# Seel

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

- Industry: Insurance
- Headquarters: San Francisco, US
- Website: www.seel.com
- Total disclosed funding: $24M
- Latest round: Series A (Dec 3, 2021)
- Investors on record: 5

## About

Seel, Inc. specializes in innovative technology solutions that enhance operational efficiency across various industries, focusing on B2B clients such as manufacturing, logistics, and healthcare.Founded in 2018, Seel, Inc. is headquartered in San Francisco, US. The company focuses on advanced technology systems that improve operational efficiency. The founding team includes Bill Liu, Mohab Adly, and Zack Peng, with Zack Peng serving as the CEO. Seel has raised USD 17 mn in Series A funding on December 3, 2021, led by Lightspeed Venture Partners, with participation from Afore Capital, Foundation Capital, and West Loop Ventures. The total amount raised to date is USD 17 mn, with a current valuation of USD 72.89 mn.Seel specializes in providing innovative solutions tailored to meet the needs of diverse industries. Their core product offerings focus on advanced technology systems designed to enhance operational efficiency and streamline workflows. Targeted primarily at B2B clients, Seel’s products serve end-users in sectors such as manufacturing, logistics, and healthcare, addressing critical challenges such as inventory management and process optimization. Since their launch, these offerings have gained traction in markets across North America and Europe, where clients have adopted their technology to improve productivity and reduce operational costs. The company prides itself on delivering high-quality solutions that are customizable, ensuring they effectively address the unique requirements of each client.Seel operates on a subscription-based revenue model, facilitating ongoing relationships with its clients through annual contracts that include regular updates and customer support. These transactions typically involve businesses signing up for tailored service packages, which may include various tiered pricing plans based on the specific features and level of service required. The company’s flagship products are bundled into these packages, allowing clients to choose options that best fit their operational needs. Revenue is generated primarily through direct-to-business engagements, where Seel collaborates closely with clients to implement their technology solutions. This model fosters long-term partnerships, ensuring a consistent revenue stream as clients rely on Seel’s services for their operational success.Seel, Inc. plans to utilize the recent Series A funding of USD 17 mn, raised in December 2021, to enhance product development and expand its market reach. The company is currently designing new technology solutions aimed at optimizing workflow in the logistics and healthcare sectors, with anticipated launches scheduled for late 2023. Additionally, Seel is targeting expansion into European markets by 2024, aimed at increasing their client base and exploring new partnerships. The funding will support research and development initiatives critical for these growth strategies.

## Funding rounds

- Series A, Dec 3, 2021, $17M — Lightspeed Venture Partners, Foundation Capital, Afore Capital, West Loop Ventures
- Seed, Oct 28, 2020, $5M — Foundation Capital, Afore Capital, West Loop Ventures
- Seed, Nov 4, 2019, $1.5M — Techstars, Afore Capital, West Loop Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed, Series A
- West Loop Ventures (https://capitalatlas.ai/funds/west-loop-ventures) — Seed, Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A