How Copy.ai Scored $11 Million From VCs Like Sequoia and Tiger Global

On Oct 17, 2021

Copy.ai recently raised an $11 million Series A from VC firms like Wing, Sequoia, and Tiger Global.
The startup uses artificial intelligence to write marketing copy for businesses.
See the pitch deck that won over top VCs.

“When humans write, we don’t follow a script. We plan and draft and revise and reconsider and edit and rewrite. We write fluidly, planning what we want to say but letting the writing process itself dictate how it unfolds. Backwards, forwards — we think on our feet. Copy.ai seeks to replicate this adaptive writing process with artificial intelligence.”

Copy.ai wrote that itself in about thirty seconds, along with eleven other options for how to introduce this article.

For $35 a month, people can hire the year-old startup’s AI bot to write everything from marketing copy to love letters (“The Copy.ai bot is a huge improvement on Siri and Alexa,” it wrote as an ode to itself).

The company just raised an $11 million Series A led by Wing Ventures (the seed stage firm founded by Accel veteran Peter Wagner and Sequoia veteran Gaurav Garg), with participation from top venture firms like Sequoia, Tiger Global, and Elad Gil. This brings the company’s total funding to $13.9 million.

Copy.ai was founded last year by Paul Yacoubian and Chris Lu after seeing businesses scramble to move online during the pandemic.

“People have a hard time expressing their own creativity; they have a hard time writing things,” Yacoubian told insider. “What’s the tool that we can get people to do that? ”

The team built their bot from early access to GPT-3, a tool that mimics how humans speak from the powerhouse non-profit OpenAI (which is run by CEO Sam Altman). Yacoubian said Copy.ai has been used for emails, websites, and even high school essays.

Copy.ai had 2,000 people sign up to use it in its first two days after launching, ballooning to over 5,000 paying users within the year. Yacoubian plans to use the new capital to keep up with growth and double the 13-person team by next year.

Here’s the pitch deck that Copy.ai used to sway top VCs.

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