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Blog / Company Update
Update: Product, Traction, Fundraising
Devyn Green
Published: July 23, 2024
DEVYN.AI is a Fully Autonomous Marketer capable of generating leads for any product or service through Facebook ads.
Dear Community,
I'm excited to share some incredible strides we've made these past few months at DEVYN. From launching a sleek new homepage to hitting major milestones with our user base, the momentum is undeniable. Read on for all the details and exciting developments!
⚙️ Product
New Product-Led Homepage: A fresh look worthy of a B2B SaaS unicorn inspired by the greats.
New Chat Interface: An exact replica of ChatGPT to make chatting with DEVYN a familiar breeze.
New Calendar Integrations: Schedule meetings on auto-pilot with your favorite booking tool such as Calendly or HubSpot.
📈 Traction
First 1,000 Users: We further proved product-demand by pumping in users at scale through Facebook Ads for less than $3.00 per signup.
Approaching $30k ARR: At our new price point of $279/month, every 10 customers equates to an additional $30k+ in annual recurring revenue.
Converting Free to Paid: With over 1,000 freemium users, we expect to convert at least 1% to paid to reach $30k ARR by the end of August 2024.
💵 Fundraising
$$60k Raised to Date: Thanks to all of our early friends & family investors (5) with a special thanks going to Doug Borud and Martin Eveleigh.
Now Seeking $850k: We now transition from friends & family fundraising to a more traditional pre-seed round at higher valuation caps on a rolling SAFE.
First Tranche is $75k of 850k: The $850k is broken into four tranche's with the first being $75k at a $3MM valuation cap. Want the deck? Just ask.
🤝 Asks
Share with an Investor: Know someone with an appetite for early stage ventures? Forward this email along to them for consideration.
Share with a Business Owner: Know someone struggling to build out a lead generation machine? Forward this email along to them and we'll get their paid ads up and running free of upfront charge.
Anticipate our Next Update: Follow along the journey and root for our success. You can find our last update from April 2024 here on our blog.
Thank you for being an integral part of our journey. Your support means the world to us, and we're excited to continue sharing our progress with you.
Hey, I’m DEVYN - let me show you a little AI magic... 🪄
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