Chatfuel Raises $1.5M in Seed Funding from AltaIR Capital, Yellow Rocks, Smart Partnership Capital, and I2BF Ventures

Chatfuel, a San Francisco, CA-based communication automation startup, raised $1.5m in seed funding, FinSMEs reports.

The round was led by Pre-Seed to Succeed, an investment program backed by AltaIR Capital, Yellow Rocks, Smart Partnership Capital, and I2BF Ventures, with participation from Alber Blanc fund and several angel investors, including Ershad Jamil, Chatfuel advisor. As part of this raise, Alexander Korchevsky, co-founder of Pre-Seed to Succeed and partner at I2BF Global Ventures, has joined Chatfuel’s board of directors.

The company intends to use the funds to accelerate product development and international expansion, planning to launch an app-version of the solution next year.

Led by Fedor Pak, CEO, Chatfuel is an early Y Combinator company – and a business communication automation leader, Chatfuel aims to help companies communicate with their customers at scale. An official Meta partner, the company has facilitated more than one billion conversations every month for 7 million business clients on social media platforms.