Dreamwell AI, a Toronto, Canada-based startup focused on automating influencer marketing, has raised $3.1 million CAD in pre-seed funding.
Investors
The round was led by billionaire investor Tim Draper (via Draper Associates), with participation from Panache Ventures and BDC Capital Seed Venture Fund.
Tim Draper is a prominent American venture capitalist and entrepreneur, known for founding Draper Associates, a seed-stage venture capital firm established in 1985. Draper Associates supports entrepreneurs in transforming industries with innovative technologies and building platforms for extraordinary growth, job creation, and wealth generation. In 2016, the firm raised a $190 million fund to invest in leading technology companies.
Dreamwell AI Use of Funds
The company will use the funding to accelerate product development and expand its team.
About Dreamwell AI
Founded in 2023 by Kazzy Khazaal and Anthony Bobsin, Dreamwell AI offers an influencer marketing automation platform. Its platform is designed to help brands streamline creator prospecting, campaign management, and performance tracking through AI-driven technology. The platform integrates with e-commerce systems to track critical metrics such as revenue, average order value (AOV), conversions, and clicks. Dreamwell AI serves clients in industries like consumer packaged goods (CPG) and technology.
Funding Details
Company: Dreamwell AI
Raised: CAD 3.1M
Round: Pre-Seed
Funding Date: October 2024
Lead Investor: Tim Draper (Draper Associates)
Additional Investors: Panache Ventures, BDC Capital Seed Venture Fund
Company Website: https://www.dreamwell.ai/
Software Category: Marketing
Source: https://www.prweb.com/releases/tim-draper-leads-3-1-million-cad-round-in-dreamwell-ai-influencer-automation-software-started-by-ex-influencer-kazzy-khazaal-302272695.html