Wednesday, April 24, 2024
Outlook.com
Outlook India
Outlook Business

Chronicle Raises $7.5 Million From Accel

The company is planning to utilise the newly-generated fund to hire skilled staff to strengthen its bandwidth

Chronicle Raises $7.5 Million From Accel
Mayuresh Patole and Tejas Gawande, co-founders of Chronicle
POSTED ON February 23, 2023 2:27 PM

Presentation-tech company Chronicle has raised $7.5 million in a seed funding round led by Accel. The round witnessed the participation of Square Peg and multiple other investors like Utsav Somani and Vivek Sodera. According to an Economic Times (ET) report, several executives like Meta, Apple, Google, Slack, Stripe, OnDeck and Adobe also joined the round. 

The company is planning to utilise the newly-generated fund to hire skilled staff to strengthen its bandwidth. Additionally, it is eying to speed up its product-building process and will target to expand its user base in the coming time. 

Founded in 2021 by IIT Alumni graduates Mayuresh Patole and Tejas Gawande, the company claims to offer pre-designed blocks to customers for creating interactive and engaging presentations. 

Chronicle is present in markets like India, Australia and the United States. It is currently working on its product and has not decided on its pricing. 

Talking about the latest development, Mayuresh Patole, co-founder and chief executive officer (CEO) of the company, said, “Our adopters can use Chronicle to create decks in 8 minutes instead of 8 hours. We see Chronicle as a way to anchor any meeting or discussion, in-person, remote, or asynchronous.”

Addressing the decision to invest in the company, Shekhar Kirani, partner at Accel, said, "With its design and experience, Chronicle has started emerging as the choice of storytelling tool with modern ventures." 

  • Related Articles

    WhiteHat Jr contributed 26.73 per cent to BYJU’S total loss of Rs 1,118.25 crore in the financial year 2021

    BYJU Plans to Shut WhiteHat Jr Amid Growing Losses: Report

    SIDBI is working towards facilitating credit supply to the MSME sector in line with the government's vision of making India a $5 trillion economy. The organisation aims to grow its balance sheet to...

    SIDBI Forays Into The Venture Debt Market, Chairman S. Ramann Addresses PE-VC Industry

    Since its inception in 2016, AdmitKard has raised $11.6 million in funding

    AdmitKard Raises $6 Million From GSV Ventures