How Kommunicate Scaled Globally on Non-Dilutive Funding
AI chatbot Kommunicate used multi-currency non-dilutive financing from Efficient Capital Labs in USD and INR to scale globally, fund growth, and operate efficiently across markets without diluting equity.
Highlights
Kommunicate had been bootstrapped since its founding in 2020, and was looking to scale without dilution.
They took USD financing from ECL to their US entity, and later leveraged INR financing to their INR entity.
This allowed them to scale, while financing costs in two markets and two currencies.
The product is extremely competitively priced and transparent... they provide capital not just at the lowest rate, but also in a remarkably short turnaround time. I would recommend ECL wholeheartedly to any SaaS company that is looking to raise capital
Learn how Kommunicate succeeded with ECL financing
Co-Founder & CEO at Kommunicate
About the company
Kommunicate is a technology startup that has built an AI-powered customer service automation platform for enterprises. Their product provides flexible and scalable generative AI-powered chatbots to teams of all sizes - including globally leading clients like KPMG, GAP, Rakuten and Bridgestone.
- Founded: 2020
- Headquarters: US
- Revenue / ARR (approx): 5.5M USD
- Team Size: 40-50
The Invitation
Founders who drive the future, deserve capital that accelerates with them. Let’s make this the most efficient chapter of your story.