What is Memo?
Memo operates as a unique marketplace, enabling public relations and communications professionals to acquire earned media insights directly from publishers. By partnering with numerous media outlets such as BuzzFeed, Meredith, New York Magazine, and PopSugar, Memo aims to revolutionize earned media measurement. It transitions the process from relying on incomplete or inaccurate data to providing comprehensive solutions that offer precise readership and engagement metrics, insights previously exclusive to media organizations.
How much funding has Memo raised?
Memo has raised a total of $17M across 2 funding rounds:
Angel/Seed
$7M
Series A
$10M
Angel/Seed (2021): $7M with participation from Founder Collective, LightShed Ventures, MHS Capital, and Susa Ventures
Series A (2022): $10M led by Susa Ventures, Founder Collective, and Flex Capital
Key Investors in Memo
Founder Collective
Founder Collective is a venture capital fund focused on seed and pre-seed investments, partnering with exceptional entrepreneurs from the idea stage to IPO. The firm emphasizes founder alignment and supports innovative startups across various sectors, demonstrating a commitment to long-term relationships with founders.
LightShed Ventures
LightShed Ventures is an investment firm that provides capital and strategic support to companies in the media and technology sectors. Their focus is on backing innovative businesses poised for growth and disruption within the evolving media landscape.
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. They provide capital, community, and talent without taking board seats, believing that founders should retain control of their companies.
What's next for Memo?
The substantial enterprise-level backing and recent strategic investment position Memo for accelerated expansion and product development. This capital infusion is expected to fuel enhancements in its marketplace technology, broaden its publisher network, and deepen its analytical capabilities. Memo's focus on providing granular, publisher-verified insights suggests a strategic push to become the definitive source for earned media intelligence, catering to the evolving needs of PR and communications professionals seeking verifiable impact.
See full Memo company page
