What is uMake?
uMake is a company that offers a risk-free 14-day trial for its services, allowing users to experience its features before committing. The company's description indicates a focus on subscription management, accessible via direct links on iPad or iPhone. This approach suggests a business model centered on user acquisition and retention through a trial period, aiming to convert users to paying subscribers. The nature of the 'enterprise-level funding' and 'strategic investment' implies uMake is targeting a significant market share or developing a platform with broad applicability.
How much funding has uMake raised?
uMake has raised a total of $5.2M across 2 funding rounds:
Angel/Seed
$700K
Series A
$4.5M
Angel/Seed (2015): $700K, investors not publicly disclosed
Series A (2015): $4.5M led by UpWest and BlueRun Ventures
Key Investors in uMake
UpWest
UpWest is a venture firm that funds, fast-tracks, and supports Israeli founders as they enter the US market. They specialize in leading pre-seed and seed rounds, helping startups like SentinelOne and HoneyBook secure their first customers and drive growth.
BlueRun Ventures
Launched in 1998, BlueRun Ventures functions as a venture capital fund. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Beijing, Helsinki, Mumbai, Seoul, and Shanghai.
What's next for uMake?
The recent major strategic investment signals a pivotal moment for uMake, likely enabling the company to scale its operations, enhance its product offerings, and broaden its market reach. This influx of capital is expected to fuel further innovation and potentially support expansion into new territories or customer segments. The company's focus on a trial period suggests a strategy geared towards user adoption and demonstrating value, which this new financing will undoubtedly accelerate. Future developments may include enhanced features, strategic partnerships, and a more aggressive go-to-market strategy to leverage the momentum from this significant backing.
See full uMake company page
