Lex, a Los Angeles, CA-based AI-powered writing tool that can help writers streamline their writing process, secured $2.75 million in seed funding.
SaaS Investors
The round was led by True Ventures, an early-stage venture capital firm founded in 2005 and is headquartered in San Francisco, California. True Ventures invests in early-stage technology companies. The firm prefers to invest in the education, consumer devices, infrastructure, media, mobile, and software sectors.
Lex Seed Funding
The funding will support the further development of Lex's AI-powered word processor and expand its capabilities.
About Lex
Founded by Nathan Baschez, Lex is a technology company that developed an AI-powered word processor aimed at providing writers with a range of tools to enhance their writing process. Lex AI-powered processor gives writers access to copy editing, writing advice, brainstorming, and more.
Funding Details
Company: Lex
Raised: $2.75M
Round: Seed Round
Funding Month: August 2023
Lead Investors: True Ventures
Additional Investors:
Company Website: https://lex.page/
Software Category: AI Writing
Source: https://www.prnewswire.com/news-releases/ai-writing-tool-lex-raises-2-75-million-seed-round-led-by-true-ventures-301908223.html