# Penny AI Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/penny-ai-technologies

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.pennyapp.com
- Total disclosed funding: $27M
- Latest round: Series B (Jun 1, 2022)
- Investors on record: 3

## About

Based in British Columbia, Canada, and founded in 2017 by Chief Executive Officer David Abbey and Chief Technology Officer Chris Noble, Penny AI Technologies Inc. operates as a developer of an intelligent CRM assistant that organizes and automates customer orders, prospects, and promotion lists. In June 2022, Penny AI Technologies Inc. raised USD 27 million in series B funding led by new investor PSG Equity, with participation from other new investors Acronym Venture Capital and Scale Up Ventures.

Penny AI Technologies Inc. offers social sales enablement platform that includes features such as AI-driven daily actions, automated follow-up tasks, and customizable scripts. The company’s platform supports new customer growth, exceptional customer care, and repeat business with a variety of features such as the daily, which is an auto-generated to-do list prioritizing time-sensitive tasks, and Penny+, which integrates social media contracts into the platform. In addition, the firm provides learning and onboarding solutions, business intelligence, and revenue acceleration programs to improve seller productivity. 

The company generates revenue based on subscription-based model and charges USD 6.99 monthly for thrive package.

## Funding rounds

- Series B, Jun 1, 2022, $27M — Scale Up Ventures, Acronym Venture Capital, PSG Equity

## Investors

- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Series B
- Acronym Venture Capital (https://capitalatlas.ai/funds/acronym-venture-capital) — Series B
- PSG Equity (https://capitalatlas.ai/funds/psg-equity) — Series B