Contents.com Launches Crowdcube Campaign to Expand European Presence

Technology

Jun 14

MILAN, June 14, 2024 (VSNewsNetwork.com) – Contents, an international scaleup specializing in Generative Artificial Intelligence for content creation, has announced the launch of a crowdfunding campaign on Crowdcube. The company aims to raise €1 million to accelerate its expansion across Europe, including the UK.

Following successful funding rounds with venture capitalists Thomson Reuters and Alkemia Capital, Contents is now opening its capital to users and small retail investors. The campaign has already surpassed its initial €500,000 target, reflecting significant interest and confidence in the company's growth prospects.

"Following our exceptional performance in 2023, 2024 is pivotal for Contents," stated CEO Massimiliano Squillace. "Through this campaign, our goal is to further strengthen our footprint across Europe."

According to the company, the funds raised will support sustainable growth in core markets and expansion efforts in the UK, Germany, and the U.S. Additionally, investments will enhance platform engagement and user experience, leveraging Generative AI technology to provide efficient content management and high-quality, accessible AI tools.

Contents recorded substantial growth in 2023, increasing its annual recurring revenue (ARR) from €6.7 million to €10.7 million, a 75% year-on-year growth. The company operates in Italy, Spain, and France, with plans to expand into the UK, Germany, and the U.S. In a recent Series B round, Contents raised over €10 million, led by Alkemia and Thomson Reuters Ventures, following a €4 million Series A in 2021.

In 2023, market growth driven by generative AI accounted for 48% of total investments in artificial intelligence, with a projected compound annual growth rate (CAGR) of 36.5% from 2024 to 2030. Contents stands out as the only all-in-one platform for AI content and is among the top 10 Italian startups. With a B2B approach, Contents serves prominent clients such as Sainsbury's and Porsche.

For more information about the crowdfunding campaign, visit the website at https://www.contents.ai/invest/.

Source: Contents.com via Newswire