# Letkit

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

- Industry: Software
- Headquarters: Walnut Creek, US
- Website: www.quorum.chat
- Total disclosed funding: $2M
- Latest round: Seed (Jul 22, 2020)
- Investors on record: 3

## About

Letkit Inc. is a technology company that offers innovative solutions for digital communication and collaboration, primarily through its platform Quorum, designed to enhance user interaction in online environments.Founded in 2019 and headquartered in Walnut Creek, US, Letkit Inc. specializes in digital communication solutions. It has undergone no notable pivots or structural changes since its inception. The company was founded by Romy Lynch, who also serves as CEO. The most recent funding round, a Seed round, occurred on July 22, 2020, where Letkit Inc. raised USD 2.00 mn from investors including LocalGlobe, Tapestry Venture Capital, and Y Combinator, bringing the total amount raised to USD 2.00 mn.Letkit Inc. operates Quorum, a platform focused on facilitating efficient online communication and collaboration for users in various sectors. Quorum enables users to create interactive spaces tailored for discussions, meetings, and collaborative projects, enhancing user engagement in digital environments. The platform serves a diverse global clientele aimed at improving communication effectiveness in numerous industries.Letkit Inc. does not generate direct revenue from users, as access to the Quorum platform is free. Instead, the company may monetize through partnerships or integrations with other service providers, without relying on a subscription model or direct sales of products. The transactional nature of its offerings helps connect users with potential business solutions, but no specifics on revenue figures have been disclosed.Looking ahead, Letkit Inc. plans to expand its Quorum platform by introducing new features designed to enhance user interaction and collaboration capabilities, with a timeline set for release in 2021. The company aims to penetrate additional markets, focusing on Europe and Asia by the end of 2021. The funding raised in July 2020 will be utilized to support these development initiatives and geographic expansions, aiming to enhance the platform's functionality and user experience.

## Funding rounds

- Seed, Jul 22, 2020, $2M — Y Combinator, LocalGlobe, Tapestry Venture Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Tapestry Venture Capital (https://capitalatlas.ai/funds/tapestry-venture-capital) — Seed