Insider Brief
- Durable, an AI-powered website builder and small business platform, has announced a $14 Million Series A funding round, led by Spark Capital, with its total funds raised exceeding $20 Million, aiming to make business operations significantly more efficient.
- The platform has already built over six million websites in just a year, providing a comprehensive suite of AI tools to small business owners, acting as a designer, marketing agency, accountant, and COO to facilitate business growth.
- With this new investment, Durable plans to accelerate its product development, enhance its AI capabilities, and expand its team, supporting its mission to empower entrepreneurs globally and make business ownership more accessible and manageable.
PRESS RELEASE — VANCOUVER, British Columbia/ December 12, 2023— (BUSINESS WIRE) — Today, Durable, the AI-powered website builder and small business platform on a mission to make owning a business easier than having a job, announced $14 Million in Series A funding. The round is led by Spark Capital with participation from existing investors Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital. With over $20 Million in total funds raised to date, Durable is building the default platform to make every aspect of running a business 10X more efficient.
In just a year, Durable has built over six million websites. With millions of business owners actively building on the platform, Durable is leveling the playing field with powerful and easy-to-use AI tools that enable anyone to become a successful business owner. Serving as a 24/7 website designer, marketing agency, accountant, and Chief Operating Officer, Durable improves efficiency and drives sustainable growth for small business owners across the globe.
This new investment will be used to accelerate the Durable product roadmap, build deeper AI capabilities, and expand the Durable team.
“In this changing global workforce, self-employment is the future. In a decade, it will be the norm. Small businesses are already the backbone of our economy, and Durable is on a mission to empower entrepreneurs with AI, getting from zero to one and giving them autonomy over their work,” said James Clift, Founder and CEO of Durable. “There are nearly one billion small businesses globally that operate without employees and with limited support. Those are the new entrepreneurs we are powering with AI. With this new capital, we are excited to continue to expand our services and equip aspiring entrepreneurs with the power of 24/7 support and exponential AI-powered employees.”
“At Spark, we have always been driven to find the founders challenging the status quo. Not only are James and the Durable team doing this in their own right, but they are also creating a global platform for entrepreneurs to do the same with a frictionless user experience powered by AI,” said Natalie Sandman, General Partner at Spark Capital.
“Durable is making it easier and faster for people to start businesses — using AI to automate everything from building your brand and website in 30 seconds to creating marketing plans, understanding customer insights, and managing invoices. Small business owners need better tools to seamlessly manage these functions and get back to doing what they do best — running their business. The overwhelming response to Durable’s product is indicative of the phenomenal product and user experience that James and the team at Durable have built,” said Katie Reiner, Principal at Torch Capital.
Durable is transforming the narrative, making business ownership a viable and attractive option for every person across the globe. Entrepreneurship and AI are better together, allowing business owners to get more done, be more innovative, and build Durable companies.
About Durable:
Durable is the leading AI website builder and business platform for entrepreneurs to start, build, and grow. With six million websites built in under a year and over a million businesses building on the platform today across over 100 countries, Durable is enabling the future of self-employment. Durable is on a mission to make owning a business easier than having a job by leveraging AI tools. To learn more visit: www.durable.co
Contacts
Libbie Wilcox ([email protected])
Featured image: Credit: Durable
