Ukrainian startup  Replyapp raised $ 400 thousand of investments

Ukrainian startup Replyapp raised $ 400 thousand of investments

17.03.2016 News

Ukrainian startup  Replyapp raised $ 400 thousand of investmentsDigital Future and WannaBiz invest in the Ukrainian startup Replyapp $ 400 000. This is stated in the Digital Future report.

The founder of the project relied on a smaller sum. But investors felt that they need to invest in the growth of the project amid rising competition in America.

The first investor invests $ 350,000 in the project of the Ukrainian businessman Oleg Belozor. Another $ 50,000 invests WannaBiz fund.

Replyapp.io is the system that allows to automate the sending of personalized emails. Every email sent through the system, looks like it was written personally to the recipient by someone personally. In December 2015 the number of emails sent via this system has exceeded 1 million.

The company was founded in August 2014, and the first release took place in June 2015. “The service, primarily intended for sales managers and it’s used for the distribution of so-called” cold “emails (when they  apply to the client for the first time), as well as to automate the “warm” mailings (when they have already  communicated with the client)”, – the report says.

“In last six months, our sales grew by 30-50% in the month,  we were at the interview in 500 Startup and Y Combinator, and we could continue to grow without investment – with income from customers, however, the market where we are working now, very hot and competitive. Therefore, if we want to continue to hold a strong position in it, then we have already to work 10 times faster and more intensively, and hire people right now, and not to wait until our income will grow, so that we can do it ourself, without the investments”, – said the founder of the startup Oleg Belozor.

The investments will be aimed at expanding of the sales, marketing and product development. The founders of the startup originally requested only $ 200,000 – 250,000 investments. But the  investors have decided to give more. “Competition in the US is now enhanced, and we need to have time to drop in the train”, – said Alexey Vitchenko, CEO of the Digital Future investment company.

Source: biz.liga.net

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