Commaful raises undisclosed Seed Round from We Founder Circle
New Delhi, December 6: We Founder Circle, an early-stage startup investor, focussed on founder backing, founder has invested in content community platform Commaful.
The USA based startup is a part of the new wave of creator economy and content creation + consumption platforms in the same space as Episodes, Wattpad, and Substack. The undisclosed seed round witnessed participation from NK Securities and esteemed angel investors, including Hitesh Dhawan (Founder – Neuronimbus), Gaurav Juneja (CEO- Ruchi Twisters) and Siddharth Shah (Managing Director – Rajesh Motors).
Sydney Liu and Ryan Choi founded Commaful. The two met at the University of Southern California – since then, Liu took a leave of absence, and Choi turned down a PhD program offer to pursue Commaful. By creating a new storytelling format for people to tell engaging and interactive stories, the startup expanded the $30B book publishing market, $136B film industry, and growing $10B creator economy.
“Community Building has been a key driver for any industry business growth. Considering how digitisation has taken place in the last decade, content has played a vital role. Building a community in content with innovation will give more avenues to the people to share stories to inspire the community. We can unlock the Stan Lee’s, JK Rowling’s, Dr. Seuss’s of this generation and allow them to build their audience via such platforms. Being a community first approach investment platform, We Founder Circle is glad to be supporting the startup and can see its growth trajectory already.” said Neeraj Tyagi, Co-Founder & CEO, We Founder Circle.
On the Fund Raise, Sydney Liu, Co-Founder, Commaful, affirmed, “Storytelling is a deeply human experience as old as humankind. Commaful today already has a global audience, and we’ve been amazed by the incredible stories that Indian creators have shared. We are excited to bring on value-add investors from around the world to help support our mission.”
Bhawna Bhatnagar, Co-Founder of We Founder Circle, who comes from global tech and content startups like ByteDance, said, “Global platforms like Commaful have great potential as it aggregates content of every format and hence has great appeal for the young creative audience. Moving forward, We Founder Circle is committed to investing in content-focused startups.
Start-up plans at utilising the funds to build, maintain and scale the technology infrastructure that creates a better experience for the community. The startup will also focus on activities related to scaling operations, building the brand and creating a community with creative campaigns.
Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the startup industry and steer it towards aggressive growth. It invests USD 50K- USD 150 K in early-stage startups fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to startups as it believes early-stage startups need a lot beyond just financial support to become scalable and stable.