# Orbiit

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.orbiit.ai
- Total disclosed funding: $2.7M
- Latest round: Seed (May 27, 2021)
- Investors on record: 6

## About

Orbiit, Inc. is a developer of an AI-driven online community engagement platform that enhances networking through personalized matchmaking and logistical automation, fostering meaningful interactions among users.Founded in 2018 in New York, US, Orbiit, Inc. specializes in AI-powered community engagement solutions. The company has undergone strategic developments to refine its service offerings. Co-founders Bilyana Freye and Luuk Derksen lead the organization, with Freye serving as CEO. Orbiit has successfully completed two funding rounds, with the latest being a Seed round in May 2021. This round raised USD 2.7 mn from lead investor Bread & Butter Ventures and other partners, including Company Ventures, Forum Ventures, Founders Fund, High Alpha Capital, and LAUNCHub, totaling USD 2.7 mn raised since inception.Orbiit provides an AI-powered online community engagement tool designed to facilitate 1:1 and small-group conversations based on shared interests and challenges among community members. The core functionality centers on an advanced matching engine, optimizing relevance through customizable criteria. It automates logistical tasks like invitations, call scheduling, and reminders, enabling users to focus on substantive interactions. Orbiit caters to a diverse range of clients, including Atlassian, Spendesk, and LeanIX, serving communities of varying sizes globally and enhancing engagement for organizations seeking improved networking and retention.Orbiit operates on a subscription-based revenue model aimed at businesses looking to boost community engagement. Clients subscribe to access features such as the matching engine and automation tools, with pricing based on community size and specific functionalities utilized. Their flagship AI-driven matchmaking service is central to client transactions, supporting a sustainable revenue stream that allows for client base expansion.In May 2021, Orbiit, Inc. raised USD 2.7 mn in Seed funding to enhance its product and engineering team. The company plans to further develop its platform with upcoming new products that will advance its service offerings. Additionally, efforts are underway to target expansion into new geographic regions to increase market presence. The funding will be pivotal in supporting these initiatives, aligning with their strategy to improve community engagement capabilities.

## Funding rounds

- Seed, May 27, 2021, $2.7M — Founders Fund, LAUNCHub, Forum Ventures, High Alpha, Bread & Butter Ventures, Company Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- LAUNCHub (https://capitalatlas.ai/funds/launchub) — Seed
- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Seed
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Seed
- Bread & Butter Ventures (https://capitalatlas.ai/funds/bread-butter-ventures) — Seed
- Company Ventures (https://capitalatlas.ai/funds/company-ventures) — Seed