InterApp Raises $1.2 Million to Bring Mass Adoption of AR as a Necessary Consumer Utility Tool

logo_discript.png

Transform print with augmented reality

The venture capital landscape is rapidly changing, as VC firms become more bearish about investing only in a good idea and a pitch deck; startups now need to demonstrate proof of concept, minimal viability, traction, early product adoption and a growing user base to even consider filling out a VC intake web form.

InterApp Inc. has been satisfying these conditions for a while, with its self serve augmented reality platform, popular amongst artists, illustrators, digital artists, art directors and creatives alike for the past 3 years. The company has been positioning itself for rapid growth through strategic partnerships with major brands including Rap Snacks, SXSW and AfroTech, as well as being the leading advocate/authority on AR brand adoption for consumer engagement for over 4 years.

Marketing Technology News: Celebrus Solves Gap in Connecting Data Across Domains

The Sacramento, CA based company raised $1.2 million in pre-seed funding. The aim is to utilize the money to double down on early marketing efforts and acquire 10% of the Total Addressable Market (TAM) within 12 months. The all equity round was led by WP Capital Group, a private equity venture fund focused on emerging technologies for consumer engagement.

Will Brown, CEO and co-founder had this to say, “The InterApp team has been anticipating these funds. We are very eager to accelerate our growth, we strongly believe we have a product that will add value for brands and consumers will greatly enjoy using.”

Marketing Technology News: MarTech Interview With Vitaly Pecherskiy, COO and Co-founder at StackAdapt

buy modafinil where to buy modafinil
instant payday loans online guaranteed approval no denial payday loans direct lenders only