FastForward.ai, a Mountain View, Calif.-based social media SaaS platform for digital marketing, commerce and payments, raised $8M in seed funding.
The round was led by General Catalyst and Ulu Ventures, along with Man Capital, Correlation Ventures and Silicon Valley Bank venture debt.
The company intends to use the funds to develop its platform and scale up operations to create digital engagement, commerce and payments inside social media and messaging apps.
Led by CEO Augie K Fabela II, the American founder of VEON, Ltd., the world’s tenth largest mobile operator, FastForward.ai provides a platform that allows mobile operators and consumer enterprises to acquire digital customers and upsell targeted offers. In 2019, FastForward.ai proved its product-market fit, signing SaaS contracts with enterprise customers in 32 countries.