VentureCrowd recently announced the successful completion of a $155,000 crowdfunding round for Knowmail. The company is the first Israeli startup to be funded through VentureCrowd under a partnership with investment management firm Kentgrove Capital.
VentureCrowd raised $155,000 in convertible notes, as part of a larger US$3 million funding round led by reputable venture capital firms CE Ventures, AfterDox, Plus Ventures and 2B Angels. The investment gave sophisticated investors on the VentureCrowd platform the opportunity to access convertible notes at an interest rate of 4.5 per cent per annum.
Knowmail, one of few startups to participate in the Microsoft Accelerator Program, is creating an artificial intelligence personal email assistant for enterprises that helps employees focus on the most important and relevant emails first, from any device. Knowmail’s machine learning algorithms prioritise emails based on their importance and an employee’s work habits.
Read the full article by Anthill Magazine at Australian Anthill.