At the last funding round, of $15 million, completed last May, Druid was valued at around $65-65 million. Last year’s investment helped the startup further accelerate the development of its chatbot platform and international expansion.
It reached a portfolio of around 175 clients and annual recurrent revenues of $5.6 million, up 250% from 2021.
“We are now in a new funding process that I hope will be completed in the first quarter of the year, with the documents to be signed in the second quarter. The target is for us to raise around $20 million and we are already in talks with several investment funds from the US and Europe,” said Liviu Dragan, Druid founder and CEO.
(English version by Catalina Apostoiu)