FastForward.ai, raised $8 Million in Seed funding to date, led by General Catalyst and Ulu Ventures, along with Man Capital, Correlation Ventures and Silicon Valley Bank venture debt.
The funds enable FastForward.ai to develop its platform and scale up operations to create digital engagement, commerce and payments inside social media and messaging apps. FastForward.ai’s platform allows mobile operators and consumer enterprises to acquire digital customers and upsell targeted offers at a fraction of the cost compared to traditional channels.
FastForward.ai brings mobile operators and enterprise customers into social media, where mobile users spend over two hours a day. “We believe by bringing a real-time digital experience, 1-click transactions and payments inside social media and messaging apps, FastForward.ai will revolutionize how mobile users transact digitally”, said CEO Augie K Fabela II.
“We believe in entrepreneurs with big ideas that have scaled before. FastForward.ai is positioned to have a big impact in a 5.5 billion mobile customer global market”, said Steve Herrod of General Catalyst and former CTO of VMWare.
“We were excited to invest early in FastForward.ai because it’s going after a huge global market with an impressive founding team. They have the necessary domain expertise, industry insights and relationships to succeed”, said Miriam Rivera former Deputy General Counsel at Google and Managing Director of Ulu Ventures. “We have a great track record of backing diverse, successful serial entrepreneurs in enterprise technology markets”, continued Rivera.
In 2019, FastForward.ai proved its product-market fit, signing SaaS contracts with enterprise customers in 32 countries. The firm will use success metrics from these customers to scale its sales operations.
FastForward.ai provides a powerful social media SaaS platform for digital marketing, commerce and payments. It enables enterprises to modernize their user experience and provide customized digital services. FastForward.ai was founded by serial entrepreneur and mobile industry veteran Augie K Fabela II, the American founder of VEON, Ltd., the world’s tenth largest mobile operator.