# TollBit

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

- Industry: Software
- Headquarters: New York, US
- Website: www.tollbit.com
- Total disclosed funding: $38M
- Latest round: Series A (Sep 27, 2024)
- Investors on record: 7

## About

Founded in 2023 by Olivia Joslin and Toshit Panigrahi, and based in New York, US, Novoscribe, Inc., doing business as TollBit operates as a financial platform for content monetization that enables data scrapers and artificial intelligence bots to pay for content rather than just extracting information from websites. In March 2024, TollBit raised USD 7 million in seed funding led by investor Sunflower Capital, with participation from AIX, Lerer Hippeau, Operator Collective, and Liquid 2 Ventures.

TollBit offers a platform to digital publishers, empowering them to navigate content strategy by monitoring and blocking AI bot traffic, managing licensing deals, and enabling the creation of custom GPTs on their content. The platform helps publishers combat ad revenue loss and allows publishers to monetize scraped data, providing pricing autonomy with options for fixed rates or scalable prices based on consumption. The firm’s token-based validation ensures secure content access and facilitates the onboarding and charging of scraping partners.

The company intends to use the March 2024 funding to grow its tech team.

## Funding rounds

- Series A, Sep 27, 2024, $31M — Lightspeed Venture Partners, Section 32
- Seed, Mar 5, 2024, $7M — Lerer Hippeau Ventures, Liquid 2 Ventures, Sunflower Capital, Operator Collective, AIX Ventures

## Investors

- Lerer Hippeau Ventures — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Sunflower Capital (https://capitalatlas.ai/funds/sunflower-capital) — Seed
- Operator Collective (https://capitalatlas.ai/funds/operator-collective) — Seed
- AIX Ventures (https://capitalatlas.ai/funds/aix-ventures) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Section 32 (https://capitalatlas.ai/funds/section-32) — Series A