Jasper Raises $125 Million Series A at a $1.5 Billion Valuation
We have massive news to share today!
We’re proud to share that portfolio company Jasper today announced it has raised a $125 million Series A funding round at a $1.5 billion valuation. The round is led by global software investor Insight Partners and joined by other leading firms including Coatue, Bessemer Venture Partners, IVP, Foundation Capital, Founders Circle Capital, HubSpot Ventures and more.
We participated in Jasper’s Seed round (previously Proof Technologies) after meeting the team at the Y Combinator Winter 2018 Demo Day.
Jasper has officially joined our unicorn club alongside Current, Flutterwave, Synthego and Drata and marks the 5th unicorn we’ve minted at Seed, Series A or Series B. Our initial check in to the company is marked at ~120x and our entire stake has returned our $25 million Fund I marking the second such portfolio company to do so!
The funding will be used to further invest in the product, improve the customer experience, and bring Jasper to all the platforms creators use. The funding follows on the heels of the launch of a new browser extension.
Jasper makes generative artificial intelligence accessible to businesses and individual creators alike, enabling them to break through writer’s block, create original art, and repackage content for format, language, and tone. The reach and use cases of Jasper are wide and span from individual creatives to large teams at content forward companies.
Jasper has been used to write and illustrate children’s books, help non-native speakers communicate their ideas more effectively, and enable people to develop daily writing habits. Jasper’s new browser extension, released for Chrome, enables users to take generative AI with them across the full range of websites and content platforms they use.
With the extension, content creators who find themselves stuck can call up Jasper with a single click or keystroke and get contextual recommendations for original content whenever writer’s block strikes. The extension can be found at Jasper.ai and works across Google Docs, Gmail, Notion, Hubspot, Shopify, social media, content management systems, and many more content destinations.
About Jasper
Founded in 2021, Jasper is an AI Content Platform that enables individuals and teams to leverage AI to scale their content strategies. With Jasper, anyone from individual freelancers to creators at enterprise companies, can break through writer’s block, repackage what they’ve written, create original images, and adapt their content to different formats and languages. Jasper, which is based in Austin, Texas, has been recognized as “one of America’s fastest-growing private companies” by Inc. 5000.
AAF Management Ltd. (AAF) is a leading early stage venture capital firm focused on direct investments into pre-Seed, Seed and Series A stage technology companies in North America. We are sector agnostic but have a core focus on Fintech, Enterprise SaaS, Digital Healthcare, E-Commerce and Deep Tech. To-date, AAF and its partners have invested in over 120 venture-backed companies. The firm has over $180M in AUM.
In 6 years, our portfolio companies have raised over $4.35B of which $3B was raised after we initially invested, Today, we share the cap table with over 70 venture capital firms with more than $1B in AUM.
