AI-powered video maker Munch raises $7.2 million in seed funding

Munch, AI-powered social media automation platform which turns long-form videos into bite-sized clips, has raised $7.2 million in a seed funding round led by A* Capital. Liquid 2 and pre-seed investors Cardumen Capital and Remagine Ventures also participated in the round.

Founded in 2021 by Oren Kandel and Peter Naftaliev, Tel Aviv, Israel-based Munch has reached over $2M ARR within 8 months and has over three thousand paying subscribers worldwide. While approximately 65% of Munch’s clients are based in the United States, the company also serves customers in Western Europe, South America, Africa, and Asia.

The company plans to use the funding to to extend its presence into untapped global markets and enhance its services for enterprises. Furthermore, it will contribute to advancing Munch’s solution, assisting content professionals in effortlessly crafting and enhancing short-form videos from existing long-form content, ultimately boosting return on investment (ROI).

“Businesses and brands who successfully employ social media content strategies are seeing higher returns on their investments and improving their bottom lines,” said Oren Kandel, CEO and co-founder of Munch. 

“With Munch, any business, small or large, with quality content can now reach more potential customers – a revolutionary approach when it comes to social media usage for marketing teams around the world. We are grateful for our investors’ trust and are eager to use the recent funds to expand our team and market presence, further entrenching Munch’s position as a leading AI platform for social media.”

Munch’s platform features automatic editing, instant and accurate subtitle generation, pre-scripted social media posts crafted with advanced AI, and accommodates a multilingual audience with support for over 20 languages. This methodology guarantees a widespread global reach, empowering businesses to enhance the effectiveness of their social media strategies, Munch says.

“A* Capital is committed to helping entrepreneurs build impactful companies and Munch is a prime example of what we look for,” said Gautam Gupta, General Partner at A* Capital. “The rise of social media has turned the marketing landscape on its head and has created a need for cost-effective, time-saving solutions. Munch’s cutting-edge platform brings an innovative approach to content creation, and we see the potential for the company to help businesses globally go viral with the click of a button. We look forward to seeing Munch build on its achievements to date and can’t wait to see what’s next.”

Written by Jordan Bevan


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