# Summify

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

- Industry: Internet
- Headquarters: Vancouver, Canada
- Website: www.summify.com
- Latest round: Angel (Mar 30, 2011)
- Investors on record: 2

## About

Summify is an entrepreneur support center that offers diverse services to assist aspiring business owners and socially responsible initiatives, focusing on foundational business guidance and skill development.Summify provides essential support services for entrepreneurs, including free consultations and training sessions. The company is headquartered in Vancouver, Canada and was acquired by Twitter in January 2012. The acquisition terms were not disclosed.Summify operates as an entrepreneur support center, providing a range of services designed to assist aspiring business owners and socially conscious initiatives. The primary offerings include free consultations that guide entrepreneurs through the foundational elements of starting and managing a business, as well as training sessions focused on key skills such as financial management, marketing strategies, and operational efficiency. Additionally, Summify organizes events that foster networking and collaboration among entrepreneurs, allowing them to share insights and resources. A notable aspect of their service is the focus on projects aimed at decent housing for internally displaced people, reflecting a commitment to social responsibility. Summify's customer base primarily consists of emerging entrepreneurs and non-profit organizations, particularly in urban regions across North America and Europe, where access to business support and social initiatives is critically needed.Summify's revenue model is predominantly structured around service-based transactions, focusing on consultations, training, and event participation. Clients engage with the company through direct interactions, where they can access one-on-one consultations at no charge, ensuring that financial barriers do not prevent individuals from seeking entrepreneurial guidance. Revenue is generated through sponsorships and partnerships associated with their training sessions and events, which may include fees from partnering organizations looking to enhance their visibility in the entrepreneurial ecosystem. While specific pricing plans for consultations and training services are not disclosed, the company emphasizes accessibility, thus aiming to create a supportive environment for all clients regardless of their financial situation. The firm's commitment to social impact and community building positions it uniquely within the social projects sector, aligning its financial goals with its mission.Summify aims to expand its services by designing new training programs focused on advanced entrepreneurial skills, with plans for a rollout by early 2023. The company is also targeting expansions into additional urban markets across North America and Europe to enhance outreach by mid-2023. The financial resources from the deal with Twitter will be utilized to support these initiatives, particularly in developing new training modules and enhancing event collaborations.

## Funding rounds

- Angel, Mar 30, 2011 — Accel
- Seed, Mar 18, 2010 — Bootup Labs

## Investors

- Bootup Labs (https://capitalatlas.ai/funds/bootup-labs) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Angel