Wondercraft, a London, UK-based AI audio startup, has raised $3 million in seed funding.
SaaS Investors
The round was led by Will Ventures, with participation from Y Combinator, ElevenLabs, and Steven Bartlett.
Founded in 2018, Will Ventures is an early-stage venture capital firm based in Boston, Massachusetts. The firm prefers to invest across the consumer, healthcare, and media markets.
Wondercraft Use of Funds
The company will use the funding to scale the Audio Studio for Creators platform and expand its features.
About Wondercraft
Founded in 2023 by Dimitris Nikolaou, Youssef Rizk, and Oskar Serrander, Wondercraft is an AI audio content platform. The platform allows users to create studio-quality audio productions by simply typing, catering to various needs such as podcasts, ads, audiobooks, meditations, and training materials. Wondercraft's tools include AI script assistants, professional music, video generation, and ultra-realistic AI voices to enhance the audio creation process. The platform also offers translation and dubbing into 15+ languages using a hybrid approach of AI and a team of language experts. Wondercraft has already gained traction, with over 30,000 creators using its technology, and it powers several major podcast titles, including Diary of A CEO and the CoinDesk podcasts network.
Funding Details
Company: Wondercraft, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: January 2024
Lead Investors: Will Ventures
Additional Investors: Y Combinator, ElevenLabs, and Steven Bartlett
Company Website: https://www.wondercraft.ai/
Software Category: AI Audio Content Platform
Source: https://www.wondercraft.ai/blog/wondercraft-launches-audio-studio