Angel investors from Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe also participated in the funding round
Chronicle will use the current proceeds for product development and hire talent for its core team
The startup recently completed its beta testing and is also building its product offerings
US and India-based presentation software provider Chronicle has secured $7.5 Mn in a seed funding round from Accel and Square Peg.
Angel investors from Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe also participated in the funding round.
Chronicle will use the current proceeds for product development and hire talent for its core team.
Founded in 2021 by IIT graduates Mayuresh Patole and Tejas Gawande, Chronicle enables users to create presentations with ‘pre-designed blocks’ or templates within a few minutes.
Chronicle is currently focusing on helping founders create interactive presentations for pitch desks. Furthermore, it aims to expand the internal and external use cases of its product, according to the statement.
“Our early adopters can use Chronicle to create some of the best decks in just 8 minutes instead of eight hours. Eventually, we see Chronicle as the best way to anchor any meeting or discussion, in-person, remote, or asynchronous. It is a huge opportunity to impact millions of people who are not happy with how stories are told today,” said Mayuresh Patole.
Both founders have previously worked in corporate sphere with companies like Deloitte, The Boston Consulting Group, Luxasia, shARE and Dalberg Global, among others.
The startup lately closed its beta testing and is also building its product offerings. Its product pricing is also under discussion, according to the statement.
“Today, most audiences stop paying attention to the presentation at the 10-minute mark. As younger generations have entered the workplace, this feeling of ‘death by Powerpoint’ has only grown more acute. Simply making tools that lead to faster creation of poorly designed slides with chartjunk and bad information design further aggravates this issue,” said, Tejas Gawande, cofounder at Chronicle.
It operates a remote team of 15 employees working across the US, India, and Australia.
Currently, it is facing competition from Prezent, ClickShare Presentation, Canva and BrandOffice, among others.
As per DataIntelo report, the global presentation software market is expected to grow at a CAGR of 7.4% during the forecast period 2021-2030.