Pitchy raises 40 million euros to expand in Europe and invest in AI

Funding Rounds

▤ Summary

Pitchy raised €40 million in a Series B round after six years since its previous funding. The company plans to use much of the capital to strengthen R&D and add generative AI capabilities to its video software. It also wants to support external growth and expand further across Europe. The business says it generates between €10 million and €15 million in ARR and already acquired Kannelle in 2022. This raise signals continued investment in automated corporate video creation and market expansion.

$ Funding

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Amount $43.6M Total raised
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Date October 3, 2023 Announcement date
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Investors Isatis Capital, Entrepreneur Invest, SEVENTURE Partners Lead investors
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Company pitchy.fr Funded company

▥ Classifications

industries
No industries detected
applications
EduTech - learning

◇ AskAI Classifications

Labels
SaaS Video Editing Software Creative Tools

▦ Linked Companies