The first actual suite of expert email services, Titan has introduced the raising of $30 million in its series A round of funding. This investment has valued Titan up to $300 million, in line with Titan SMBS series 300m. This series can also be called the Titan SMBS series 300M.
The funding was given by the main investor Automattic Inc. Some other investors also participated in this funding and those are Lee Fixel, Josh Reeves, Kevin Hartz, Ashton Kutcher, South Park Commons, Guy Oseary, Scribble VC, Y Combinator, BoxGroup, and Mike Krieger( the founder of Instagram).
The purpose of raising this fund as claimed by Titan is, to strengthen and widen its product offering to give extra value to its existing and expected clients.
Titan’s Founder Bhavin Turakhia’s Statement on Titan’s 30m Funding
Bhavin Turakhia, the founder and Chief executive officer of Titan had said on a call that, over 15 years ago, when Gmail was introduced, the email got a significant boost, but since then, there is no talks and thoughts on renovating and re-imagining the email for millions of business accounts. For those small business owners, who are just on their way to setting up their digital operations, Titan wants to redesign professional email.
General Catalyst’s Katherine Boyle will even emerge as a part of the company’s Board of Directors after this round of funding. To grow more potent ties with the customers, Titan was created. This platform helps different businesses to do their workflows in a streamlined way and it also enhances and contextualizes discussions.
Titan is a professional email service that can be accessed through the web, iOS, or Android and also by Titan’s official website. Turakhia also said that his frustration had inspired the Titan. He added that he frequently uses email. He observes that email still accounts for a large group of corporate communications.
About Titan
Titan Enterprise was founded in 2018 by Bhavin Turakhia, who is also famous for his other discoveries like Codechef, Zeta, Radix, and Flock. He is a serial entrepreneur. Its head office is located in Bengaluru, India.
The characteristics of Titan are specially made to improve the connection of companies with their clients. This makes it easy for the company to be up to date with the needs of their clients and customers by using the follow-up reminder which is the feature of Titan email.
The other very useful and time-saving feature of Titan that eliminates the need to start from the beginning while sending new emails and repeating responses is the email template feature. Calendar service and timed emails are some of the very used and important characteristics of email.
Additionally, it is an important apparatus connecting nearly four hundred million minor websites online all over the globe, forty million new ones appearing yearly, and around 1.5B business accounts.
Although having tougher competition in the market, Titan managed to stand out because it was with keeping the corporate needs in mind.
About The Head Investor Automattic
Automattic Inc. is a California-based company with its head office in San Francisco, US. It was founded in 2005 by Matt Mullenweg.
It is a globally distributed company whose 1600 plus employees are working from 86 different countries. It is most notable for WordPress.com, Jetpack, WooCommerce, and WordPress VIP.
Its mission is to democratize the public and e-commerce. Building the web as a better place is the main goal of Automattic.
The CEO and founder of Automattic, Matt Mullenweg said, “We are thrilled and enthusiastic after making our largest strategic funding to date in Titan, and we are working to amalgamate it deeply on WordPress.com as a tool to assist customers to make a professional brand online”. $12.5M series A round financing for Titan was led by General Catalyst. It is a technology company based in New York.
Titan’s Aims Behind 30m Investment Round
Titan aims After a $30 million fundraising, the valuation of the company is valued at $300M to strengthen and widen its product offering to give extra value to its existing and expected clients as per Titan 30M series 300M Automattic raibloomberg.
Their main investor Automattic Inc., is highly delighted to make this investment. Other investors Lee Fixel, Josh Reeves, Kevin Hartz, Ashton Kutcher, South Park Commons, Guy Oseary, Scribble VC, Y Combinator, BoxGroup, and Mike Krieger are also completely equipped for future processing. They are going to give professional email a renovating image.
FAQs
Ans. Automattic, Lee Fixel, Josh Reeves, Kevin Hartz, Ashton Kutcher, South Park Commons, Guy Oseary, Scribble VC, Y Combinator, BoxGroup, and Mike Krieger.
Ans. Bhavin Turakhia
Ans. Matt Mullenweg.
Ans. In 2018.
Ans. $300M.
