# Element

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/element

- Industry: Software
- Headquarters: New York, US
- Website: www.discoverelement.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 11, 2018)
- Investors on record: 9

## About

Element Inc. is a software company that enhances operational efficiency through innovative solutions, focusing on project management, team collaboration, and data analytics for mid-sized to large enterprises.Founded in 2012 in New York, US, Element Inc. specializes in software solutions that streamline workflow processes. The company launched its integrated platform in 2020. Co-founded by Adam Perold, Sergio Espinosa, and Yann LeCun, Element Inc. raised a total of USD 12.00 mn through a Series A round on April 11, 2018, with investments from notable firms like GDP Venture and Bank Rakyat Indonesia.Element Inc. provides an integrated software platform that enhances operational efficiency with tools for project management, team collaboration, and data analytics. Tailored for various industries including technology, healthcare, and finance, it primarily serves mid-sized to large enterprises and has gained traction particularly in North America and Europe.The company's revenue model is based on subscription services, allowing clients to access its software via monthly or annual plans. Element Inc. generates revenue through direct-to-consumer sales and partnerships with technology resellers, focusing on long-term client relationships to ensure steady recurring revenue from software subscriptions.Following a Series A funding round that raised USD 12.00 mn in April 2018, Element Inc. plans to utilize these funds to develop AI technology. The company aims to expand its market reach into additional geographic regions, with a focus on launching new products designed to enhance its platform's capabilities in the coming years.

## Funding rounds

- Series A, Apr 11, 2018, $12M — Recruit Strategic Partners, BoxGroup, Bank Rakyat Indonesia, SMDV, MDI Ventures, Maloekoe Ventures, GDP Venture, PTB Ventures, Central Capital Ventura

## Investors

- Recruit Strategic Partners (https://capitalatlas.ai/funds/recruit-strategic-partners) — Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A
- Bank Rakyat Indonesia — Series A
- SMDV (https://capitalatlas.ai/funds/smdv) — Series A
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series A
- Maloekoe Ventures (https://capitalatlas.ai/funds/maloekoe-ventures) — Series A
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Series A
- PTB Ventures (https://capitalatlas.ai/funds/ptb-ventures) — Series A
- Central Capital Ventura (https://capitalatlas.ai/funds/central-capital-ventura) — Series A