Karma Ventures co-leads the $15 million investment to DRUID

03 May 2022
Photo: DRUID team

Bucharest-based AI-driven conversational business platform that assists companies in delivering their digital transformation agendas, DRUID has raised $15 million to accelerate its growth and expansion across Europe and North America. The startup will also add new capabilities to its conversational AI offering and further develop its user experience.

The round was led by EstVCA member Karma Ventures together with Hoxton Ventures, joined by GapMinder and four other investors from Germany, Switzerland, Poland, and Romania.

Liviu Drăgan, CEO, DRUID said: “We aim to deliver a virtual assistant for every employee. Our goal is to empower businesses worldwide in using DRUID solutions to secure customer loyalty and boost employee retention for businesses of all sizes. We are going beyond the present typical constraints of conversational solutions to create a new category of products, conversational business applications (CBA), that will enable AI to drive complex processes and help people achieve better business results.”

Kristjan Laannemaa, founding partner, Karma VC added: “DRUID is our first investment in Romania. UiPath has let the whole world know about the great potential of the Romanian tech ecosystem and we are glad that we have an opportunity to work with Liviu Dragan and his team on another fast-growing software company.”

>> About Karma Ventures: www.karma.vc
>> About DRUID: http://www.druidai.com

Photo credit: Druid; https://unsplash.com/@agentj

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