# FreeAgent Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freeagent-network

- Industry: Software
- Headquarters: Walnut Creek, US
- Website: www.freeagentcrm.com
- Total disclosed funding: $18M
- Latest round: Series A (Apr 20, 2021)
- Investors on record: 3

## About

FreeAgent Network, Inc. specializes in providing AI-driven solutions that enhance operational efficiency across various sectors, including healthcare and manufacturing, through innovative technology and streamlined workflows.Founded in 2016 and headquartered in Walnut Creek, US, FreeAgent Network, Inc. offers AI solutions designed to optimize business operations. The company has raised USD 12.6 mn in Series A funding led by Pelion Venture Partners, with other participation from Altara Ventures and BlueRun Ventures. The funding aims to support product development and marketing activities. The founders, Dave Stephens and Ryan Manning, have a history of entrepreneurial ventures in technology-driven environments. The company has completed 3 funding rounds, with the latest deal dated April 20, 2021, bringing its total amount raised to USD 12.6 mn and a current valuation of USD 55.63 mn.FreeAgent Network, Inc. provides a range of AI-driven solutions tailored to enhance operational efficiencies across various industries, including In-Home Healthcare and Manufacturing. Their products focus on streamlining workflows and improving productivity, utilizing voice-driven technology to facilitate effective interactions. Specifically, in the In-Home Healthcare sector, the company offers HIPAA-approved AI solutions that enhance patient care. Their inventory automation tools are designed to optimize stock management in manufacturing settings, while solutions for Post-Production assist content creators in refining workflows. The company's services primarily target clients in North America and Europe who require advanced AI applications to address complex operational challenges.FreeAgent Network, Inc. employs a subscription-based revenue model, enabling clients to access a variety of services that cater to their operational needs. The company partners directly with businesses in specific sectors to deliver tailored solutions. Their pricing structure is designed to accommodate organizations of various sizes, promoting long-term client relationships through flexible and predictable financial commitments. Details on individual service pricing are not disclosed, but the model supports the company's offerings, especially in the healthcare and manufacturing sectors.Following the Series A funding of USD 12.6 mn raised in April 2021, FreeAgent Network, Inc. plans to leverage this capital to further develop its product offerings and expand marketing efforts. The company aims to introduce new products aimed at enhancing customer engagement and operational efficiency. Additionally, there are intentions to expand into new markets, specifically targeting growth in regions across North America and Europe by 2023. The focus on developing innovative solutions will help position FreeAgent Network, Inc. for continued growth and operational success.

## Funding rounds

- Series A, Apr 20, 2021, $13M — BlueRun Ventures, Pelion Venture Partners, Altara Ventures
- Seed, Feb 27, 2018, $5.6M — BlueRun Ventures

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Seed, Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A
- Altara Ventures (https://capitalatlas.ai/funds/altara-ventures) — Series A