SaaS-based Presentation Platform Chronicle Raises Seed Funding
ChronicleHQ Inc, which operates software-as-a-service (SaaS) presentation platform Chronicle, has raised seed funding of $7.5 million (around Rs 62.09 crore) co-led by Accel and Square Peg.
Undisclosed angel investors across Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe, among others, also participated in the funding round.
As per the startup, the freshly raised funds will be used for product development and hiring.
Chronicle | Modern Format Of Presentations
Founded by IIT Bombay graduates Mayuresh Patole and Tejas Gawande in 2021, Chronicle is a modern format of presentations that delivers interactive stories without the design guesswork.
The SaaS presentation platform allows users to create interactive and engaging presentation slides by offering them pre-designed blocks as templates, which also makes the process quicker.
Speaking about the funding round, Mayuresh Patole, Co-founder and CEO of Chronicle, said,
“Our adopters can use Chronicle to create decks in 8 minutes instead of 8 hours. We see Chronicle as a way to anchor any meeting or discussion, in-person, remote, or asynchronous.”
As per the startup, it is not trying to make presentation software that makes slides better or faster but rather trying to reimagine the format completely. It will enable teams to communicate and capture thoughts, ideas and decisions without spending hours designing slides.
The SaaS presentation platform is currently in the beta stage, with the first version of its product that focuses on helping founders make pitch decks. Chronicle, which currently has 15 members, plans on expanding to other internal and external storytelling use cases as well.
Amidst an ongoing funding crunch in the startup ecosystem, the SaaS sector has seen significant investment activity. A few days back GetWork raised pre-Series A funding of $846,340 (around Rs 7 crore), co-led by Samarthya Investment Advisors and Artha Venture Fund.
Also, SaaS startup Hatica raised seed funding of $3.7 million (Rs 30.56 crore) led by Sequoia Capital India’s accelerator programme Surge.
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