# Kitemaker AS

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

- Industry: Software
- Headquarters: Norway
- Website: www.kitemaker.co
- Total disclosed funding: $2M
- Latest round: Seed (May 11, 2021)
- Investors on record: 3

## About

Kitemaker AS is a Norwegian company that specializes in providing an integrated product development tool aimed at enhancing collaboration and task management for teams across various sectors.Founded in 2019 in Norway by Kevin Simons, Kitemaker AS offers a product development tool that helps teams efficiently manage tasks and collaborate. The company has successfully raised USD 2.000 mn in a Seed funding round on May 11, 2021, co-led by EQT and Snö Ventures, with participation from Y Combinator. The latest funding raised is equal to the total amount raised so far, bringing the total to USD 2.000 mn.Kitemaker offers a comprehensive product development tool designed to streamline collaboration and task management within teams. The platform facilitates planning, discussion, and tracking of tasks, allowing users to manage deliverables effectively. It targets teams needing a structured approach to gather user feedback and prioritize work collectively, serving various sectors including technology, product management, and creative industries. The platform is utilized in North America, Europe, and Asia, addressing the needs of diverse teams.Kitemaker's revenue model is based on a subscription structure where clients pay for access to the platform through tiered pricing plans. These plans cater to both small teams and larger organizations, enabling scalability. In the most recent year, Kitemaker reported a revenue of USD 44,948 and an EBITDA of USD -38,757.Kitemaker AS plans to utilize the USD 2.000 mn raised in May 2021 to enhance its product offerings and expand its market reach. The company aims to develop new features and improve user experience in the coming year. Additionally, Kitemaker targets expansion into new geographic regions, including additional markets in Europe and Asia, by 2023, to further enhance its client base and service capabilities.

## Funding rounds

- Seed, May 11, 2021, $2M — EQT, Y Combinator, SNO Ventures

## Investors

- EQT (https://capitalatlas.ai/funds/eqt) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- SNO Ventures (https://capitalatlas.ai/funds/sno-ventures) — Seed