ayora Raises £1.27M in Funding for Product Development and Expansion

ayora Raises £1.27M in Pre-Seed Funding

Key Highlights:

• Pre-Seed Funding: ayora, an AI revenue management platform for professional services, secured £1.27M in Pre-Seed funding.
• Investors: Funding round led by J12, with participation from Twin Path Ventures and angel investors including Farah Ballands, Roger Siddle, and Abhijat Saraswat.
• Product Development and Expansion: Funds will be used to recruit engineering talent, advance the product roadmap, and expand into the BigLaw market.

ayora's Target Market

• Target Market: Professional services firms, with a focus on the BigLaw market.
• Revenue Management Optimization: Providing AI-powered solutions to optimize revenue conversion, budget monitoring, billing schedules, and data-driven decision-making processes.
• Law Firms and Legal Professionals: Offering tools and insights to enhance revenue management activities, timesheet management, billing, and collections.

What ayora Needs to Buy

• Engineering Talent: Recruitment of skilled engineers to further develop and enhance the AI revenue management platform.
• Partnerships with Professional Services Firms: Collaborations with law firms and other professional services organizations to expand market reach and drive adoption.
• Marketing and Sales Support: Services to support commercial expansion, including marketing, sales, and customer acquisition strategies.