- Startup Vowel just came out of stealth mode with a $4.3 million seed investment to challenge the likes of Zoom and Microsoft Teams in the fast-growing video-conferencing market.
- Vowel’s investors include Amity Ventures, BoxGroup, Company Ventures and Kevin Lin, the cofounder of Twitch.
- CEO and co-founder Andrew Berman said Vowel will focus mainly on the enterprise market, telling Business Insider, “Zoom is great for birthday parties, for virtual happy hours. … For us, we’re definitely focused on company communications and communication in your workflow on a daily basis.”
- Here’s the pitch deck Vowel used to raise $4.3 million from investors:
- Visit Business Insider’s homepage for more stories.
Video-conferencing was already a hot space dominated by the likes of Zoom and Microsoft Teams when the founders of Vowel launched the platform in 2018.
Then, the market exploded with the pandemic and the sharp pivot to remote work, opening up new opportunities for the startup, which came out of stealth mode on Wednesday with a seed round of $4.3 million. Its investors include Amity Ventures, BoxGroup, Company Ventures, and Kevin Lin, the cofounder of Twitch.
“When we started this company, it was pre- this dramatic experience in virtual work,” CEO and cofounder Andrew Berman told Business Insider. “We were very much focused on this trend of remote work from the beginning.”
Vowel will be competing in a growing market that features legacy platforms like Webex and newer players led by Zoom, which became the star video-conferencing platform during the pandemic.
Berman said Vowel is looking to make video-conferencing a more seamless and productive experience for remote workers: “What we’ve seen in video-conferencing today is, you see me, I see you, we talk and we’re done,” he said.
The Vowel platform offers features that allow participants to set meetings more conveniently, produce transcripts and annotate meetings in a way that’s searchable and easy to follow — even for team members who failed to attend.
Vowel currently has 14 employees based in multiple locations, including San Diego, New York, and Europe.
“We’re focused on work,” Berman said. “We’re focused on how you communicate in your office. Zoom is great for birthday parties, for virtual happy hours. … For us, we’re definitely focused on company communications and communication in your workflow on a daily basis.”
Here’s the pitch deck Vowel used to raise its seed round of $4.3 million:
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