Lightbox leads $3.4 million seed financing round in HaikuJAM

Date posted: Friday 17 January 2020

Mumbai-based venture capital firm Lightbox has led a $3.4 million (about Rs 24 crore) equity financing round in creative writing mobile platform HaikuJAM, with Chamath Palihapitiya-led Social Capital, Dunce Capital and existing investor 2Enable Partners also participating in the transaction. Proceeds from the seed round of financing will be used by the four-year-old HaikuJAM to further build out and scale its artificial intelligence (AI)-powered consumer research tool INSPO, and ramp up its strategic hires, particularly in its data sciences and AI teams.

(ET Tech)