand-alone product. LA TechWatch caught up with Involve.ai CEO Gaurav Bhattacharya to learn more about the Aha moment, the company’s strategic plans, recent round of funding from investors that include Sapphire Ventures, Bonfire Ventures, Greycroft, Launch Capital, BDMI, GTM Fund, Fenwick, Gokul Rajaram, Stanford University, and Michael Whitmire.
Bonfire Ventures
The Weekly Notable Startup Funding Report: 8/30/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 8/28/21 featuring funding details for Kintsugi, NoRedInk, Aumni, and nineteen other rounds that you need to know about.
The LA TechWatch Startup Daily Funding Report: 8/25/2021
$60M+ in new funding. The latest venture capital, seed, pre-seed, and angel deals for LA startups for 8/25/2021 featuring funding details for Coco, Involve.ai, and much more.
The Weekly Notable Startup Funding Report: 4/19/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/19/21 featuring funding details for Degreed, EcoCart, and twenty-two other rounds that you must know about.
The Weekly Notable Startup Funding Report: 4/5/21
The notable startup funding rounds for the week ending 4/3/21 featuring funding details for Stord, Holler, and twenty-five other rounds that you must know about.
Boulevard Raises Another $27M for its Spa and Salon Management Platform
Boulevard is a spa and salon management platform designed specifically to address the needs of the industry. The platform’s functionality is robust and allows facilities to manage all facets of their operations, ranging from bookings, marketing, payment, and reporting.
LA TechWatch caught up with Cofounder & CEO Matt Danna to learn more about the company’s future plans, experience working with partners during the pandemic, and latest funding round from investors that that include Index Ventures, Toba Capital, VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup.
The 6 Largest LA Tech Startup Funding Rounds of November 2020
LA Tech Week in Review: 11/22/20-11/28/20
The Weekly Notable Startup Funding Report: 11/30/20
The notable startup fundings for the week ending 11/28/20 featuring funding details for Hippo Insurance, Superpeer, and eight other rounds you must know about.
The Weekly Notable Startup Funding Report: 11/23/20
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 11/21/20 featuring funding details forMycoWorks, AliveCor, Strava and twenty-two other rounds you must know about.
