Ukrainian startup Zeely, which develops an AI application for the development of small and medium-sized businesses, has attracted $1 million investment.
Team is planning to use the investment to improve the integration of TikTok with payment systems.
Zeely is a mobile application with artificial intelligence to increase sales of small and medium-sized businesses. The team is partnered with Google for Startups and entered the top 3 charts at Slush 2022, beating 1,200 + teams, — TechCrunch reports.
The application can create a web store on a mobile phone, and also allows the company to promote itself on social networks. The AI-driven platform can automatically generate text and visual content for web stores and advertising materials, as well as analytics and customer management tools.
Zeely team is planning to use the investment to improve the integration of TikTok with payment systems, as well as to expand the capabilities of AI technologies in the application. Zeely claims that this year they will reach an ARR (annual regular income) of $3 million
Among the investors:
- Vesna.Capital, which was launched in June 2022 by the founder of Novaya Poshta Volodymyr Perepereshnyuk and Vyacheslav Klimov and the founder of the Fedoriv marketing agency Andriy Fedoriv
- Angel One is a $1.5 million angel venture fund created by the UCU Foundation and launched last October
- ZAS Ventures, which invested $120,000 in Zeely, as Zinchuk told AIN.UA earlier
Read more about Ukrainian IT: Web Summit Rio 2023: Ukrainian Startups representation