Palette, a South Jordan, Utah-based B2B SaaS project management and workflow tool for artists and creative teams, has raised $150,000 in a pre-seed investment.
SaaS Investors
The round was led by Startup Ignition Ventures.
Founded in 2015, Startup Ignition Ventures is a venture capital firm that provides pre-seed investment for validated tech-focused business models. Based in Provo, Utah, the firm seeks to invest in software as a service, technology, software, B2B, internet, consumer products, mobile, augmented reality, and virtual reality sectors.
Palette Use of Funds
The company will use the funds to refine and expand its capabilities.
About Palette
Palette was founded by Do Park and Hunter Tinney, launched in September 2023, and has been applying lean startup techniques to validate its business model, product-market fit, and demand from B2B customers, including Angel Studios, one of its beta users. Palette aims to provide an all-in-one project management solution for content creators, combining the most important features from different software solutions into one platform and integrating AI tools for collaboration.
Funding Details
Company: Palette Tools Inc.
Raised: $150K
Round: Pre-Seed
Funding Month: December 2023
Lead Investors: Startup Ignition Ventures
Additional Investors:
Company Website: https://palette.tools/
Software Category: Project Management for Digital Artists
Source: https://www.techbuzz.news/palette-raises-pre-seed-investment-from-siv