Strategic investor GoDaddy led a $ 50 million Series C funding round for Israeli branding and logo design firm Tailor Brands.
In addition to the web hosting giant, Israeli investment firm OurCrowd also participated in the round with existing investors from Tailor Brand Pitango Growth, Mangrove Capital Partners, Armat Group, Disruptive VC and serial entrepreneur Richard Rosenblatt according to a new report from No camels.
Founded in 2015, Tailor Brands was created to help streamline the branding process and business setup for entrepreneurs looking to start and grow their business. The company’s platform even guides them through the process of designing a logo, building a website, creating social media content, and printing merchandise.
From logo creator to software platform
As the global appetite for website building and the rapid growth of small businesses reached new heights during the pandemic, Tailor Brands decided to go beyond the simple offer of a logo maker powered by the ‘IA.
Today, the company has built a software platform that provides small businesses and freelancers with the tools to launch their businesses and improve their branding. Tailor Brands now helps more than 700,000 new businesses launch each month with triple-digit annual growth.
Tailor Brands plans to use funds from its Series C fundraising cycle to expand its platform with a wider range of capabilities to better help small businesses.
One of the company’s co-founders and now CEO Yali Saar explained in a statement how the growth of small businesses during the pandemic led it to expand its services, saying:
“Once we started to really follow the explosive growth of small businesses in the aftermath of Covid, we knew that Tailor Brands could deliver real value to these business owners in fun and engaging ways by removing many of the related barriers. establishment and marketing. a new business, including consolidating all necessary services in one place, freeing up valuable time for business owners to focus on other important aspects of growing their business.
Via no camels