Premoney 35: Polls for iMessage & Kulfy

Welcome to Week 35. For those who recently joined the Premoney List email list…a quick reminder on how Premoney works: Each week, you’ll receive an email (this email) that features two companies that are currently raising money (mostly for the first time), are growing, and have impressive teams or founders. If you’re an investor and are interested in the company - use the “Connect with…” button to request an intro!

Some incredible companies this week - tons of growth, would love to help these founders out!

This weeks companies:

Company: Kulfy

Founder: Basanth Valeti

Founder Notes: The team is currently 2 engineers building their 3rd company. Highly experienced, not a team to miss.

Raise Details: Raising $500k on a $5m premoney cap

Vertical: Consumer, Content, Communication, Digital Media

Business Model: Product, Platform

1-Liner: Indian Content for Messaging

Description: With existing GIF platforms, everyone, regardless of their language or culture, receives the same GIF content to express themselves in the digital world. Kulfy App taps into peoples' need for vernacular and culture-specific content by way of clips, GIFs & stickers.

We launched 1+ year ago in 1 Indian language and have incredible organic traction (320K+ MAUs, 3-7x daily use by power users). We have a Google partnership, 6-figure revenue and several brand deals notably: IMG Reliance, Indian Super League & 5+ movie studios.

Traction Indicators: 

😱MAU: 320K

📈MoM Growth: 10%

💰Annual Contract Value for 2021 = $225K

Average number of Kulfys shared a month: 10M+

Average number of search queries a month: 15M+

Scaling to 3 languages by EOY.

Company: Polls for iMessage

Founder: Jeff Hanna

Raise Details: 750K at 3M pre-money valuation

Vertical: Ad Tech, Communication

Business Model: Affiliate, Revenue Share, Commission, Referral

1-Liner: Group Decisions Made Easy

Description: Polls for iMessage is a plugin for iMessage that lets you take a vote in your group chat. Our users send polls to make group decisions like where to go to lunch, when to meet up, or which Airbnb to book for a group trip.

Traction Indicators: 🚀 200k MAU

📈 Growing at 11% month-over-month for last 6 months🤝 Sealed a partnership with Groupon to expand offerings in-app.

Note from Premoney: 😏 I personally used this app this week and loved it.

That’s all for this week! Keep the requests and suggestions coming.

See you next week,

Jake