Machine learning Branding startup Tailor Brands announced on Tuesday the closing of their Series A funding round, pulling in $4M in new capital and bringing total investments in the company to $5.1M.
The current round was led by Mangrove Capital Partners, alongside Disruptive Technologies L.P, who led the Company’s Seed Round. As part of this round, Mark Tluszcz, Chairman of website builder giant Wix, and Roy Saar, Partner at Mangrove Capital Partners, will be joining Tailor Brands board of directors alongside Tal Barnoach of Disruptive Technologies. Co-founded by CEO Yali Saar, CTO Nadav Shatz, and Chief Design Officer Tom Lahat,
Tailor Brands is the only fully automated branding agency working with over 500,000 businesses worldwide. They use machine learning and pattern recognition to instantly design anything from logos to full ad set campaigns for affordable prices.
“The new funding will be used to expand the Company and accelerate the growth of the Company’s new subscription product, “Tailor Brands Studio”, that allows unlimited branding design. “We believe design can change lives”, Said Yali Saar, the Company’s CEO. “From small German apple farms to NYC coffee shops our service allows small business owners to compete with a big chain’s budget. We help your neighborhood coffee shop compete with Starbucks”.
“Yali and his team are redefining the concept of the logo”, said Tluszcz, CEO and Managing Partner at Mangrove Capital Partners. “The opportunity to disrupt this massively fragmented market with technology is exciting and we look forward to a great journey”.
“Tailor Brands vision, to disrupt the branding agency model by automating the process, made us involved from the early stage”, said Barnoach, General Partner at Disruptive Technologies L.P. “We believe that with the traction they gained so far & the new injected funds Tailor Brand is positioned to become the next golden standard in this market.