# Lantern

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.withlantern.com
- Total disclosed funding: $6.8M
- Latest round: Seed (Jul 12, 2023)
- Investors on record: 5

## About

Based in California, US, and founded by David Bromberg in 2020, Lantern, Inc. operates as a software development company offering artificial intelligence (AI) based platform for sales and marketing. In July 2023, the firm raised USD 6.8 million in seed funding led by investors Moxxie Ventures and Primary Ventures, with participation from other investors 8-Bit Capital, 8VC, and Coalition Operators.

The company offers a customer engagement automation platform that optimizes upsell opportunities for SaaS companies. The company utilizes artificial intelligence to turn data into actionable insights, allowing businesses to increase revenue, reduce churn, accelerate growth, and increase Net Dollar Retention (NRR). The platform offered by the firm are a B2B customer data platform for keeping a single record of every customer, spotlights for retention and expansion of existing accounts, AI health forecasting to forecast renewal revenue, account mapping for mapping relationships at key accounts, and integration for one-click integration with more than 50 tools. Lantern also offers a champion chaser to its customers that includes a job tracking tool for converting old customers into new companies, and workflows for syncing data back to any application.

The firm generates its revenue by offering its Software as a service (SaaS) platform on a subscription basis starting with a Starter Package for USD 15,000 per year, etc.

## Funding rounds

- Seed, Jul 12, 2023, $6.8M — Primary Ventures, 8VC, Moxxie Ventures, 8-Bit Capital, Coalition Operators

## Investors

- Primary Ventures (https://capitalatlas.ai/funds/primary-ventures) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Moxxie Ventures (https://capitalatlas.ai/funds/moxxie-ventures) — Seed
- 8-Bit Capital (https://capitalatlas.ai/funds/8-bit-capital) — Seed
- Coalition Operators (https://capitalatlas.ai/funds/coalition-operators) — Seed