By StartupChi Team — October 1, 2024

Introduction

In a significant boost for the burgeoning technology that aims to streamline digital presence in the home service sector, BuiltRight has successfully raised $1.25 million in its latest seed funding round. The startup, which leverages the power of artificial intelligence to help businesses create efficient, user-friendly websites, positions itself uniquely in a market that’s increasingly crucial to small service providers looking to enhance their online footprint.

Background

Founded by a team of passionate entrepreneurs, BuiltRight emerged from a common challenge faced by home service professionals: the time-consuming and often expensive process of developing an effective website. Understanding the pain points in the industry, the founders set out to create a platform that automates the website creation process using AI technologies that optimize design, performance, and cost. In a competitive landscape that often leaves small businesses scrambling, BuiltRight aligns itself with an unmet need, opening doors for enhanced consumer engagement.

Funding Details

Announced today, this seed funding round follows BuiltRight’s earlier capital raise, bringing its total funding to $1.5 million. While specifics about the lead investor remain undisclosed, known backers include Coughdrop Capital and VITALIZE Venture Capital. BuiltRight’s innovative model and promising growth trajectory made it an attractive opportunity for early-stage investors.

Competitive Landscape

As the demand for effective online presence grows in the B2B sector, BuiltRight finds itself amidst competitors like WordPress and Wix. However, what sets BuiltRight apart is its specialized focus on the home service industry and its integration of AI to simplify and expedite the website creation process. This tailored approach grants BuiltRight a competitive edge, enabling rapid adaptation to industry needs while minimizing costs for its users.

Future Plans

With this new influx of capital, BuiltRight is set to accelerate its growth plans, channeling funds into continued product development that enhances its AI features and expands service offerings. Additionally, the startup aims to scale its marketing efforts to reach broader audiences within the home service sector across various geographic locations.

Conclusion

The successful funding round marks a pivotal moment for BuiltRight, signaling confidence from investors in both its vision and technology. As it continues to innovate and expand within the home service arena, the sky’s the limit for this promising startup. For more information about BuiltRight, visit their website at builtright.co.

Seed Round – BuiltRight:

• Organization Name: BuiltRight
• Organization Description: BuiltRight helps home service businesses generate their website faster, better and cheaper than ever before using AI.
• Website: builtright.co
• Funding Type: Seed
• Funding Round: Seed Round – BuiltRight
• Money Raised: $1,250,000
• Announced Date: Oct 1, 2024
• Funding Stage: Seed
• Pre-Money Valuation: —
• Equity-Only Funding: Yes
• Industries: B2B, , ,
• Revenue: —
• Total Funding: $1,500,000
• Funding Status: Seed
• Number of Funding Rounds: 2
• Lead Investor: —
• Investors: ,, , , VITALIZE Venture Capital
• Number of Investors: 2
• Number of Partner Investors: —