Letterhead, a Miami, FL-based platform that automates the creation and management of email newsletters, has closed a $5.3 million seed funding.
SaaS Investors
The round was led by Las Olas Venture Capital and Reign Ventures, with participation from BDMI, Florida Opportunity Fund, and McClatchy.
Las Olas Venture Capital (LOVC) is an early-stage venture capital firm that invests in B2B software companies in the Eastern United States. Founded in 2015 and is based in Fort Lauderdale, Florida.
Letterhead Use of Funds
The company will use the funds to further develop the software and expand the company's reach.
About Letterhead
Letterhead is software that automates the entire newsletter creation and management process. It software leverages AI to streamline newsletter creation, distribution, and monetization for publishers and marketing teams. The platform allows users to manage multiple newsletters with the workflow of one, improving efficiency and scalability. Letterhead integrates with a customer's existing content management system and email service provider, reducing switching costs.
Funding Details
Company: Letterhead, Inc.
Raised: $5.3M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Las Olas Venture Capital and Reign Ventures
Additional Investors: BDMI, Florida Opportunity Fund, and McClatchy
Company Website: https://letterhead.ai/
Software Category: Email Newsletter Software
Source: https://martechseries.com/content/letterhead-secures-5-3-million-in-seed-funding-for-newsletter-content-automation/