Gizmo, a London, UK-based generative AI learning startup, has secured $3.5 million in seed funding.
SaaS Investors
The investment was from NFX, Ada Ventures, and Capital T.
NFX Capital is a venture capital firm based in San Fransisco, California. The firm seeks to invest in healthcare, information technology, gaming, web3, property technology, space, marketplaces, and fintech sectors across Latin America and Israel. Founded in 2015, the firm has additional offices in Herzliya, Israel, and Palo Alto, California.
Founded in 2018, Ada Ventures is a venture capital investment firm based in London, United Kingdom. The firm prefers investing in climate, economic empowerment, healthcare, and aging. The firm prefers to invest in technology companies based in the United Kingdom.
Capital T is a pre-seed stage VC that invests in seed-stage software technology companies. The firm seeks investments in ed-tech, climate tech, the future of work, and social tech. They invest in companies in the Netherlands, the United Kingdom, Sweden, Norway, Denmark, Finland, and Germany.
Gizmo Use of Funds
The funding will be used to scale its platform globally, hire more engineers, and introduce new features.
About Gizmo
Founded by Petros Christodoulou, Paul Evangelou, and Robin Jack Gizmo is a generative AI learning startup that uses gamified quizzes to engage learners. It generates quizzes from a user’s class notes, which can either be copied and pasted into the platform or the AI can pull out information from PDFs, PowerPoint presentations, web pages, or even a YouTube video. Gizmo is on a mission to help students remember everything they learn in a simple and fun way.
Funding Details
Company: Gizmo
Raised: $3.5M
Round: Seed Round
Funding Month: September 2023
Lead Investors: NFX, Ada Ventures, and Capital T
Additional Investors:
Company Website: https://gizmo.ai/
Software Category: AI-powered Social and Gamified Learning
Source: https://techcrunch.com/2023/09/21/ai-startup-gizmo-funding-gamified-quizzes-flashcards-make-learning-fun/