Ramdam, a Paris, France-based AI-powered platform redefining user-generated content (UGC) production for advertisers, has secured $3.15 million in seed funding.
Investors
The round was led by The Moon Venture, Paris Region Venture Fund, and Data Tech Fund, with support from BPI (Banque Publique d’Investissement).
The Moon Venture is an angel network based in Rennes, France, specializing in early-stage capital and mentorship for innovative tech and digital startups. They support entrepreneurs by connecting them with experienced professionals, offering advice, and leveraging their extensive network. Additionally, they provide workshops and seminars to equip startups with essential knowledge and skills for success.
Paris Region Venture Fund, founded in 2011, is an equity or quasi-equity co-investment scheme designed to finance young innovative SMEs in the Paris region. The firm makes equity investments in small and medium-sized enterprises that have their headquarters or an establishment located in the Île-de-France region.
Data Tech Fund is an early-stage fund that backs founders who leverage proprietary data and AI to build zero-to-one companies. Founded in 2021, Data Tech Fund is based in San Diego, California.
Ramdam Use of Funds
The funding will enhance Ramdam’s technology and facilitate its expansion in the U.S. and Europe.
About Ramdam
Founded in early 2023 by Xavier de Baillenx, Emmanuel Lemoine, and Benjamin Combes, Ramdam provides an AI-powered creator ad platform that streamlines user-generated content (UGC) production for brands, connecting advertisers with the right creators to deliver high-performing ads and eliminate guesswork. The platform leverages AI to match brands with micro-influencers, driving improved campaign performance. Ramdam operates in over 50 countries with a network of 50,000 creators, producing 1,000 video ads monthly.
Funding Details
Company: Ramdam
Raised: $3.15M
Round: Seed Round
Funding Date: October 2024
Lead Investors: The Moon Venture, Paris Region Venture Fund, Data Tech Fund
Additional Investors: BPI (Banque Publique d’Investissement)
Company Website: https://www.ramd.am/
Software Category: AI Creator Ads
Source: https://www.businesswire.com/news/home/20241022438011/en/