For immediate release
[Company name] raises [Amount raised] [Round] to [what the money is for]
Round led by [Lead investor], with participation from [other investors]
[City], [Release date] - [Company name], [what the company does in a few words], today announced it has raised [Amount raised] in [Round] funding led by [Lead investor]. [Other investors] also participated.
The funding will be used to [the two or three specific uses: hiring, product, expansion, and so on].
[Traction. The figures that explain why investors backed you now: growth, customers, revenue, usage. Only numbers you are prepared to see published.]
[The problem and market. Two sentences on what company name solves and why the timing is right.]
[Total raised to date, if you share it, and any previous rounds or investors.]
"[What this round lets you do that you could not before]," said [Spokesperson], [Spokesperson title] of [Company name]. "[A line about customers or the mission, not the money]."
"[Why the investor backed the company, in their own words]," said [investor name], [title] at [Lead investor].
About [Company name] [Company name] [one sentence on what you do and for whom]. [One sentence of proof: founded year, customers, footprint, or a figure you can verify]. Learn more at [Website].
About [Lead investor] [One or two sentences supplied by the investor.]
Media contact
[Media contact name]
[Media contact email]
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