{"id":25385,"date":"2021-07-23T04:51:00","date_gmt":"2021-07-23T04:51:00","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/tailor-brands-raises-50m-aims-to-be-one-stop-shop-for-small-businesses-to-launch.html"},"modified":"2021-07-23T04:51:00","modified_gmt":"2021-07-23T04:51:00","slug":"tailor-brands-raises-50m-aims-to-be-one-stop-shop-for-small-businesses-to-launch","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/tailor-brands-raises-50m-aims-to-be-one-stop-shop-for-small-businesses-to-launch.html","title":{"rendered":"Tailor Brands raises $50M, aims to be one-stop shop for small businesses to launch"},"content":{"rendered":"

Tailor Brands<\/a>, a startup that automates parts of the branding and marketing process for small businesses, announced Thursday it has raised $50 million in Series C funding.<\/p>\n

GoDaddy led the round as a strategic partner and was joined by OurCrowd and existing investors Pitango Growth, Mangrove Capital Partners, Armat Group, Disruptive VC and Whip Media founder Richard Rosenblatt. Tailor Brands has now raised a total of $70 million since its inception in 2015.<\/p>\n

\u201cGoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online,\u201d said Andrew Morbitzer, vice president of corporate development at GoDaddy, in a written statement. \u201cWe are excited to invest in Tailor Brands \u2014 and its team \u2014 as we believe in their vision. Their platform truly helps entrepreneurs start their business quickly and easily with AI-powered logo design and branding services.\u201d<\/p>\n

When Tailor Brands, which launched at TechCrunch\u2019s Startup Battlefield in 2014<\/a>, raised its last round, a $15.5 million Series B<\/a>, in 2018, the company was focused on AI-driven logo creation.<\/p>\n

The company, headquartered in New York and Tel Aviv, is now compiling the components for a one-stop SaaS platform \u2014 providing the design, branding and marketing services a small business owner needs to launch and scale operations, and within minutes, Yali Saar, co-founder and CEO of Tailor Brands told TechCrunch.<\/p>\n

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Tailor Brands Aims To Bring Small Business Owners Affordable Access To Professional Design<\/a><\/p>\n<\/blockquote>\n

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Over the past year, more users are flocking to Tailor Brands; the company is onboarding some 700,000 new users per month for help in the earliest stages of setting up their business. In fact, the company saw a 27% increase in new business incorporations as the creator and gig economy gained traction in 2020, Saar said.<\/p>\n

In addition to the scores of new users, the company crossed 30 million businesses using the platform. At the end of 2019, Tailor Brands started monetizing its offerings and \u201cgrew at a staggering rate,\u201d Saar added. The company yielded triple-digit annual growth in revenue.<\/p>\n

To support that growth, the new funding will be used on RD, to double the team and create additional capabilities and functions. There may also be future acquisition opportunities on the table.<\/p>\n

Saar said Tailor Brands is at a point where it can begin leveraging the massive amount of data on small businesses it gathers to help them be proactive rather than reactive, turning the platform into a \u201cconsultant of sorts\u201d to guide customers through the next steps of their businesses.<\/p>\n

\u201cUsers are looking for us to provide them with everything, so we are starting to incorporate more products with the goal of creating an ecosystem, like WeChat, where you don\u2019t need to leave the platform at all to manage your business,\u201d Saar said.<\/p>\n

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Knowing when your startup should go all-in on business development<\/a><\/p>\n<\/blockquote>\n

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\u00a0<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/B9IG2SkKOCM\/<\/p>","protected":false},"excerpt":{"rendered":"

Tailor Brands, a startup that automates parts of the branding and marketing process for small businesses, announced Thursday it has raised $50 million in Series C funding. GoDaddy led the <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-25385","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t