Authoritive Raises $5M in Seed Funding Led by Owl Ventures & GMG Ventures

Infinity Force Raises US $5.5M Seed Investment Led by Animoca Brands

New funding will help meet customer demand and drive growth

Authoritive Authoritive, a startup that builds customized learning experiences over messaging technology for experts and creators, announced today that it raised $5M in seed funding. The round was led by Owl Ventures, the largest edtech venture firm in the world, who will take a board seat, and included GMG Ventures.

Marketing Technology News: GigCapital4 and BigBear.ai Announce Shareholder Approval of Business Combination

This marks the first round of financing for Authoritive which was launched in 2019 by veteran literary manager Christy Fletcher who has worked with wide array of notable authors, Jacob Lewis who served as an executive at Conde Nast and founded his own content startup that was sold to Penguin Random House, and Gene Cohen, a technical founder with an extensive background in AI and messaging startups including Seated and VoodooVox.

Authoritive allows creators to adapt their expertise to virtually coach people over messaging platforms including SMS, iMessage, WhatsApp, Slack, and MS Teams. Combining audio, short video and text based instruction, participants engage with interactive content directly on their phone, or through their company messaging platform. This new kind of learning experience, which combines learning design and push technology, facilitates two-way communication and personalized learning for individuals and teams.

“I spent years helping creators try to build sustainable business models that supported their entrepreneurial drive, but still left them with time to create,” said Co-Founder, Christy Fletcher. “I realized there was a huge opportunity to use technology to help them reach their full potential, both in impact and revenue, while still offering their audiences the opportunity to learn directly from them.”

Marketing Technology News: GigCapital4 and BigBear.ai Announce Shareholder Approval of Business Combination

Authoritive’s customers reflect a wide range of consumer-focused and enterprise content—from personal development and investing, food writing and cooking, to business thought leadership and consulting, as well as leaders in the faith space. Current collaborators include Gretchen RubinDenise HamiltonMark BittmanSusan CainDanielle TownClaire Shipman & Katty KayTim Tebow, consulting firm Innosight, among others

Jennifer Aaker and Naomi Bagdonas, who co-teach a course on humor at Stanford’s Graduate School of Business and co-authored a bestselling book called Humor Seriously say, “Christy and the team at Authoritive really understand the needs of creators and in working with them, we’ve been able to reach a new audience and scale in ways we could not have imagined. Seriously.”

“Authoritive’s platform brings together snackable and engaging content that offers convenience, personalization, and interactivity,” adds Amit A. Patel, Managing Director at Owl Ventures. “The benefits of message-based learning have long been understood, but it has been difficult for experts and creators to take advantage of this medium. Authoritive finally makes it possible for experts/creators to easily build this type of content and make message based learning a reality for a global audience.”

Marketing Technology News: Adapex Parent Company DATRIX Now Listed on Euronext Growth Milan

Picture of PRNewswire

PRNewswire

PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

You Might Also Like