- Social media automation company FastForward.ai announced it raised $8 million in a seed round of funding
Social media automation company FastForward.ai announced it raised $8 million in a seed round of funding to date led by General Catalyst and Ulu Ventures along with Man Capital, Correlation Ventures, and Silicon Valley Bank venture debt.
This round of funding enables FastForward.ai to develop its platform and scale up operations to create digital engagement, commerce, and payments inside social media and messaging apps. And FastForward.ai’s platform allows mobile operators and consumer enterprises to acquire digital customers and upsell targeted offers at a fraction of the cost compared to traditional channels.
FastForward.ai is bringing mobile operators and enterprise customers into social media where mobile users spend over two hours a day. And last year, FastForward.ai proved its product-market fit, signing SaaS contracts with enterprise customers in 32 countries. Plus the firm will use success metrics from these customers to scale its sales operations.
Key Quotes:
“We believe by bringing a real-time digital experience, 1-click transactions and payments inside social media and messaging apps, FastForward.ai will revolutionize how mobile users transact digitally.”
– FastForward CEO Augie K Fabela II.
“We believe in entrepreneurs with big ideas that have scaled before. FastForward.ai is positioned to have a big impact in a 5.5 billion mobile customer global market.”
-Steve Herrod of General Catalyst and former CTO of VMWare.
“We were excited to invest early in FastForward.ai because it’s going after a huge global market with an impressive founding team. They have the necessary domain expertise, industry insights and relationships to succeed. We have a great track record of backing diverse, successful serial entrepreneurs in enterprise technology markets.”
-Miriam Rivera, former Deputy General Counsel at Google and Managing Director of Ulu Ventures
