About Draft
Draft is a company based in Canada founded in 2017. Draft has raised $9.13 million across 2 funding rounds from investors including Khosla Ventures, Y Combinator and Alex Norman. Draft offers products and services including Content Writing Platform and AI Tools. Draft operates in a competitive market with competitors including Grammarly, Ginger Software, Contents, Matter and QuillBot, among others.
- Headquarter Canada
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.13 M (USD)
in 2 rounds
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Latest Funding Round
$9 M (USD), Series A
Apr 13, 2021
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Investors
Khosla Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Draft
Draft offers a comprehensive portfolio of products and services, including Content Writing Platform and AI Tools.
On-demand tool for creating and revising blog posts and marketing content
Free AI-driven features for content ideas and brief building
Funding Insights of Draft
Draft has successfully raised a total of $9.13M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $9.0M
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First Round
First Round
(17 Mar 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Draft | Valuation | Global Founders Capital , Y Combinator | |
| Mar, 2021 | Amount | Seed - Draft | Valuation | Y Combinator |
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Investors in Draft
Draft has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Khosla Ventures, Y Combinator and Alex Norman.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Investments & Acquisitions by Draft
Financial Statements - Draft
Draft Comparisons
Competitors of Draft
Draft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grammarly, Ginger Software, Contents, Matter and QuillBot, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI and cloud-based writing assistance platform for improving writing and communication
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| domain | founded_year | HQ Location |
Grammatical skills are enhanced via contextual corrections and personalized lessons.
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| domain | founded_year | HQ Location |
Developer of an AI-based content-writing platform
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| domain | founded_year | HQ Location |
AI-driven audio-dating platform with voice profiles and matchmaking is provided.
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| domain | founded_year | HQ Location |
An AI-based paraphrasing tool is provided for text processing.
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| domain | founded_year | HQ Location |
AI-driven translation and localization platform for enterprises is provided.
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Latest news on Draft
Frequently Asked Questions about Draft
Draft was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Draft is headquartered in Canada.
Draft is a funded company, having raised a total of $9.13M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 17, 2021.
Founded in 2017 and based in Canada, Draft operates as an online platform in the content creation sector. Access to various writing jobs is provided for clients, while writers select projects, deadlines, and rates. Services encompass blog posts, social media content, web page copy, marketing emails, and AI-generated materials. The domain draft.co supports these operations.
Draft's top competitors include Grammarly, Contents and Ginger Software.
Draft offers Content Writing Platform and AI Tools.
Draft has 5 investors. Key investors include Khosla Ventures, Y Combinator, Alex Norman, Global Founders Capital, and N49P Venture Capital.