The first announcement of investment in a startup of 2024, or rather scaleup in this case, comes from Contents.com which announces that it has completed an $18 million Series B round, backed by European and American venture capital funds, functional to consolidate its position in the market of multilingual content generation and orchestration for medium and large companies, thanks to its proprietary all-in-one AI-powered technology platform. The capital increase is driven by Sinergia Venture Fund (Alkemia Capital) and sees the participation of the Canadian-American fund Thomson Reuters Venture, which with this operation closes its first European investment. FNDX and Invictus Capital are also participating in the round. Founded in 2021, Contents.com has rapidly expanded its international footprint and now has customers in Europe, Latin America, North America and Asia. Around the world, medium and large companies use Contents.com’s SaaS technology platform to manage multilingual and multi-format digital content production workflows, including images and videos, in an integrated and coordinated way. The Contents platform offers an optimized user experience integrated with the main CMS, e-commerce and DAM solutions in the enterprise and makes it easy to use international LLMs (large language models) to produce original content, thus reducing time and costs with the same quality and facilitating the work of the marketing, e-commerce, and media management departments of client companies.
International Expansion
The Sinergia Venture Fund (headed by Alkemia Capital SGR), already an investor in Contents.com, is leading this new capital increase operation, the capital raised is destined for a significant expansion of Contents.com’s international business. This includes enhancing capabilities and technology solutions, as well as strategically increasing the company’s headcount, with a particular focus on growing technology innovation and sales teams. “In an era where innovation drives progress, Contents.com aims to help global companies stay ahead of the curve. Throughout this extraordinary journey, our fundraising philosophy has remained the same: to seek not only funding, but collaborations in line with our values and innovative vision. The Series B round is not just a financial milestone, but a demonstration of our bold challenge to the conventions of the tech world. This funding will push us beyond traditional boundaries, revolutionizing the creation of high-quality, multilingual content globally. We are committed to transforming global communication, connecting ideas and cultures through advanced AI-powered solutions. Together with our partners, we are redefining the global technology landscape, impacting far beyond our business growth. We’re here with Contents.com to influence the creation of content on a global level”, says Massimiliano Squillace, CEO and founder of Contents.com who on the occasion of the announcement is present at CES in Las Vegas, which is taking place these days precisely to facilitate meetings with international partners and customers. “We are excited about our role as lead investor in Contents.com’s recent capital increase. Our trust in Massimiliano, the founder, and his exceptional team is the foundation of this decision. We strongly believe in their vision and innovative approach to Contents.com the generative AI market. The generative AI market is in an exponential growth phase, with forecasts indicating a global market value that could exceed $50 billion by 2026. This technology is opening up new frontiers in different sectors, from digital marketing to industrial automation. Contents.com is perfectly positioned to take advantage of these opportunities and drive innovation in this rapidly evolving industry,” says Simone Cremonini, partner at Sinergia Venture Fund. “The Contents.com team has developed an application that enables the practical use of generative AI for enterprise content creation. We are excited to partner with them to bring the rich capabilities of the application to our teams and customers, so that they in turn can create high-quality, multilingual content,” says Tamara Steffens, Managing Director of Thomson Reuters Ventures. In the transaction, Contents.com was assisted by Orrick, Herrington & Sutcliffe LLP, in particular by Attilio Mazzilli (Partner) and Livia Maria Pedroni (Of Counsel).
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